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

submitted 4 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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[–] DashboTreeFrog@discuss.online 18 points 4 months ago (1 children)

Crypto - Meh, I have digital banking and payment processing already, with easy enough international transfers. I'm good.

AI - I see the possibilities, I think we should continue to develop it even if just for the medical applications of machine learning. Right now people just like playing with it, but, privacy issues aside, I don't think it's a waste.

[–] orrk@lemmy.world 6 points 4 months ago

Crypto is worse tho, it requires about the same amount of energy as the entire global banking network, but only serves less than a percentage of the transactions