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Linus Torvalds said cryptocurrencies are simply “a great vehicle for fraud”
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Linus Torvalds, the Finnish-American software engineer best known for creating the Linux operating system, doesn't believe in cryptocurrencies, according to a recent report. forum post.
The 54-year-old computer scientist denounced the new asset class as a “great vehicle for fraud.” He also said that cryptocurrencies function as a classic Ponzi scheme aimed at finding “the next sucker to carry the bag.”
“I don't believe in Santa Claus, the Tooth Fairy or the Easter Bunny,” he joked.
Satoshi candidate?
It's worth noting that the godfather of the open source movement is also the creator of the decentralized version control system Git, and was once rumored to be Satoshi Nakamoto, the creator of Bitcoin.
torvaldsHaving created the Linux kernel at the age of 21, he had the skills needed to come up with the idea for Bitcoin, making him one of the leading candidates.
This rumor was further fueled by Torvalds' alleged change of a single name in the Linux kernel to “Name = I am Satoshi” in January 2022.
However, Torvalds explained that it was simply a “jokester” who used GitHub's tricks to make it appear that Git objects were in his tree.
he went on to say reveal He added that the rumors are just “empty noise” and that he is not the owner of his vast Bitcoin assets.
no technical singularity
In his post, Torvalds also rejected the idea of a technological singularity, dismissing it as a “bedtime story for kids.” “But unlike The Very Hungry Caterpillar, it also makes for a great clickbait story to make up,” he joked.
The legendary computer scientist admits it's a great science fiction concept, but continued exponential growth doesn't make sense to him. “We are very much seeing the limit approaching,” Torvalds added.
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