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.
  • kn98@feddit.nlEnglish
    3·
    1 year ago

    I like it as a way to donate to creators without revealing my identity. It comes close to handing over cash.

    You could also use it to pay for a VPN, but since the VPN provider sees your original IP address anyways, I don’t think that’s useful.

      • itsmect@monero.townEnglish
        2·
        1 year ago

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

    • itsmect@monero.townEnglish
      1·
      1 year ago

      Love it for donations. Monero specifically is also super fast: open wallet, scan QR, enter amount, hit send. Easily done in 30s or less.

      It’s also good for VPNs, because now the VPN provider needs to figure out who owns the IP, rather then looking up the clear name in the payment info. Doesn’t make you anonymous, but reduces risk of data brokers buying your personal info.