- 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.
You’re over simplifying my statements to try and support what’s going to be a failed investment.
Crypto allows you to send 10k internationally with zero trust. That’s insanity.
You can’t give one reasonable use case for it.
“You might want your salary to be a secret, until you have to report it for taxes.”
Sooooo, secret from whom? Because your neighbour and the cops can’t see your salary already. The problem doesn’t exist, unless your goal is tax fraud. But you quickly backed out of that argument because you saw the corner you were painting yourself into.
I totally agree that privacy is, and should remain an inalienable right, and you shouldn’t need a reason for information to be private.
Money isn’t information in itself. Who you give it to CAN be, but cash still solves that problem, so the problem doesn’t exist…… Until you’re trying to use cash remotely, but there are no reasonable use cases for needing anonymity in international money transfers. In fact there’s a ton of safety in having banks involved. It’s not 100% secure, but nothing ever is. As opposed to throwing your monero into the wind and hoping the other person ships your illicit items.