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.
  • Rivalarrival@lemmy.todayEnglish
    2·
    5 months ago

    There are plenty of places I can take you where your $20 bill isn’t worth the paper it’s printed on. There is nothing particularly special about a dollar bill that makes it fundamentally different from any other intangible object.

    Again, the only difference is the size of the community that shares the belief. The dollar has a much larger user base than crypto. Crypto has a much larger user base than the Albanian Lek.