this post was submitted on 20 May 2024
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1597
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 7 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.
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[–] [email protected] 0 points 7 months ago (2 children)

It does go against the history of currency. And most of that history tells us why it’s a good idea to democratize currency.

It’s also an impractical idea because most governments would not be happy about it.

[–] [email protected] 1 points 7 months ago (1 children)

most governments would not be happy about it

How come?
Energy production companies would be happy no?
Shouldn't that make at least some govt. happy?

[–] [email protected] 4 points 7 months ago

It’s because they can’t control it in order to adjust the economy.

[–] [email protected] 1 points 7 months ago

And most of that history tells us why it’s a good idea to democratize currency.

No... that history tells us that currency only exists when there's a state / religion in control. There's no reason for currency without a state / religion. Not only would it not work, it's also unnecessary.