- 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.
The internet enabled that. Are we going to get rid of the internet?
Also, crypto is for peer-to-peer transactions. E-commerce platforms were never the target anyway. And if you really need to pay with crypto on these, you still have crypto-linked debit cards, and these platforms won’t know the difference.
The internet has far more beneficial uses than malicious uses. We currently can’t say the same with cryptocurrency due to its diminishing utility.
What’s the use of money if not for paying stuff? In the early days, a lot more shops (online and offline) accept crypto payments. These days it’s mostly vpn companies that accept them.
Paying people. And as I said, you can link crypto to a debit card to pay on these shitty platforms if you want (platforms that are bad for local business to begin with).
There is no diminishing utility for crypto. It has already been integrated to a point where you just don’t realize you can use it.
And quickpay integration also exists. People wouldn’t even know you paid with cryptocurrency.