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.
  • xlash123@sh.itjust.worksEnglish
    49·
    4 months ago

    I think there was a potential future where cryptocurrency could’ve actually been useful, but it was ruined by scammers, rug pullers, and of course, speculators.

    I’ll still hold a little bit of Monero, since it holds the most potential for being a real currency in my opinion. But otherwise, I fully agree with the sentiment.

    • matjoeman@lemmy.worldEnglish
      6·
      4 months ago

      It’s always only going to be useful for things like buying drugs, cases where you want to skirt regulation or you really want privacy. Which is fine. It can have it’s niche. Pretending it was ever going to be more than that was a mistake.