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.
  • Knock_Knock_Lemmy_In@lemmy.worldEnglish
    2·
    1 month ago

    Madoff was hidden. Bitcoin is out in the open.

    I think “bubble” could be a better description. Bitcoins bubble pops regularly every 4 years.