this post was submitted on 20 May 2024
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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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[–] [email protected] 48 points 6 months ago* (last edited 6 months ago) (24 children)

I think there was a potential future where cryptocurrency could've actually been useful, but it was ruined by scammers, rug pullers, and of course, speculators.

I'll still hold a little bit of Monero, since it holds the most potential for being a real currency in my opinion. But otherwise, I fully agree with the sentiment.

[–] matjoeman 6 points 6 months ago (2 children)

It's always only going to be useful for things like buying drugs, cases where you want to skirt regulation or you really want privacy. Which is fine. It can have it's niche. Pretending it was ever going to be more than that was a mistake.

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