this post was submitted on 20 May 2024
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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 9 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • 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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[–] Tachikoma741@lemmy.today 0 points 9 months ago (2 children)

I look forward to the day VISA and MASTERCARD become obsolete! Please save my aunt's small business from predatory transaction fees. ♥

[–] TheGrandNagus@lemmy.world 7 points 9 months ago* (last edited 9 months ago)

I have no like of transaction fees but... you know they exist in the cryptocurrency world right? And that they're generally higher? Those transactions take work and aren't done out of charity.

[–] TheBat@lemmy.world 4 points 9 months ago (1 children)

I look forward to the day VISA and MASTERCARD become obsolete!

Compares transaction speed of credit card vs buttcoin

Lmao

[–] Tachikoma741@lemmy.today 1 points 9 months ago

Buttcoin is pretty slow. To my understanding many other coins have already evolved past Bitcoin's slow ass speed.