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

submitted 6 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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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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[–] redcalcium@lemmy.institute 8 points 6 months ago (1 children)

The internet has far more beneficial uses than malicious uses. We currently can't say the same with cryptocurrency due to its diminishing utility.

E-commerce platforms were never the target anyway

What's the use of money if not for paying stuff? In the early days, a lot more shops (online and offline) accept crypto payments. These days it's mostly vpn companies that accept them.