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

submitted 6 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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[–] yogurtwrong 10 points 6 months ago (1 children)

Well, I think Linus Torvalds is one of the rare rich people who actually "deserves" being rich.

I think the main motive behind leftism should be stopping 8 people from owning the 50% of the world's wealth, not to distribute Linus Torvalds' 50 million dollars which a well deserved amount of wealth for someone who created the OS which runs the modern world.

Besides, what Linus owns is not even a droplet compared to billionaires like Bezos, Musk or Bill Gates

[–] jj4211 6 points 6 months ago (1 children)

I think it's a shining example of the 'right' sort of rich. Despite a significance that overwhelmingly exceeds usual billionaire level, he's not nearly so 'rich' and yet he has enough to just not worry about money, but he has earned it.

[–] [email protected] 2 points 6 months ago

It’s a contribution thing. He contributed enough to society to deserve to not worry about money for the rest of his life. It’s rare though since we have a bunch of billionaires who skim the rewards from huge swaths of the population who also have contributed their part.

The financialization of retirement is a huge part of the problem for the middle class (or what’s left of it, upper-lower-class is probably more accurate). We have to invest in these assholes in order to save for retirement. The harder workers in services, laborers, and fields don’t even get that.