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.
  • TheGrandNagus@lemmy.worldEnglish
    2·
    6 months ago

    Translation: actual currencies can be used to purchase energy, but cryptocurrency cannot.

    What you’re saying is precisely like saying “I know a guy that trades turnips for money. Therefore turnips are a great currency that you can buy anything with.”

    • shortwavesurfer@monero.townEnglish
      11·
      6 months ago

      Sure, you can’t buy energy with crypto directly yet. But that would make total sense for a power company to accept crypto in the future.