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.
  • matjoeman@lemmy.worldEnglish
    82·
    4 months ago

    It’s always only going to be useful for things like buying drugs, cases where you want to skirt regulation or you really want privacy. Which is fine. It can have it’s niche. Pretending it was ever going to be more than that was a mistake.

    • BaardFigur@lemmy.worldEnglish
      62·
      4 months ago

      It’s not fine, when it wastes as much electricity as it does.

      That niche use case, waste an enormous amount of processing power on literally nothing

      • matjoeman@lemmy.worldEnglish
        2·
        4 months ago

        I agree but at least the PoS cryptocurrencies seem to have solved the energy use problem.