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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)

submitted 6 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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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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[–] explodicle@sh.itjust.works 1 points 6 months ago (1 children)

Isn't Nano the one where they distributed the coins by CAPTCHA, but there was a central party that verified all these CAPTCHAs? They could just have given themselves 51% of the coins for free.

[–] kn98@feddit.nl 2 points 6 months ago (1 children)

Initial distribution was through a captcha-protected crypto ‘faucet’. The faucet is still up. Did the developers keep a large part of the coins themselves? I’ve never heard that.

[–] explodicle@sh.itjust.works 2 points 6 months ago

There's no way to audit that.