• 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.
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1 point

Okay, so let’s say the country’s economy has collapsed. People are fleeing for the border. I go up to a border guard with one of those and hand it to him… do you really think he’s going to believe that has value?

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0 points

Really depends on the country. If you are fleeing somewhere like the United States, there’s about a one in four chance that it would be recognized. If you’re fleeing some other place that has had currency issues in the past, then it’s probably quite a bit higher.

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2 points

there’s about a one in four chance that it would be recognized.

That is utter nonsense. You show me where you got that figure from.

Or do you just mean the Bitcoin symbol? Because I doubt someone would assume a metal coin had value just because it had a Bitcoin symbol on it.

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1 point
*

https://monero.town/comment/4613276

Edit: You are right. My bad. It’s more like a one in five. Not a one in four.

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