this post was submitted on 20 May 2024
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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 6 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • Linus Torvalds, creator of Linux, does not believe in cryptocurrencies, calling them a vehicle for scams and a Ponzi scheme.
  • Torvalds was once rumored to be Bitcoin creator Satoshi Nakamoto, but he clarified it was a joke and denied owning a Bitcoin fortune.
  • Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.
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[–] shotgun_crab@lemmy.world 40 points 6 months ago* (last edited 6 months ago) (19 children)

Crypto is just a waste of resources, similar to AI

[–] leanleft@lemmy.ml 1 points 3 months ago

POS does not consume resources.
This goes to show how low-effort the criticism campaigns are.
However... all cryptos have their health tied to bitcoin which is a large energy consumer. So the point is actually still very true (due to some other reason).

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