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.
  • monkEnglish
    -26•11 months ago

    Love how privileged people who never ever had to hide money from their governments debate the usefulness fo crypto. Ask him about woman hygiene products as well.

    • @Honytawk@lemmy.zipEnglish
      2•11 months ago

      The solution isn’t to gamble your money away but to fight for the regulations you want or to leave for a better country.

      It is like fixing a car leak by replacing the valve with one made from Polonium-210

      • monkEnglish
        0•11 months ago

        or to leave for a better country.

        And that’s when you need bitcoin!! It’s a money transfer mechanism, not an investment one.

        • @itsmect@monero.townEnglish
          0•11 months ago

          >hide money

          >bitcoin

          If you really need to hide money from your government, pls consider a pocket change amount of xmr in case shtf. Take care brother, don’t let the feds get you.

          • monkEnglish
            1•11 months ago

            TY, I’m good, I fled early =)