this post was submitted on 20 May 2024
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1597
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 5 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 2 points 5 months ago

There are plenty of places I can take you where your $20 bill isn't worth the paper it's printed on. There is nothing particularly special about a dollar bill that makes it fundamentally different from any other intangible object.

Again, the only difference is the size of the community that shares the belief. The dollar has a much larger user base than crypto. Crypto has a much larger user base than the Albanian Lek.