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.
  • monk@lemmy.unboiled.infoEnglish
    935·
    1 month 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·
      1 month 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

      • monk@lemmy.unboiled.infoEnglish
        11·
        1 month 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
          11·
          1 month 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.