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.
  • Captain Janeway@lemmy.worldEnglish
    0·
    6 months ago

    Nah it’s literally a waste of physical resources. Crypto currency is a waste of fossil fuels. AI has its functions at least.

    • jabjoe@feddit.ukEnglish
      0·
      6 months ago

      Proof of stake uses a load less than proof of work.

      Be really good if currencies could go in and out of crypto. Could cut out a lot of middle men.