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.
  • MataVatnik@lemmy.worldEnglish
    383·
    6 months ago

    Good point, I always wondered if there is a way the technology will evolve and somehow find a niche that’s unexpected. But you’re right, 16 years is a long time to be meandering.

    • AIhasUse@lemmy.worldEnglish
      448·
      6 months ago

      It’s such a first-world thing to not understand all the good that crypto has done. There are countless lives that have been financially saved by having a safe place to hold wealth while their countries’ fiat collapsed. It’s just a short matter of time until many first world folks understand this as well.

      • Traister101@lemmy.todayEnglish
        231·
        6 months ago

        Sounds like the same shit those rare metal guys are always yapping about but with extra scams…

        • AIhasUse@lemmy.worldEnglish
          333·
          6 months ago

          Yeah, probably, don’t worry about it, it’s all a bit complex so probably all just the same thing, who knows. No way to tell really. You’ll be fine without digging too deep into this stuff, it’s difficult to understand.

          • al4s@feddit.deEnglish
            51·
            6 months ago

            Yes, because infrastructure, subsidies, education and social spending still need to happen and not paying your taxes will erode those things long before they stop a genocide. If you don’t care about getting in trouble with your government, there are more effective things that can be done.

            • Cypher@lemmy.worldEnglish
              36·
              6 months ago

              So you’re arguing it is moral to pay taxes even if you are North Korean? Interesting.

              • DPRK_Official@lemmy.worldEnglish
                6·
                6 months ago

                Our citizens pay taxes out of pure love and devotion to our Dear Leader. We don’t have room for your silly Western moralities.

      • MataVatnik@lemmy.worldEnglish
        4·
        6 months ago

        There was promise for people in Argentina livig under extreme inflation but I never heard it go anywhere.