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
    1·
    4 months ago

    the only thing people ever accepted it as payment for, in any meaningful capacity, were illegal goods and services

    That used to be true. Hardly any BTC is being spent on drugs nowadays. It’s not anonymous enough. However, people are buying high value items like real estate and luxury goods with BTC.

    Bitcoin is mostly being spent on electricity and new hardware.