Finland-born software engineer Linus Torvalds drew attention with his statements against cryptocurrencies. Known as the creator of the Linux operating system, Torvalds exhibited a skeptical attitude towards cryptocurrencies in his latest forum post. The 54-year-old computer scientist described these emerging crypto assets as “a great tool for fraud.” He also emphasized that cryptocurrencies function like a typical Ponzi scheme, aiming to find “the next sucker holding the bag.”
Not a Bitcoin Investor
Torvalds, known for his sense of humor, stated that he also does not believe in “Santa Claus, the tooth fairy, or the Easter bunny.” However, discussions about cryptocurrencies were not limited to this. Torvalds, who is also the creator of the distributed version control system Git, commented on rumors suggesting that he might be the mysterious creator of Bitcoin, Satoshi Nakamoto.
Some had claimed that a name in the Linux kernel was changed to “Name = I am Satoshi.” However, Torvalds dismissed this as a “joke” and emphasized that he does not possess a large Bitcoin fortune.
Technological Singularity
Torvalds also questioned the concept of technological singularity. According to him, such concepts are akin to fairy tales for children. “But unlike the very hungry caterpillar, they also make for great clickbait stories,” he quipped.
While the computer scientist acknowledged that the idea of technological singularity is a great concept for science fiction, he argued that the notion of constant exponential growth does not make sense. “We see the limits approaching,” he said, sharing his thoughts about the future.
Linus Torvalds’ thoughts on cryptocurrencies and technological singularity have resonated widely in the technology world. His core philosophy and critical perspective can help us understand these controversial topics more deeply. However, regardless of the situation, Torvalds’ ideas seem to remain a significant topic of discussion in the technology and finance worlds.
As we were writing this article, we saw that the Bitcoin price had once again surpassed the $67,000 level. BTC had dropped to the $66,000 level in the evening hours.
