this post was submitted on 20 May 2024
1597 points (97.2% liked)

Technology

59266 readers
5184 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1597
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 5 months ago by [email protected] to c/[email protected]
674 comments fedilink hide all child comments
 
  • 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.
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 5 months ago (2 children)

I'm sorry, do you think inflation doesn't apply to prices just because they are using a different sign?

[–] [email protected] 1 points 5 months ago

And remember, crypto is super stable 🙄

[–] [email protected] -1 points 5 months ago (1 children)

Inflation occurs when governments print money and so with these cryptocurrencies, at least the good ones, the amount that is printed is known in advance and will never exceed certain boundaries. So even though the greedy people may wish to print more for themselves, they cannot do it because the system will not let them. And right now the system is perfectly happy to let them and fuck everybody else.

[–] [email protected] 4 points 5 months ago (1 children)

That is such a poor understanding of how inflation works but I suppose it's par for the course when talking to a cryptobro

Have a nice day

[–] [email protected] 1 points 5 months ago

You do the same. Have a wonderful day.