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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[–] TheFriar@lemm.ee 2 points 6 months ago

It’s gambling. Why anyone would be foolish enough to invest their life savings into it is no less stupid than the trump stans dumping their savings into trump bux or that trump credit card hat was apparently going fill up with cash when trump was reinstated.

It’s all a scam that has some likelihood of coming true if all of the right occurrences line up, no matter how unlikely. Except with crypto it’s like picking a random slot machine and somehow investing everything you have on one spin. Whereas the trump stuff is like betting on roulette, but one guy is spinning the wheel and he may just put the ball down on one of the random things and make a few people rich. Or maybe it’s more like throwing all your money into the casino toilet and flushing it because you’re too drunk to realize it’s not a slot machine.