• 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.
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    6 months ago

    the idea of crypto on its not bad on its own, its just there are a lot of bad actors agressively trying to prop up the value of some arbitrary crypto without actually selling a good or service in order to make a quick buck.

    at least teams like the one behind Axie Infinity offered a product/service. Most don’t, which is the problem.

    if your marketing essentially has to relate to other people buying into buying it, then theres a big problem.