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

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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[–] emergencyfood@sh.itjust.works 7 points 2 years ago

A true state backed cryptocurrency used interchangeably with physical cash could be quite useful.

What advantage does this give over a simple digital currency?

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