this post was submitted on 20 May 2024
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1600
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 11 months ago by [email protected] to c/[email protected]
676 comments fedilink hide all child comments
 
  • 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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[–] [email protected] 12 points 11 months ago (1 children)

"Crypto" has become a widely used abbreviation for "cryptocurrency," even though "crypto" itself refers to the general field of cryptography and its encryption techniques. This informal usage reflects how cryptocurrencies have become the most recognizable application of cryptography for most people.

[–] [email protected] -3 points 11 months ago (2 children)

Seems like it should be SSL.

[–] [email protected] 3 points 11 months ago (1 children)

Https is more recognized.

[–] [email protected] -2 points 11 months ago (1 children)

True, I wouldn’t expect people to know the terms ssl or tls. My point is, it’s a far, far more common application of cryptography than cryptocurrency.

[–] [email protected] 5 points 11 months ago (1 children)

Yes, a more common application, but not the most recognizable for most people.

[–] [email protected] -1 points 11 months ago

I’m amazed people are acting like they think nobody has ever heard of this. I suppose it was more a 2010-2015 thing.

[–] [email protected] 2 points 11 months ago (1 children)

To the general public?

[–] [email protected] -1 points 11 months ago (1 children)

Yes, because people were trained to look for the lock icon, though pretty much every site has it now, whether it’s something that necessitates security vs just privacy benefits. Maybe looking for the lock is outdated, idk, but it was emphasized a lot a few years ago.

[–] [email protected] 2 points 11 months ago (1 children)

You are drastically overestimating the technical competence of the general population.

[–] [email protected] -1 points 11 months ago (1 children)

In what way? And they supposedly have any clue what crypto currency actually means?

[–] [email protected] 2 points 11 months ago

There's a lot more publicity surrounding cryptocurrency than SSL.