- 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.
There was promise for people in Argentina livig under extreme inflation but I never heard it go anywhere.
Look closer, it’s saving lives down there.
I’m from Argentina, if you can pass me some articles I’d love to read them. It’s something I’ve been interested in
Traditionally clever Argentinians have used USD to escape the collapsing currency, but over the last couple of years, there has been a massive shift to doing this with Bitcoin and some stablecoins. Personally, I would just go for Bitcoin, but I do understand that there is less variance with stablecoins, so they may be a bit more practical for some people. Here is an article that goes into this.
https://www.bloomberg.com/news/articles/2024-03-19/bitcoin-gains-dim-argentines-dollar-refuge-with-276-inflation?embedded-checkout=true