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

posted 6 months ago

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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1 point

6 months ago

BitCoin was the progenitor of those projects and rapidly gained value after strong usage (aka utility) and the ensuing scarcity. So you like BTC?

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1 point

6 months ago

No, because one transaction uses as much energy as a normal household in a year. Or something like that.

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1 point

6 months ago

Right, so fork it and make BTC Lite.

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