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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I only like two cryptocurrencies.
Nano: free transactions, each wallet runs it’s own blockchain, so it’s got no negative impact on the environment.
Monero: allows for anonymous transfers
Omg we're cryptocurrency twins. I hold exactly these two for the same reasons
Hold? Or use?
Mostly holding Nano, used Monero quite often - should probably spend some Nano at one point... But vendors accepting it here are rare
I only use Monero, but still, it's a very good one.
Isn't Nano the one where they distributed the coins by CAPTCHA, but there was a central party that verified all these CAPTCHAs? They could just have given themselves 51% of the coins for free.
Initial distribution was through a captcha-protected crypto ‘faucet’. The faucet is still up. Did the developers keep a large part of the coins themselves? I’ve never heard that.
There's no way to audit that.
What about ETH? It also doesn't use electricity.
Then you like Bitcoin too, since it pegs them.
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.
BitCoin was the progenitor of those projects and rapidly gained value after strong usage (aka utility) and the ensuing scarcity. So you like BTC?
No, because one transaction uses as much energy as a normal household in a year. Or something like that.
Right, so fork it and make BTC Lite.