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.
  • indepndnt@lemmy.worldEnglish
    91·
    7 months ago

    Except that’s not what “backed by” means. It consumes energy. You can never exchange cryptocurrency to get the energy that it consumed back.

    • shortwavesurfer@monero.townEnglish
      217·
      7 months ago

      Have you tried running a cryptocurrency miner during the dead of winter? It makes your electricity bills quite a bit lower. That’s for certain.