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submitted 6 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 6 points 6 months ago (1 children)

No, because I’m not a trader. It’s not all about the exchange rate for me, but about the utility of the coin.

Most coins exist because other coins exist. Nano and Monero not necessarily.

[–] [email protected] 1 points 6 months ago (1 children)

BitCoin was the progenitor of those projects and rapidly gained value after strong usage (aka utility) and the ensuing scarcity. So you like BTC?

[–] [email protected] 1 points 6 months ago (1 children)

No, because one transaction uses as much energy as a normal household in a year. Or something like that.

[–] [email protected] 1 points 6 months ago

Right, so fork it and make BTC Lite.