Technology

59237 readers

3529 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1596

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

submitted 5 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

646 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.

you are viewing a single comment's thread
view the rest of the comments

[–] Asudox@lemmy.world 6 points 5 months ago (2 children)

I agree. Every crypto except XMR seems to be only seen as an investment to make more money.

[–] itsmect@monero.town 1 points 5 months ago

based monerochan pfp enjoyer

[–] explodicle@sh.itjust.works -1 points 5 months ago (2 children)

Why XMR and not BTC? Do the privacy defaults change how it's seen?

[–] Asudox@lemmy.world 3 points 5 months ago

BTC is not private. XMR is actively being used mainly on the darknet because of its superior privacy guarantees. BTC is mostly sold and bought just like investments.

[–] amanneedsamaid@sopuli.xyz 1 points 5 months ago (1 children)

BTC is solely a mode of investment, it offers no real benefits over fiat except decentralization. At least XMR is as or even more anonymous than cash, whereas Bitcoin has zero utility.

[–] explodicle@sh.itjust.works 2 points 5 months ago (1 children)

If there was a way to use Bitcoin more privately than USD cash, would that give it utility?

[–] amanneedsamaid@sopuli.xyz 2 points 5 months ago

Yes. I suppose it would also have a sort of utility if it was mass adopted and therefore practically spendable for the average person, but I would argue that there is no inherent utility to Bitcoin.