- 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.
I don’t know much about crypto but this doesn’t seem right?
Didnt it hit an all time high recently? All while no one is using it to buy anything anymore?
A coin is worth what someone will pay for it, and people are paying lots because they think it will be worth more later.
It has no inherent value or utility.