- 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.
Translation: actual currencies can be used to purchase energy, but cryptocurrency cannot.
What you’re saying is precisely like saying “I know a guy that trades turnips for money. Therefore turnips are a great currency that you can buy anything with.”
Thank you Nagus for your financial insights.
Sure, you can’t buy energy with crypto directly yet. But that would make total sense for a power company to accept crypto in the future.
If it made sense they’d be doing it, no?
Not yet, the government has their regulatory screws too deep into them, so they can’t innovate like that.