- 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.
To be fair, that’s because Crypto is a vehicle for scams, and a Ponzi scheme.
The line about safety regulations being written in blood? Financial regulations are written in bankruptcies.
I’m not gonna put my foot down for either side here but, to be completely fair here, so is for example the us dollar.
It’s mostly a threat to the state’s tax revenue and power.
No, no it isn’t.
It is a threat to the finances of any crypto user:
https://www.web3isgoinggreat.com/