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.
  • leanleft@lemmy.mlEnglish
    1·
    3 months ago

    POS does not consume resources.
    This goes to show how low-effort the criticism campaigns are.
    However… all cryptos have their health tied to bitcoin which is a large energy consumer. So the point is actually still very true (due to some other reason).