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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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[-] MeekerThanBeaker@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

And crypto is more stable than some governments' real currency. It's been a life saver for some people.

It's also a lot faster for transactions than normal banking when sending money to people in other countries.

It's still in the early days... like email in the late 80s / early 90s. It should get better, but there's so much crap and scams out there right now. It's still very much the wild west. It's like Wall Street on acid.

EDIT: people downvote but don't say what was wrong. Awesome.

[-] NotMyOldRedditName@lemmy.world 3 points 1 year ago

They downvote the truth and/or facts when they are contrary to the hive mind.

[-] SchmidtGenetics@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

The circlejerking and hive mind on Lemmy is shockingly worse than Reddit somehow. Not what I ever expected.

this post was submitted on 20 May 2024
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