Technology

technology@lemmy.world

89,037 readers

14,546 active

3,435 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago

moderators

L3s@lemmy.world

enu@lemmy.world

technopagan@lemmy.world

L4s@lemmy.world

L3s@hackingne.ws

Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 2 years ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

652 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] ulterno@lemmy.kde.social 0 points 2 years ago (3 children)

Oh there's other's? Guess I haven't read enough.

But how to they manage to be decentralised?

permalink

fedilink

source

parent

hideshow 3 child comments

[–] Ispanicus@sh.itjust.works 0 points 2 years ago (2 children)

Proof of stake is one method I've seen, but I'm sure there are others.

permalink

fedilink

source

parent

hideshow 2 child comments

[–] ulterno@lemmy.kde.social -1 points 2 years ago (1 child)

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.

permalink

fedilink

source

parent

hideshow 1 child comment

[–] Ispanicus@sh.itjust.works 1 point 2 years 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.

permalink

fedilink

source

parent