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.
  • Tachikoma741@lemmy.todayEnglish
    1·
    6 months ago

    The government closed the gold standard at once didn’t they? Who is to say they cannot not do the same and say physical paper money?

      • Tachikoma741@lemmy.todayEnglish
        1·
        6 months ago

        Oh I’m trying to suggest that like many technologies. The infancy of it is laced with people who are scamming others. Medicine had a go about with this phase as well; and to my understanding is now widely regarded as a “good move”. Even if some dude use to sell cocaine mixed with alcohol and called it medicine because it made you feel better.