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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 6 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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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.

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[–] merc@sh.itjust.works 12 points 6 months ago (1 children)

I actually considered a non-governmental, community regulated currency as a pretty good idea.

That goes against the entire history of currencies. Every successful currency in history has been controlled by either the state or a religion (which was effectively state-like).

[–] deafboy@lemmy.world 1 points 6 months ago (1 children)

That goes against the entire history of currencies.

How come? Decentralized currencies were in place long before the dictators enforced their own private currencies on to all their subjects.

[–] merc@sh.itjust.works 1 points 6 months ago

Decentralized currencies were in place

Uh huh... like when?