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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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[–] supercriticalcheese@lemmy.world 1 point 2 years ago

Again it's because businesses make revenue, i.e. Fiat money and people trade that money and exchange it for things etc...

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