It's not surprising tbh. Most millionaires like Linus or tech people in general have so much money that the problems of the financial system don't impact their lives.
Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.
Continuous exponential growth is actually something our financial system was DESIGNED FOR. It it makes no sense our inflationary money makes no sense.
See, you are the reason that most everybody here hates cryptocurrency. Number go up is not the reason to be in the technology. The reason to be in the technology is for human freedom and privacy and liberty. I may be mischaracterizing you, and if I am, I'm sorry. But that's how this comment comes off.
And these my friends, are the only people who use crypto currencies: people who want to get rich from it
It isn't being used to buy anything useful, it isn't designed to make the world a better place.
It is only designed and used to increase profits.
And the only way these make profit is by converting everyone they can using any method they can. Lies, manipulation, scams. All just so they can increase the number and cash out on other peoples money.
I think crypto does have its place in anonymous transfers and stuff like that but the current form of crypto isnt that. First of all it would need to be something stable and crypto is everything but stable.
All currencies fluctuate against each other, but in most cases the currencies all fluctuate downwards in value within very close proximity to each other. You only see cracks start to appear when one currency becomes much weaker than the other ones. Look at the Japanese yen in the most recent days for an example. The big difference is that with the major cryptocurrencies the supply is either capped or very seriously constrained so it actually goes up in value while every other fiat currency in the world goes down in value over time.
It'll be a bad day when crypto really crashes. A lot of guys in my generation have most of their savings in crypto. When they lose that money they are going to create a very big political problem for the rest of us.
It’s gambling. Why anyone would be foolish enough to invest their life savings into it is no less stupid than the trump stans dumping their savings into trump bux or that trump credit card hat was apparently going fill up with cash when trump was reinstated.
It’s all a scam that has some likelihood of coming true if all of the right occurrences line up, no matter how unlikely. Except with crypto it’s like picking a random slot machine and somehow investing everything you have on one spin. Whereas the trump stuff is like betting on roulette, but one guy is spinning the wheel and he may just put the ball down on one of the random things and make a few people rich. Or maybe it’s more like throwing all your money into the casino toilet and flushing it because you’re too drunk to realize it’s not a slot machine.
I only know one 40 year old who started dumping everything into crypto (DCA, hasn't contributed to 401k or IRA in 15 years), but he even took lower pay to work on devops in crypto.
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