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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 2 years ago by to c/technology@lemmy.world
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  • 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.
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[–] 6 points 2 years ago (6 children)

I agree. Every crypto except XMR seems to be only seen as an investment to make more money.

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  • [–] -1 points 2 years ago (4 children)

    Why XMR and not BTC? Do the privacy defaults change how it's seen?

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  • [–] 1 point 2 years ago (2 children)

    BTC is solely a mode of investment, it offers no real benefits over fiat except decentralization. At least XMR is as or even more anonymous than cash, whereas Bitcoin has zero utility.

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  • [–] 3 points 2 years ago (1 child)

    If there was a way to use Bitcoin more privately than USD cash, would that give it utility?

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