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.
  • ___@lemm.eeEnglish
    17·
    6 months ago

    Then you like Bitcoin too, since it pegs them.

    • kn98@feddit.nlEnglish
      82·
      6 months ago

      No, because I’m not a trader. It’s not all about the exchange rate for me, but about the utility of the coin.

      Most coins exist because other coins exist. Nano and Monero not necessarily.

      • ___@lemm.eeEnglish
        1·
        6 months ago

        BitCoin was the progenitor of those projects and rapidly gained value after strong usage (aka utility) and the ensuing scarcity. So you like BTC?

        • kn98@feddit.nlEnglish
          1·
          6 months ago

          No, because one transaction uses as much energy as a normal household in a year. Or something like that.