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 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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[–] Tachikoma741@lemmy.today -5 points 6 months ago (1 children)

Well you're talking about a technology that can obsolete VISA and MasterCard and their predatory transaction fees!. There's a lot of money riding on cryptographic currencies taking off or not.

[–] NotMyOldRedditName@lemmy.world -2 points 6 months ago

Taking on Visa and Mastercard is just the tip of the iceberg when it comes to things like smart contracts.