Linus Torvalds has said that cryptocurrencies are simply "a great vehicle for scams"
  • 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.
  • @uienia@lemmy.worldEnglish
    0•1 month ago

    Well know you are just using circular logic. The thing is that cryptocurrencies aren’t currencies.

    • @locuester@lemmy.zipEnglish
      2•1 month ago

      I hear what you’re saying. But USDC is absolutely a token on many different ledgers that represents a currency.

      I’ve been deep in decentralized finance for years as an investor and fulltime software dev. I get the whole “hur hur Bitcoin is dum” but you’re really missing the forest focusing on a tree.