- 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.
If crypto had pivoted to freedom and prioritized mass-adoption, it would have been great. Instead, almost everyone who invested got more people to buy in, dumped it, and got their payday. So yes, very much like capitalism.
Really, the only crypto that comes anywhere near :
Is Monero. Unfortunately, it falls short when it comes to mass-adoption. Still, it’s just as volatile as any other crapto-currency, so using it as an investment vehicle is a bad idea. It seems almost like crapto-currency is fundamentally incompatible with stock market style investments.
Shitcoins yes, bitcoin no. If you fell for Craig Wright’s scams you’d fall for any other kind of scam also.