Linux Inventor Says He Doesn’t Believe in Crypto

betswift

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Quote from: nullama on July 22, 2024, 02:34:44 AM

Quote from: fuguebtc on July 19, 2024, 03:49:18 AM

~snip~
If someone comes to you and tells you that your wife is bad and untrustworthy, you should leave her. Would you leave her when you're the one who lives with your wife and knows her better than anyone else, and you don't even know who the other person is? This sounds ridiculous, right?

Likewise, is Bitcoin good or bad, is it a scam, ponzi or not? We can research and evaluate for ourselves, why would we change our opinion just because someone is impacting us with their distorted thinking?
I don't know how long the Linux inventor has known and learned about bitcoin, but I have been involved in the market for many years and spent a lot of time researching bitcoin. I am confident in my knowledge and choices, there is no reason I should care about what others say.

In addition to that, the other person might be right... but you might be right as well, even if that seems to be impossible.

For example, someone might say "it's finally summer!", but you think that person is crazy because you are just seeing the beginning of winter.

Both are right, it just happens to be that they live on the other sides of the world.

So, basically your reality might be different to the reality of another person, and their statement might be true for them, but that doesn't mean that what they say apply to you necessarily.

That's an interesting example to put into comparison, I am saving that one for discussions, thanks! Wink

And I agree with the take on the reality.

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Quote from: fuguebtc on July 19, 2024, 03:49:18 AM

~snip~
If someone comes to you and tells you that your wife is bad and untrustworthy, you should leave her. Would you leave her when you're the one who lives with your wife and knows her better than anyone else, and you don't even know who the other person is? This sounds ridiculous, right?

Likewise, is Bitcoin good or bad, is it a scam, ponzi or not? We can research and evaluate for ourselves, why would we change our opinion just because someone is impacting us with their distorted thinking?
I don't know how long the Linux inventor has known and learned about bitcoin, but I have been involved in the market for many years and spent a lot of time researching bitcoin. I am confident in my knowledge and choices, there is no reason I should care about what others say.

In addition to that, the other person might be right... but you might be right as well, even if that seems to be impossible.

For example, someone might say "it's finally summer!", but you think that person is crazy because you are just seeing the beginning of winter.

Both are right, it just happens to be that they live on the other sides of the world.

So, basically your reality might be different to the reality of another person, and their statement might be true for them, but that doesn't mean that what they say apply to you necessarily.

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Quote from: serjent05 on July 18, 2024, 04:55:15 PM

Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

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

I do not mind what other people's thought about Bitcoin. Everyone has their own belief, if we let ourselves got affected by other people's belief, it will be hard for us to live in peace since we have to adjust and react to what they are thinking. My thought about Bitcoin is established and was already proven for years, so this kind of statement does not affect me much.

So, if the Linux inventor says he does not believe in crypto then let him be, if ever, he will be the one missing out on the great opportunity Bitcoin brings.

If Bitcoin being a free market is a Ponzi scheme, what about those assets controlled and manipulated by larger companies and institutions?

If someone comes to you and tells you that your wife is bad and untrustworthy, you should leave her. Would you leave her when you're the one who lives with your wife and knows her better than anyone else, and you don't even know who the other person is? This sounds ridiculous, right?

Likewise, is Bitcoin good or bad, is it a scam, ponzi or not? We can research and evaluate for ourselves, why would we change our opinion just because someone is impacting us with their distorted thinking?
I don't know how long the Linux inventor has known and learned about bitcoin, but I have been involved in the market for many years and spent a lot of time researching bitcoin. I am confident in my knowledge and choices, there is no reason I should care about what others say.

betswift

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He didn't mention the word Bitcoin itself, talking about the crypto as a whole, yet, I wouldn't judge anyone for believing one thing is wrong, or the other is right. If he truly believes that the crypto is a scam - it's his choice. People always do and strive at what they believe in, even if it's wrong in the core or wouldn't proof them right. He may think it's bad, but, for many other people, it would be something that makes their lives better and engaging.

