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

674 comments fedilink hide all child comments

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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[–] SolarPunker@slrpnk.net 12 points 6 months ago* (last edited 6 months ago)

Cryptos can be a useful technology in certain targeted fields but they are not the solution to capitalism, it is much more important to focus on social issues and mutual aid.

[–] iAvicenna@lemmy.world 12 points 6 months ago* (last edited 6 months ago)

Lets see, cryptocurrencies involve tech bros, fin bros and lots of money. I am not surprised it is on its way to become the most disgusting money making scheme in the world.

[–] AI_toothbrush@lemmy.zip 11 points 6 months ago (1 children)

Inventor sounds funny but i guess its correct

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[–] kn98@feddit.nl 11 points 6 months ago* (last edited 6 months ago) (14 children)

I only like two cryptocurrencies.

Nano: free transactions, each wallet runs it’s own blockchain, so it’s got no negative impact on the environment.

Monero: allows for anonymous transfers

[–] tsonfeir@lemm.ee 11 points 6 months ago (22 children)

I ask this sincerely, what have you personally needed an anonymous currency for?

[–] shortwavesurfer@monero.town 11 points 6 months ago* (last edited 6 months ago) (9 children)

Buying groceries. Personally, I guess I don't need an anonymous cryptocurrency, but why wouldn't you have an anonymous cryptocurrency? That would be the equivalent of letting everybody in the world see your bank account and your withdrawals and deposits. And who would do that? That and while people would like you to believe otherwise, you still have a right to privacy.

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[–] Mo5560@feddit.de 9 points 6 months ago (1 children)

The obvious one is buying drugs. I don't feel like arguing the morality of doing that but anonymous money is definitely useful for that.

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[–] lefixxx@lemmy.world 11 points 6 months ago

How are you asking Linus about crypto and not about the blockchain.

[–] roguetrick@lemmy.world 10 points 6 months ago* (last edited 6 months ago) (6 children)

Is this going to be the most replied to post on the Fediverse? 635 in 2 days and still going strong.

Edit: since it's now at 666 replies, please nobody make any more comments

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[–] jmanes@lemmy.world 9 points 6 months ago

Based

[–] StaySquared@lemmy.world 8 points 6 months ago (5 children)

What if... crypto currency has been a psyop all along. Ultimately eliminating physical currency and government having full blown control of digital currency.

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