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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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[-] Donjuanme@lemmy.world 24 points 1 year ago

It's as if this headline were written to stir discussion on lemmy.

[-] kn98@feddit.nl 22 points 1 year ago* (last edited 1 year ago)

I only like two cryptocurrencies.

Nano: free transactions, each wallet runs it’s own blockchain, so it’s got no negative impact on the environment.

Monero: allows for anonymous transfers

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[-] Limonene@lemmy.world 22 points 1 year ago

I fucking guarantee that Linus Torvalds DOES believe in cryptography. Stop calling cryptocurrency "crypto", because "crypto" is short for cryptography, not cryptocurrency.

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[-] JTskulk@lemmy.world 21 points 1 year ago

Why does the headline say "Crypto" but then snippet says "cryptocurrencies"? Do people not realize these are not the same thing? The inventor of Linux does believe in crypto, that's why it's in Linux!

[-] Gsus4@mander.xyz 15 points 1 year ago

It's the most annoying thing of these enthusiasts: they glorify cryptocurrencies and blockchain while glossing over the massively important and actually useful cryptography discipline in the background.

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[-] Veraxus@lemmy.world 21 points 1 year ago

Thank goodness. Such a useless technology.

Scratch that... it's not useless, because it's great for scams and fraud. It's actively harmful.

[-] xenspidey@lemmy.zip 20 points 1 year ago

Right, his talk about how he's not very good at computers is pretty funny. I don't understand the crypto hate on Lemmy. Although I guess I don't understand a lot of why things are hated here. I guess crypto is too close to capitalism maybe? Freedom is frowned upon here.

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[-] db2@lemmy.world 17 points 1 year ago

I guess we should all get rid of our bitcoin that's worth hundreds of times more than when we bought it, because an operating system kernel developer doesn't like it.

Linus is awesome but he's not a god, his opinion of things outside the Linux kernel is just the opinion of a guy. Stop worshipping him, he doesn't even like it.

[-] tacosplease@lemmy.world 20 points 1 year ago

Have fun playing hot potato with your savings I guess.

We don't dislike crypto because Linus doesn't like it. We like Linus more because he doesn't like crypto.

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[-] jmanes@lemmy.world 16 points 1 year ago
[-] crystalmerchant@lemmy.world 16 points 1 year ago

Who the fuck tell their kids bedtime stories about the idea of technological singularity??

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[-] lefixxx@lemmy.world 15 points 1 year ago

How are you asking Linus about crypto and not about the blockchain.

[-] iAvicenna@lemmy.world 14 points 1 year ago* (last edited 1 year ago)

Lets see, cryptocurrencies involve tech bros, fin bros and lots of money. I am not surprised it is on its way to become the most disgusting money making scheme in the world.

[-] thefrankring@lemmy.world 14 points 1 year ago

Linus creates kernels. Nothing to do with cryptocurrency. Tech is tech, but I wouldn't necessarily listen to him about other things than kernels and computers. For example, he doesn't even believe in FOSS, and he openly supports Google because of Android, Chromebooks and ChromeOS using Linux.

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[-] whotookkarl@lemmy.world 14 points 1 year ago

Equivocating cryptocurrency, block chain tech, and bitcoin is disingenuous to say none of that exists like fairies or Santa Claus. It exists just as much as PGP or AES or the deficit does. It's dumb to think any of that is going to launch you to extreme wealth or solve everyone's problems, but it is a good way to try to prevent governments from using that currency issuance power in ways their citizens would prefer they did not.

Even if you don't agree with the politics it is a pretty interesting technology for consensus building between potentially adverse participants. Someone with experience maintaining open source repos could at least appreciate that aspect.

[-] TexasDrunk@lemmy.world 23 points 1 year ago

Equivocating cryptocurrency, block chain tech, and bitcoin is disingenuous to say none of that exists like fairies or Santa Claus.

You know good and god damned well that's not what he was saying.

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[-] SolarPunker@slrpnk.net 13 points 1 year ago* (last edited 1 year ago)

Cryptos can be a useful technology in certain targeted fields but they are not the solution to capitalism, it is much more important to focus on social issues and mutual aid.

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this post was submitted on 20 May 2024
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