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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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[–] itsmect@monero.town 1 points 5 months ago

Love it for donations. Monero specifically is also super fast: open wallet, scan QR, enter amount, hit send. Easily done in 30s or less.

It's also good for VPNs, because now the VPN provider needs to figure out who owns the IP, rather then looking up the clear name in the payment info. Doesn't make you anonymous, but reduces risk of data brokers buying your personal info.