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

      everyone uses money, but “faith in the market” leads to people buying and selling or hoarding stocks, which in turn affects actual stock prices, which affects company worth, which leads to people being hired/fired, money invested or divested from companies and industries, leading to more and more effects.

      all based off “hype and confidence”. Real companies and people are affected by feelings.