- 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.
Which is why Monero’s proof of work algorithm ends up being better than Bitcoin. Because for a data center with tons of computers, it makes more financial sense to do something else with the machines rather than mine. But for a home user, it makes tons of sense to mine and get the heat to subsidize their electricity bill during the winter.