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.
  • explodicleEnglish
    1·
    6 months ago

    Isn’t Nano the one where they distributed the coins by CAPTCHA, but there was a central party that verified all these CAPTCHAs? They could just have given themselves 51% of the coins for free.

    • kn98@feddit.nlEnglish
      2·
      6 months ago

      Initial distribution was through a captcha-protected crypto ‘faucet’. The faucet is still up. Did the developers keep a large part of the coins themselves? I’ve never heard that.