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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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[+] MeekerThanBeaker@lemmy.world -20 points 6 months ago* (last edited 6 months ago) (4 children)

And crypto is more stable than some governments' real currency. It's been a life saver for some people.

It's also a lot faster for transactions than normal banking when sending money to people in other countries.

It's still in the early days... like email in the late 80s / early 90s. It should get better, but there's so much crap and scams out there right now. It's still very much the wild west. It's like Wall Street on acid.

EDIT: people downvote but don't say what was wrong. Awesome.