this post was submitted on 20 May 2024
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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]
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] 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.