- 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.
You can just use crypto for its intended purpose and not give a shit about the whole culture around it. I frequently use it to buy gift cards not available in my country, a VPN, and pay securely without giving away all my data.
The real issue is people coming and bastardizing the concept by trying to get rich, and treating it as some kind of gambling machine.
He didn’t say “i don’t believe in crypto because it’s a scam” he said “I don’t believe in crypto, except on its use as a scam” so it’d be great to hear why.