Linux Inventor Says He Doesn’t Believe in Crypto
u.today
- 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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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.
Cryptocurrencies in general are not anonymous. There might be exceptions, but all I've seen is pseudonymity. And an eternal backlog of every transaction ever, i.e., if your identity gets revealed for a single transaction, it will get you revealed for every transaction you ever did.
This is what Monero is designed to fix.
No, given that privacy can be turned off.
No, it can't. It's built into the protocol and enforced. On other currencies such as Zcash, you can turn off privacy if you wish. But on Monero, it's not possible to opt out at all. You either have privacy or you don't use it at all.
They downvote because they hate what they don't understand, not because you're incorrect.
To the crypto haters, take a real 5-10 minutes to learn about Monero and see if you can apply the same hate afterwards.
Oh, I know. And for pointing that out, you will get downvoted as well.
Or you can record yourself buying stuff holding a newspaper and your ID.
lol nice rage farming 10/10.
The fuck is a crypto entrepreneur?
It sounds a bit like when arbitrage entrepreneurs were hoarding toilet paper during covid.