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.
    • DashboTreeFrog@discuss.onlineEnglish
      214·
      4 months ago

      Crypto - Meh, I have digital banking and payment processing already, with easy enough international transfers. I’m good.

      AI - I see the possibilities, I think we should continue to develop it even if just for the medical applications of machine learning. Right now people just like playing with it, but, privacy issues aside, I don’t think it’s a waste.

      • orrk@lemmy.worldEnglish
        51·
        4 months ago

        Crypto is worse tho, it requires about the same amount of energy as the entire global banking network, but only serves less than a percentage of the transactions

    • leanleft@lemmy.mlEnglish
      1·
      1 month ago

      POS does not consume resources.
      This goes to show how low-effort the criticism campaigns are.
      However… all cryptos have their health tied to bitcoin which is a large energy consumer. So the point is actually still very true (due to some other reason).