Quote from: davis196 on Today at 06:17:08 AM

Quote from: larry_vw_1955 on July 17, 2024, 08:26:49 AM

Yes that includes "bitcoin"

The 54-year-old computer scientist slammed the newfangled asset class as a "great vehicle for scams." He also went on to mention that cryptocurrencies function as a typical Ponzi scheme that aims to find "the next sucker holding the bag."

https://u.today/linux-inventor-says-he-doesnt-believe-in-crypto

I know that many bitcoin enthusiasts are big Linux advocates. In order to stay consistent maybe they need to switch operating systems. That's what I would do

He's not completely wrong. Crypto is really "a great vehicle for scams". There's no doubt about this. That's why all crypto users should be really cautious and aware about the potential risks. Never trusting centralized crypto companies and never sending coins to suspicious people are the most important rules of the game. Using a cold wallet and being your own bank is also a must.

He's no completely wrong about all shitcoins being a ponzi scheme. Maybe the right term is "pump and dump scheme" not ponzi scheme.

I totally understand why so many people dislike the crypto world.
Switching to Windows is not a solution. Windows is basically a spyware. Linux has many developers, who created multiple distros. I'm sure that most of them actually support crypto.

He's not completely wrong, but he's also NOT completely right in adopting such a rigid, and uninformed opinion towards cryptocurrencies - "including Bitcoin". Someone should probably give Linus Torvalds a copy of the white paper, and show him that it actually works in practice. If he still considers that "Bitcoin is a scam", then sorry, like Satoshi said before - We don't have time to try to convince him. Cool