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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 3 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] 12 points 3 months ago (2 children)

A lot of guys in my generation have most of their savings in crypto.

No they do not.

[–] [email protected] 1 points 3 months ago

When they lose that money they are going to create a very big political problem for the rest of us.

And this will not happen 💀

[–] shield_gengar 1 points 3 months ago

I only know one 40 year old who started dumping everything into crypto (DCA, hasn't contributed to 401k or IRA in 15 years), but he even took lower pay to work on devops in crypto.

It's not everyone, but they exist.