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.
  • erwan@lemmy.mlEnglish
    249·
    7 months ago

    Crypto currencies doesn’t mean “hidden currency”, it means currency based on cryptography.

    • ExFed@lemm.eeEnglish
      4·
      7 months ago

      Do you mean to say that crypto is based on crypto? Crazy!

    • TheFriar@lemm.eeEnglish
      2·
      7 months ago

      They meant that choosing one possible definition and saying it’s what the word means is stupid. Words mean pretty much what everyone agrees they mean. Look at all the words that have basically flipped definitions since their inception. Just because the modern derivative of a word means something literally everyone understands but is slightly different than what it used to mean doesn’t mean the oldest answer is the correct one. Unwad your jock.