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Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

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

I do not mind what other people's thought about Bitcoin. Everyone has their own belief, if we let ourselves got affected by other people's belief, it will be hard for us to live in peace since we have to adjust and react to what they are thinking. My thought about Bitcoin is established and was already proven for years, so this kind of statement does not affect me much.

So, if the Linux inventor says he does not believe in crypto then let him be, if ever, he will be the one missing out on the great opportunity Bitcoin brings.

If Bitcoin being a free market is a Ponzi scheme, what about those assets controlled and manipulated by larger companies and institutions?

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Quote from: AmoreJaz on July 17, 2024, 06:43:47 PM

And the good thing about this market is that, no one is being forced to believe on this market. It is on your own accord if you want to join this market or not. So even if we say, there are top personalities who are against with this market, it is not a big deal. As this market is continuously growing without their presence.

I agree with you, the market doesn't give a shit to those who consider it a Ponzi scheme or something similar. Many people still consider Bitcoin as useless and a Ponzi type of scheme, but in actual those people are cowards or the ones without any brains.

Top personalities who say Bitcoin isn't a good asset are still living in dark ages and they're 100's to 1000's backward when it comes to their mindset. We don't really care who believes in Bitcoin and who doesn't, all we know is that we love it and it will continue to grow no matter what people say about it.

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So, a person who created a product, an invention that people decided to build on, doesn't like another invention on which other people build their software and businesses. That's what it all comes down to.
To an inventor of a washing machine not liking the idea of a vacuum cleaner, or the inventor of a radio not liking the TV...Who cares? I see no reason why I should. I don't even use Linux.

He clearly doesn't understand bitcoin if he thinks that we're suckers holding our bags, hoping for someone to buy it from us. That would actually fit bonds 100% because people buy them only to dump them as soon as they can.

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Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 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

There is no need to switch, after all if you wanted to purge Linux out of your life as you suggest you will have to stop using the internet almost entirely, as almost all servers run on Linux, besides I find that posture to be intolerant, I have no problem with people not believing in bitcoin and even thinking negatively of it, I just do not share their opinion and time will eventually tell who is right, and in this particular case I am sure those that support bitcoin are on the right without any doubt.

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Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 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."

To believe or not in crypto / bitcoin is Torvalds’s personal matter and right, and absolutely not a reason for his hatred. Bitcoin doesn't become a Ponzi scheme (although technically, there are similarities due to the fact that early investors profit at the expense of late investors. The stock market is no different in this regard) just because Torvalds voiced his opinion about bitcoin publicly.

Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

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

Did anyone else notice the information in the article about how Torvalds trolled everyone with this phrase? Good joke, isn't it?

Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

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

I have never heard anything more stupid (no offense).

If Torvalds doesn't share your point of view, this is not yet a reason to become a Linux-hater just because of disagreements about cryptocurrencies.

Any tool (Linux OS) must be used as long as it satisfies your needs (allows you to solve your problems) and doesn't cause any harm (for example, financial or data security-related).

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Quote from: aoluain on July 17, 2024, 03:52:52 AM

He is 100% correct !

...about Crypto, but nowhere does he mention Bitcoin. I'm taking his responses to mean
$hitcoins and not Bitcoin.

As he describes "the next sucker holding the bag", it has been correct for the
$hitcoin scene and has been proven many times particularly during the ICO
years.

As for Linux, I have used it before and wouldnt discount it based on its
creators opinion which is factually right if we read it the way we want to.

Absolutely correct. If we should look into what he said about cryptocurrency he may be correct because their are so many cryptocurrency out there that are not even worth investing, I believe that is what he is referring to ponzi scheme because these shitcoiins has features of ponzi and scam. Bitcoin is real and through, those who deal with it real understands what it's all about. Bitcoin is the only best digital currency and people are adopting it everyday because they see the importance of bitcoin.
I'm not surprised about the dude saying all sort of things about cryptocurrency because it is what shitcoins are. Bitcoin remains bitcoin and different from other cryptocurrencies.

