- 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.
like nobody is forcing the poor to drink dirty water or go without food…
you make a lot of assumptions. next you’ll be calling me a basement dweller.
capitalism isn’t evil, guns aren’t evil, physical currencies aren’t evil, they are instead an easily manipulated vehicle that intern can be used for evil. crypto has proven itself with the sheer amount of scams to be easily manipulated. i don’t see crypto as complex, i have followed it since 2013 and have a good understanding of encryption and decentralized systems as well as economics.
the main reason i don’t like or see use for crypto is that i am a socialist, crypto goes against core socialist economic values. it also pollutes as the oil cost is high, it promotes commercialization, its abusive to human psychology with fomo, it feeds into libertarianism.
Poor people all over the world are less poor because they have used bitcoin to escape predatory devaluing fiat currencies. Go check out much of Africa, much of South America, Turkey, Georgia, and Southeast Asia. There are literally people eating better food and drinking cleaner water thanks to the fact that they can maintain their hard-earned value with bitcoin.
Nobody said capitalism is bad. Nobody said guns are bad, I have no idea why you would feel the need to conflate issues. I get that you can read headlines, but dig a bit deeper, and you will actually be able to argue from thought-out stances. The crypto oil thing was a scare tactic that got thoroughly disproven many years ago. Mining is rapidly ushering in the transition to renewable energy sources. It is also preventing waste of energy that would just dissipate.
The information is out there. It’s just up to yourself to put in the work to educate yourself. I don’t mean run around trying to find anything that will agree with your original hunches or whatever to try to guard your ego. I mean, look at it with fresh eyes and be willing to expand your view after critically analyzing the situation without bias. It is actually a good thing to be capable of arguing from both sides so that you are able to honestly weigh the situation. Right now you are just spewing old headlines that you once saw and not even attempting to make a coherent argument.
It will only help you to educate yourself. It’s not nearly as daunting as it seems. The next step is to quit trying to defend a stance that you don’t understand and to spend some time researching and asking questions. If you had understood what bitcoin was in 2013, then you would be in a much different situation than you are in right now.
Speaking about guns, capitalism and currency were to give examples, and thus context. And if you can show me evidence that crypto has improved so many live in impoverished counties, maybe a crypto GDP study I would love to see it.
I speak of gas prices as I had mined bitcoin and monero and know for a fact that my GPU was 100%, my electricity bill went up. and the crypto miner I repaired PC components for would have a repaste job every few months.