- 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.
I’ve literally only made millions off of crypto. Of course this is the Internet and I don’t need to verify me making shit up, but I will continue to say so because otherwise my feelings will get hurt. If you uplemmy this comment I will send you one trillion Bitcoin, real!
The vast majority of the crypto world failed to understand one key concept, money is not the value for which goods/services are exchanged, it is the value by which they are exchanged. People do not have a use or value for money beyond what it can be exchanged for, if no one is willing to exchange for it, it has no value.
Crypto only had value as a currency if people would accept it for goods or services, and the only thing people ever accepted it as payment for, in any meaningful capacity, were illegal goods and services. The value beyond that was purely based on a speculative ideological assumption that people would abandon the traditional banking system for a new system that they couldn’t buy anything with.
Who the fuck tell their kids bedtime stories about the idea of technological singularity??
Linus creates kernels. Nothing to do with cryptocurrency. Tech is tech, but I wouldn’t necessarily listen to him about other things than kernels and computers. For example, he doesn’t even believe in FOSS, and he openly supports Google because of Android, Chromebooks and ChromeOS using Linux.
He is just like me. I don’t mess with the chucky cheese token money.
True.
Is this going to be the most replied to post on the Fediverse? 635 in 2 days and still going strong.
Linus is already a multimillionaire, he doesn’t need a pump and dump.
Inventor sounds funny but i guess its correct
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I think crypto does have its place in anonymous transfers and stuff like that but the current form of crypto isnt that. First of all it would need to be something stable and crypto is everything but stable.
I guess we should all get rid of our bitcoin that’s worth hundreds of times more than when we bought it, because an operating system kernel developer doesn’t like it.
Linus is awesome but he’s not a god, his opinion of things outside the Linux kernel is just the opinion of a guy. Stop worshipping him, he doesn’t even like it.
If I can make value out of shit, it still stays shit.
Just because you were able to scam others out of their money doesn’t mean crypto holds any value to society.
Have fun playing hot potato with your savings I guess.
We don’t dislike crypto because Linus doesn’t like it. We like Linus more because he doesn’t like crypto.
Oh yeah? Then explain this!! /s
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If Torvalds was Satoshi he would have done a lot more with those untouched bitcoin than let them sit around for more than a decade
Smart man!