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Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 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

It's very sad that he says that because Bitcoin users adore Linux because of its freedom, privacy and being open-source, he shouldn't be the one blaming Bitcoin, a currency that offers freedom like Linux. Btw OP that doesn't mean you should abandon Linux. Do you have a better alternative? No. Windows is a spyware and I wouldn't trust closed-source MacOS about my privacy, it's apple after all and god knows how they use your data. You have no better option other than Linux and its distributions. It's also open-source, so there is no need to abandon it because of his statement.

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So what is the significance of that for Bitcoin? I mean we've seen a lot of people who don't believe in Bitcoin, but do their opinions really matter? not really, on the contrary Bitcoin is growing significantly and they themselves are trapped in their belief that Bitcoin is nothing more than a Ponzi scheme, or whatever they believe.
And when he says that, it's nothing more than just his personal opinion, and he can say whatever he wants to say about cryptocurrencies and that's his right. and it was too childish for us when he said that he didn't like cryptocurrencies, but we immediately hated his creation. If for that reason alone you hate it, then you should stop using Microsoft products, because Bill Gates doesn't like Bitcoin. Let's just grow up and let him have his own opinion.

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Look, everyone's entitled to their opinion, even if its a guy who invented some computer thing. But let me explain, Bitcoin? That goes beyond simply some technological issue. That is a movement. Its about freedom and about challenging the conventional wisdom about behavior. Furthermore, one should appreciate what it stands for. Its a fresh approach of thinking, not only money.

The truth is that we are all linked, regardless of our Linux or Windows choice, Bitcoin purchase or lack. Lets honor one another's points of view, have a discussion, and perhaps pick up some fresh knowledge along the road. We develop personally as well as as a society in this manner. So, you know, lets not get overly mired in who agrees with what. Lets now consider the whole picture here. That is absolutely what counts.

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Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

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

What exactly his opinion about Bitcoin has to do with bitcoiners that are using and advocating for Linux?

Quote from: aoluain on July 17, 2024, 03:52:52 AM

...about Crypto, but nowhere does he mention Bitcoin. I'm taking his responses to mean
$hitcoins and not Bitcoin.

While its true that he didn't explicitly mentioned bitcoin, he did say "I also don't believe in crypto currencies" and since Bitcoin is a cryptocurrency, he probably refered to it as well. And if he wanted to make distinction between altcoins and bitcoin, he would mention it.

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Plurality of opinion, and the encouragement to express differing views. Aren't we glad Bitcoin is in tune with that? You want to denounce people for not having your beliefs, try going full-maxi and you might find that crowd treats you with disdain too heh.

Quote from: NotATether on July 18, 2024, 07:06:04 AM

It baffles me why so many "tech people" are seeking his advice for stuff like that, esp. AI. Anybody can spin up a raggedy-tag AI model thanks to LLaMa 3. So just because Elon has an AI company doesn't make him an oracle here in any sense, and certainly not an authority on phones.

Yeah I don't get why he and peeps like Kiyosaki get so much ride time on "crypto" news. To be fair though, the people most relevant to Bitcoin are probably also the least willing to go on record saying something, knowing their audience isn't valuable enough.

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Quote from: dzungmobile on July 18, 2024, 06:29:03 AM

If Elon Musk says he will ban iOS on all products of his companies like Tesla if Apple partner with OpenAI at OS level, will people stop using products of Apple?

It makes no sense. Using or not using, it can be from many reasons, budget, security concern and more. Therefore, many people are not fan of any company or OS, they can use products, OS from different companies.

Elon Musk is basically a nobody in the world of operating systems anyway. And in consumer technology in general, I mean he doesn't even know how to run a social media properly to make it scale. He should just stick to cars and rockets if you ask me.

It baffles me why so many "tech people" are seeking his advice for stuff like that, esp. AI. Anybody can spin up a raggedy-tag AI model thanks to LLaMa 3. So just because Elon has an AI company doesn't make him an oracle here in any sense, and certainly not an authority on phones.

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Quote from: nullama on July 18, 2024, 06:11:13 AM

Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

~snip~
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

This makes no sense to me.

Why consider the point of view of the people that create the tools I use? I have no idea what the manufacturer of this keyboard thinks about Bitcoin, and I don't care. Same for whoever invented or manufactured anything else in this computer, or the desktop environment I'm using, etc.

