this post was submitted on 20 May 2024
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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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[–] flop_leash_973@lemmy.world 7 points 5 months ago (2 children)

Crypto is a textbook example of why we as a society can't have nice things. To many people are selfish and self serving, and not enough people are willing to ostracize those types of people from society for such actions.

[–] BobGnarley@lemm.ee 1 points 5 months ago

Stock market and Commodities were here long before Crypto and are just as if not more gamed and manipulated.

[–] Telodzrum@lemmy.world 1 points 5 months ago (1 children)

Real Tragedy of the Commons situation.

[–] sardaukar@lemmy.world -3 points 5 months ago (1 children)

The "tragedy of the commons" is misunderstood and maybe not even a thing https://aeon.co/essays/the-tragedy-of-the-commons-is-a-false-and-dangerous-myth

[–] Telodzrum@lemmy.world 3 points 5 months ago

It’s not misunderstood and it has been debated since it was first conceived. Your link is just an essay.