- 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.
Completely agree. By obfuscating the blockchain transactions, monero is essentially digital cash (at least when it comes to monero-to-monero transactions); what craptocurrency is supposed to be. That’s why governments hate it so much, it’s hard to tax transactions they can’t see and it’s hard to regulate something you can’t control or track. That’s why governments opted to ban it outright.
Still, the whole “being used as a stock market” is a problem for monero too. To a lesser degree than other cryptos, monero still was heavily impacted by the crypto bubble-pop. Monero has a lot of technical merit, unfortunately it’s being soiled by the failure of competing cryptos.
You don’t get into Monero for mad gains, which is what people don’t seem to get. They are in cryptocurrency for number go up, and I absolutely despise them for it. Monero is growing in adoption, even with the government adversity towards it. It is still growing. In fact, a decentralized exchange called Haveno just launched last Tuesday which will make it completely impossible to ever actually kill Monero’s Fiat 2 Monero Exchange
Got some sources? Sounds interesting.
https://monero.town/post/3143272
From your source :
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Haveno is the base software where Haveno-reto is the live network based on it. Currently they have to fork it and put keys directly into the source code to be able to change networks, although that should be fixed in a future update.