• 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.
    • ulterno@lemmy.kde.social
      link
      fedilink
      English
      arrow-up
      0
      arrow-down
      1
      ·
      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
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        1
        ·
        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.