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.
  • locuester@lemmy.zipEnglish
    32·
    5 months ago

    Is not currency, as a concept, useful? How about transfer of value over vast distances instantly? Is that not useful?

    • uienia@lemmy.worldEnglish
      11·
      5 months ago

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

      • locuester@lemmy.zipEnglish
        2·
        5 months 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.