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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 11 months ago by [email protected] to c/[email protected]

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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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[+] [email protected] -9 points 11 months ago (2 children)

Exactly. These people seem to have no idea what they're talking about and or flip flop on issues. As an example, they flocked to open source software. The minute a billionaire bought the company they previously used, because in open source software, they finally see that no billionaire can buy it and control it like they can a closed source system. But yet, oh no, we can't have open source money. That doesn't make any sense.

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

The minute a billionaire bought the company they previously used, because in open source software, they finally see that no billionaire can buy it and control it like they can a closed source system.

I’m genuinely struggling to understand what this sentence means. Is it badly worded or am I just brainfarting?

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

Oh, sorry. I was using voice dictation to type that and it put a period in the wrong place. That is not the beginning of a nuisance. I was intending to say that they flock to open source software the minute that a billionaire buys the thing they were using because they realize that a billionaire can't buy open source software.

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

Oh, that makes sense.

I think “open source money” is a great idea and I’m sure many here do too, but as others pointed out in the replies, cryptocurrency has a lot of issues at the moment for that to be viable.

Also, a lot of the hate probably comes from all the people shilling for it and the whole “get rich with this!!!” narrative around it.

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

Yeah, I'm not in it for those get rich quick reasons and I despise people who are. I am in it for the tech and the potential to increase human freedom around the world.

[–] [email protected] 3 points 11 months ago

Open source isn't a buzz word that brings people flocking over, its a definition of key features. Shit products can still exist in that space.