Linus Torvalds has said that cryptocurrencies are simply "a great vehicle for scams"
  • 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.
  • EngineerGaming@feddit.nlEnglish
    2·
    6 months ago

    Another use I can think of is paying for a domain and registering it with fake info. Registrars require pretty sensitive information, and apparently can check if it is real by comparing it to the info tied to a card used to pay, which crypto eliminates.

    Wish there were more XMR-accepting registrars though.

    • itsmect@monero.townEnglish
      2·
      5 months ago

      One time phone numbers are another good thing, to avoid the ever increasing tracking we are all exposed to.