this post was submitted on 20 May 2024
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1597
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 5 months ago by [email protected] to c/[email protected]
668 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] 11 points 5 months ago (32 children)

I ask this sincerely, what have you personally needed an anonymous currency for?

[–] [email protected] 3 points 5 months ago* (last edited 5 months ago) (3 children)

I like it as a way to donate to creators without revealing my identity. It comes close to handing over cash.

You could also use it to pay for a VPN, but since the VPN provider sees your original IP address anyways, I don’t think that’s useful.

[–] [email protected] 2 points 5 months ago (1 children)

Another use I can think of is paying for a domain and registering it with fake info. Registrars require pretty sensitive information, and apparently can check if it is real by comparing it to the info tied to a card used to pay, which crypto eliminates.

Wish there were more XMR-accepting registrars though.

[–] [email protected] 2 points 5 months ago

One time phone numbers are another good thing, to avoid the ever increasing tracking we are all exposed to.

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