- 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.
Maybe I’m thinking more Richard Stalman than Linus Torvalds. But if he made Linux to promote freedom from corporates, then it seems like he should like cryptocurrency because it’s open source as well and permits freedom from government inflation. Humanity has never had a money not controlled by governments, except for gold and silver, and those are not easily sent over the internet.
Being open source does not make it good by default.
The ledger being visible to every node makes it pretty bad. You can figure out the identity of users just by circumstantial evidence.
And just because it’s not controlled by the government doesn’t mean, there aren’t powerful corporate people inside that can and will enact control over the chain. Otherwise Ethereum classic wouldn’t exist and Jordan Belford or Peter Thiel wouldn’t be fans of crypto.