this post was submitted on 20 May 2024
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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 7 months ago by [email protected] to c/technology
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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] 8 points 7 months ago (1 children)

The internet has far more beneficial uses than malicious uses. We currently can't say the same with cryptocurrency due to its diminishing utility.

E-commerce platforms were never the target anyway

What's the use of money if not for paying stuff? In the early days, a lot more shops (online and offline) accept crypto payments. These days it's mostly vpn companies that accept them.