1.6K

Linux Inventor Says He Doesn’t Believe in Crypto(u.today)

posted
by
Avatar
AnActOfCreation@programming.dev
in
Avatar
technology@lemmy.world
662 comments
hidereport
  • 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.
Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
asudox@lemmy.world
6 points

I agree. Every crypto except XMR seems to be only seen as an investment to make more money.

permalink
report
parent
reply
Avatar
explodicle@sh.itjust.works
-1 points

Why XMR and not BTC? Do the privacy defaults change how it’s seen?

permalink
report
parent
reply
Avatar
amanneedsamaid@sopuli.xyz
1 point

BTC is solely a mode of investment, it offers no real benefits over fiat except decentralization. At least XMR is as or even more anonymous than cash, whereas Bitcoin has zero utility.

permalink
report
parent
reply
Avatar
explodicle@sh.itjust.works
2 points

If there was a way to use Bitcoin more privately than USD cash, would that give it utility?

permalink
report
parent
reply
Show more comments
Avatar
asudox@lemmy.world
3 points

BTC is not private. XMR is actively being used mainly on the darknet because of its superior privacy guarantees. BTC is mostly sold and bought just like investments.

permalink
report
parent
reply
Avatar
itsmect@monero.town
1 point

based monerochan pfp enjoyer

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

Community stats

  • 16K

    Monthly active users

  • 12K

    Posts

  • 552K

    Comments

Community moderators