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.
  • EngineerGaming@feddit.nlEnglish
    131·
    6 months ago

    I used Monero to pay for my domain and VPS while under sanctions and thus failed by the mainstream payment system. And in daily life I use pretty much only cash.

    Also the phrasing of this implies some “nothing-to-hide” mentality. Would I be in danger if I paid for my stuff with a KYC method? Not really, I connect to my VPS and request my domain daily from home, their existence is not secret. Do I benefit from the transaction being anonymous? Still yes, the less data you trust the third parties with, the better. Same as to why I encrypt my chats even though they are mundane. Just because they are nobody’s business.

    • itsmect@monero.townEnglish
      1·
      6 months ago

      nothing-to-hide

      In most civilized countries the law is “innocent until proven guilty” - and if I (and the vast majority of people) are innocent, why the fuck is tracking a thing?