So if Bill Gates says he likes Bitcoin suddenly you'll use Windows 11?, again, makes no sense.

That's really the problem of other people. They always think that opinion of those people is always valid. That's why they get disappointed when the statement doesn't aligned on what they want to hear from them.

Also they should not expect that they provably like bitcoin since not everyone has the same opinion regarding on this matter. If they don't like or support bitcoin then let them be. For sure nothing will be change since there would be a lot more people will still engage or take a risk to invest on bitcoin.

We really here a lot of criticism on bitcoin but none of their opinion discourage people since the growth rate of bitcoin adapter grows more bigger since there are lot of investor see the true potential of bitcoin.

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Quote from: dzungmobile on July 18, 2024, 06:29:03 AM

Quote from: kryptqnick on July 18, 2024, 05:32:52 AM

It is true that there are a lot of scams, and many crypto projects are scam projects, but that doesn't apply to Bitcoin. Bitcoin can be involved in scam, just like any other form of money in the world. But Bitcoin itself is certainly not a scam.

Altcoin projects can be scam at project level, as they plan it since the start but Bitcoin is not a scam project at project level. Satoshi Nakamoto did not ask any money, didn't do any ICO, IEO or the likes to get money from community.

I'm pretty sure he didn't even read bitcoin's white paper, he just looked at the dark side that was spreading on social media and had a completely distorted view that bitcoin is the same as altcoins.
Initially, bitcoin was just a peer-to-peer currency but we turned it into an investment for personal gain and then many of us started calling it a scam. This is really unfair to bitcoin and shows their ignorance to call it a scam.

Quote from: dzungmobile on July 18, 2024, 06:29:03 AM

Quote from: nullama on July 18, 2024, 06:11:13 AM

So if Bill Gates says he likes Bitcoin suddenly you'll use Windows 11?, again, makes no sense.

You nailed it!

If Elon Musk says he will ban iOS on all products of his companies like Tesla if Apple partner with OpenAI at OS level, will people stop using products of Apple?

It makes no sense. Using or not using, it can be from many reasons, budget, security concern and more. Therefore, many people are not fan of any company or OS, they can use products, OS from different companies.

Bill Gate has also criticized and underestimated bitcoin many times and I think OP should not use windows either. If he holds this view, I don't think the OP will have much choice in giving up Linux and windows Cheesy

.

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Quote from: larry_vw_1955 on July 17, 2024, 03:26:49 AM

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

This is similar to the advice of a child who is offended and asks his mother to take away his toy from everyone. Grin

OP, you are probably not familiar enough with Linux to draw such conclusions, just as Linus Torvalds has the right to his opinion without losing his merits. Besides everything, you see that it is his habit to make jokes in his statements. It is not a fact that he will change his mind after a while. What will you do in this case, OP?

Quote from: Zlantann on July 17, 2024, 09:51:47 AM

Irrelevant people are always seeking doe means to gain attention. They know that the crypto community is highly populated, so they will want to talk and say something about it just to gain cheap publicity for themselves.

Do you really think he needs publicity?

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Quote from: kryptqnick on July 18, 2024, 05:32:52 AM

It is true that there are a lot of scams, and many crypto projects are scam projects, but that doesn't apply to Bitcoin. Bitcoin can be involved in scam, just like any other form of money in the world. But Bitcoin itself is certainly not a scam.

Altcoin projects can be scam at project level, as they plan it since the start but Bitcoin is not a scam project at project level. Satoshi Nakamoto did not ask any money, didn't do any ICO, IEO or the likes to get money from community.

Quote from: nullama on July 18, 2024, 06:11:13 AM

So if Bill Gates says he likes Bitcoin suddenly you'll use Windows 11?, again, makes no sense.

You nailed it!

If Elon Musk says he will ban iOS on all products of his companies like Tesla if Apple partner with OpenAI at OS level, will people stop using products of Apple?

It makes no sense. Using or not using, it can be from many reasons, budget, security concern and more. Therefore, many people are not fan of any company or OS, they can use products, OS from different companies.

Topic: Linux Inventor Says He Doesn’t Believe in Crypto (Read 640 times)