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.
  • Rivalarrival@lemmy.todayEnglish
    0·
    1 month ago

    For all the reasons that crypto is a scam, every “value” stock - stock which does not now, and never has any intention of ever paying dividends - is also a scam.

    • RecluseRamble@lemmy.dbzer0.comEnglish
      0·
      1 month ago

      Behind a value stock is a profitable company. Behind crypto-tokens is a hilariously inefficient database with no application in real life.

      Gamble away your money, I’ll take the stock - or “have fun staying poor” like crypto-token morons like to say.