- 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.
Except that’s not what “backed by” means. It consumes energy. You can never exchange cryptocurrency to get the energy that it consumed back.
Have you tried running a cryptocurrency miner during the dead of winter? It makes your electricity bills quite a bit lower. That’s for certain.