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.
    • @ulternoEnglish
      -1•7 months ago

      Interesting, but, giving it a quick scan, some of them look like based on personal trust and others feel kinda chicken/egg-ish.
      And I may need to read it properly first, but “holdings” feels like you probably need to buy some of it first, presumably using some other currency.

      • IspanicusEnglish
        1•7 months ago

        Yes, that’s the usual criticism. To be able to stake, you need to have currency, promoting a rich get richer kind of scheme.