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.
  • bean@lemmy.worldEnglish
    1·
    4 months ago

    I mean not to mention the ridiculous amount of electricity it uses, and heat generated. but hey it’s low priority even though every year lately is the hottest in record.

    • Tachikoma741@lemmy.todayEnglish
      01·
      4 months ago

      For clarification. To my understanding, the older cryptographic currencies use an immense amount of power (Proof of Work). But newer models have solved that issue by switching to a Proof of Stake model instead.