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Linux Inventor Says He Doesn’t Believe in Crypto (u.today)
submitted 2 years ago by to c/technology@lemmy.world
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  • 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.
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[–] 4 points 2 years ago (1 child)

There was promise for people in Argentina livig under extreme inflation but I never heard it go anywhere.

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  • [+] -6 points 2 years ago (1 child)

    Look closer, it's saving lives down there.

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  • [–] 2 points 2 years ago (1 child)

    I'm from Argentina, if you can pass me some articles I'd love to read them. It's something I've been interested in

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  • [–] 1 point 2 years ago

    Traditionally clever Argentinians have used USD to escape the collapsing currency, but over the last couple of years, there has been a massive shift to doing this with Bitcoin and some stablecoins. Personally, I would just go for Bitcoin, but I do understand that there is less variance with stablecoins, so they may be a bit more practical for some people. Here is an article that goes into this.

    https://www.bloomberg.com/news/articles/2024-03-19/bitcoin-gains-dim-argentines-dollar-refuge-with-276-inflation?embedded-checkout=true

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