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.
  • @[email protected]English
    -3•4 months ago

    Sure, you can’t buy energy with crypto directly yet. But that would make total sense for a power company to accept crypto in the future.

    • @TheGrandNagusEnglish
      2•4 months ago

      If it made sense they’d be doing it, no?

      • @[email protected]English
        1•4 months ago

        Not yet, the government has their regulatory screws too deep into them, so they can’t innovate like that.

        • @TheGrandNagusEnglish
          1•4 months ago

          Where are these laws that state energy companies cannot accept crypto as payment?

          • @[email protected]English
            1•4 months ago

            I don’t know of any laws specifically against them accepting it, but I think it’s probably demand-based because only about one-fourth to one-fifth of US citizens use crypto currently. I think that number will grow over the years.