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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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[–] zazo@lemmy.world 2 points 6 months ago (1 children)

What if it was so small and light it was only electrons? And what if it accrues its value from the energy expended to create it? Maybe using some sort of cypher to ensure anyone could verify it? Idk maybe we're onto something..

then again it still syphons value to the top so maybe not...

[–] emergencyfood@sh.itjust.works 5 points 6 months ago

What if it was so small and light it was only electrons?

You mean, like how it is now?

And what if it accrues its value from the energy expended to create it?

You want more climate change? Also, value comes only from what someone else is willing to exchange for it.

Maybe using some sort of cypher to ensure anyone could verify it?

Why should anyone else be able to know anything about a transaction between A and B?