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.
  • circuscritic@lemmy.caEnglish
    9·
    6 months ago

    Because it went from being a novel decentralized payment method, into a speculative asset, and finally a Wall Street commodity.

    Yes, I know there are projects where that core ethos is still relatively intact, but those aren’t what come to mind whenever people publicly discusses “crypto”.