this post was submitted on 20 May 2024
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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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[–] slaacaa@lemmy.world 0 points 2 years ago* (last edited 2 years ago) (16 children)

Holy shit, the crypto bros are really triggered by this, out in full force in the comments. If the only argument you can bring for crypto is that you make/made money on it, that sounds a lot like a Ponzi scheme

[–] stoicwisesigma@lemmings.world 0 points 2 years ago* (last edited 2 years ago) (7 children)

Alright, as a crypto entrepreneur myself, I'll bite and try to break down exactly what the appeal of crypto is. But b4 I do I would appreciate some updoots since I have a new account. Anyway, crypto, it's a way to do transactions anonymously. You know how when your wife frequently accesses your bank account to meticulously track every offbrand sex toy you get on temu (at least mine does, filing a divorce at the time of writing, just trying to keep custody of the kids even though they hate me) so you can feel the sensation of plastic child labor alone in your bedroom? But yeah I don't really use crypto that much personally, too many scams.

The fuck is a crypto entrepreneur?

It sounds a bit like when arbitrage entrepreneurs were hoarding toilet paper during covid.

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