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submitted 5 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 150 points 5 months ago* (last edited 5 months ago) (70 children)

Crypto is hated because it’s an MLM for terminally online people.

It gains value because people want it and people want it because it gains value is both a perfect description of cryptocurrency and scams.

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