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submitted 5 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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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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[-] Ciderpunk@lemmy.world 149 points 5 months ago* (last edited 5 months ago)

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.

[-] Tachikoma741@lemmy.today -3 points 5 months ago

How does this working into Foreign Exchange? This also sounds a lot like trading USD to PESO like my aunt does...

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this post was submitted on 20 May 2024

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