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

    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.