Linus Torvalds has said that cryptocurrencies are simply "a great vehicle for scams"
  • 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.
  • Syrc@lemmy.worldEnglish
    1·
    6 months ago

    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?

    • shortwavesurferEnglish
      2·
      6 months ago

      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.

      • Syrc@lemmy.worldEnglish
        1·
        6 months ago

        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.

        • shortwavesurferEnglish
          1·
          6 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.