• 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.
  • Knock_Knock_Lemmy_In@lemmy.world
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    5 months ago

    crypto is too ecologically expensive and wasteful

    Only some (proof of work) crypto is ecologically expensive and wasteful.

        • ulterno@lemmy.kde.social
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          5 months ago

          Interesting, but, giving it a quick scan, some of them look like based on personal trust and others feel kinda chicken/egg-ish.
          And I may need to read it properly first, but “holdings” feels like you probably need to buy some of it first, presumably using some other currency.

          • Ispanicus@sh.itjust.works
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            5 months ago

            Yes, that’s the usual criticism. To be able to stake, you need to have currency, promoting a rich get richer kind of scheme.

    • uienia@lemmy.world
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      5 months ago

      As long as they use energy they are wasteful, considering they don’t provide anything constructive for that wasted energy which could have been used for better things.