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TechnologyEnglish • 6 months ago

Linux Inventor Says He Doesn’t Believe in Crypto

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Linux Inventor Says He Doesn’t Believe in Crypto

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TechnologyEnglish • 6 months ago

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.

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2•6 months ago
Madoff was hidden. Bitcoin is out in the open.

I think “bubble” could be a better description. Bitcoins bubble pops regularly every 4 years.

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