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

submitted 5 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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[–] Honytawk@lemmy.zip 2 points 5 months ago (3 children)

The solution isn't to gamble your money away but to fight for the regulations you want or to leave for a better country.

It is like fixing a car leak by replacing the valve with one made from Polonium-210

[–] monk@lemmy.unboiled.info 0 points 5 months ago* (last edited 5 months ago) (2 children)

or to leave for a better country.

And that's when you need bitcoin!! It's a money transfer mechanism, not an investment one.

[–] itsmect@monero.town 0 points 5 months ago* (last edited 5 months ago) (1 children)

>hide money

>bitcoin

If you really need to hide money from your government, pls consider a pocket change amount of xmr in case shtf. Take care brother, don't let the feds get you.

[–] monk@lemmy.unboiled.info 1 points 5 months ago

TY, I'm good, I fled early =)