Linus Torvalds has said that cryptocurrencies are simply "a great vehicle for scams"
  • 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.
  • SpaceCowboy@lemmy.caEnglish
    01·
    11 months ago

    it is a good way to try to prevent governments from using that currency issuance power in ways their citizens would prefer they did not.

    And instead it should be hedgefunds that have that power?

    There is a need for currency and someone is going to have control over the value of that currency. At least with the government you can vote the bastards out.