this post was submitted on 20 May 2024
1600 points (97.2% liked)

Technology

62783 readers
3855 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
1600
Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 9 months ago by [email protected] to c/[email protected]
672 comments fedilink hide all child comments
 
  • 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.
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 13 points 9 months ago (6 children)

I actually considered a non-governmental, community regulated currency as a pretty good idea.

That goes against the entire history of currencies. Every successful currency in history has been controlled by either the state or a religion (which was effectively state-like).

[–] [email protected] 0 points 9 months ago (3 children)

It does go against the history of currency. And most of that history tells us why it’s a good idea to democratize currency.

It’s also an impractical idea because most governments would not be happy about it.

[–] [email protected] 1 points 9 months ago (1 children)

most governments would not be happy about it

How come?
Energy production companies would be happy no?
Shouldn't that make at least some govt. happy?

[–] [email protected] 4 points 9 months ago

It’s because they can’t control it in order to adjust the economy.

load more comments (1 replies)
load more comments (3 replies)