this post was submitted on 20 May 2024
1580 points (97.2% liked)

Technology

59641 readers
2671 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
1580
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 6 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
651 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.
you are viewing a single comment's thread
view the rest of the comments
[–] jabjoe@feddit.uk -1 points 6 months ago (1 children)

Advantages of cash and digital, without the swings of raw crypto. Also leaving the ability to usefully manipulate your country's currency.

Crypto means easy, open payment systems. No gatekeepers like WorldPay.

[–] orrk@lemmy.world 1 points 6 months ago (1 children)

like any true Liber-crypto-bro-tarian, your understanding of crypto is only undercut by your understanding of economics

[–] jabjoe@feddit.uk 0 points 6 months ago

Manipulating currency is a useful tool. If you don't think so, that makes you more liberian than me.

Like many here, I'm big into open source, and card payment systems are an issue. Crypto is one solution to that. Crypto has advantages, but it falls down as a currency because of blind faith in the invisble hand.