this post was submitted on 20 May 2024
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  • 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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[–] JaN0h4ck@feddit.de 1 points 5 months ago

It already exists without crypto tokens and it's called a referendum.

Different countries use it to different extents. The Swiss Country does a lot of it, for example.

But referendums are not always a good idea and are extremely prone to manipulation by the media and populism (see Brexit). Minorities are also underrepresented in referendums, which poses a real problem with these things.

Having an elected government with separation of power is definitely always better, than whatever DAOs are doing.