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.
    • redcalcium@lemmy.instituteEnglish
      133·
      6 months ago

      The internet has far more beneficial uses than malicious uses. We currently can’t say the same with cryptocurrency due to its diminishing utility.

      E-commerce platforms were never the target anyway

      What’s the use of money if not for paying stuff? In the early days, a lot more shops (online and offline) accept crypto payments. These days it’s mostly vpn companies that accept them.