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| I'm told that there are people claiming to "tokenize" my git repositories with my approval. | |
| I just want to clarify that that is not the case. I do not believe in monetizing my repositories. | |
| If you believe crypto-currencies are anything but a scam, I have a bridge to sell you. | |
| But I'm not selling source code. |
If you believe crypto-currencies are anything but a scam, I have a bridge to sell you.
This is just pure ignorance, lol, you can skip crypto if you want, and probably 90% of the garbage projects are scam, but claiming anything is scam, is just raw ignorance.Yo, that's straight-up disrespect to our godfather. Without his work, you wouldn't even have the tech to post this comment. He's not just right, he's been calling it like it is. The real problem in crypto is perception. The tech itself is solid, but people turn it into a scam by chasing quick money, pumping hype coins, and selling false promises.
cut the bullshit
Linus isn't necessarily against crypto itself, he's more likely against the circus around it.
This scam is too much
ts pmo
i agree yes
buying the bridge!
Tokenizing a repo without the consent of its authors is like minting an NFT for someone else's digital asset and selling it. You can build a platform for code owners to tokenize their repos, but the choice to do so for any single repo should be that of its authors. Don't make meme coins out of dev's works, especially without their consent.
how much for the bridge mr Torvalds
how much for the bridge mr Torvalds
only kidding i dont like crypoto at all i hate crypto
I don't like crypto
crypto TRADING is a scam*
absolutely right
They just want to wrap your source code in a scam so complicated that even git fsck gives up.
truth from the god throne
Why is this continuing
ok Sir...
labubu
torvalds/linux#1337
Linus created bitcoin confirmed
Hi:))
He ia real Satoshi
probably
He is real Satoshi
May be..
This is just pure ignorance, lol, you can skip crypto if you want, and probably 90% of the garbage projects are scam, but claiming anything is scam, is just raw ignorance.
The point you're missing is Crypto isn't a scam but Cryptocurrencies are.
labubu torvalds/linux#1337
💀
I completely agree
He ia real Satoshi
maybe the real satoshi is the one we satoshied along the way
If you believe crypto-currencies are anything but a scam, I have a bridge to sell you.
whe can i buy the bridge, im interested
whe can i buy the bridge, im interested
Same! I am down bad for all the things the Lord is selling. Sign me up!
Note: I am not entirely certain I actually wrote the line above, but I certainly did paraphrase it. Having said that, I should have been more specific. I am not at all challenging the tech behind cryptocurrencies. It is a brilliant idea, and from what I have seen, brilliantly executed. What I am calling a "scam" is the way people are using it.
It is my contention that this entire scenario was created by people who just don't understand what a currency is supposed to be.
As put very succinctly by the Central Bank of Australia in their excellent educational materials ( https://www.rba.gov.au/education/resources/explainers/pdf/what-is-money.pdf ), the standard definition of what makes something "money" (i.e. a currency) is that it is a:
Let's look at how cryptocurrencies -- the way they are currently implemented -- stack up:
The original idea behind bitcoin was that it would provide all three of these attributes. It was supposed to be a digital version of cash, meaning that one could enjoy the benefits of cash (anonymity, universal acceptance) while being secure at the same time. Being "secure" means giving a digital unit of currency a comparable security that being a unique physical object gives to a $20 bill.
As I have stated, the technology behind cryptocurrencies is very solid. But, instead of trying to establish bitcoin and other cryptocurrencies as a stable means of exchange, that is, an accepted unit of account and a store of value, somehow they became more akin to chips in some sort of bizarro-world gambling casino, a world in which possession of chips has somehow gained a value in and of itself that people pay more and more to have, thus becoming -- in some very important ways -- the opposite of cash.
So why aren't "real" currencies like the U.S. Dollar also a scam, and what gives "real" currencies the attributes of being "money"? It is because they are issued by governments through their central banks, and declared legal forms of tender in their respective countries. But MUCH more importantly, the value of, for example, $1.00 in U.S. dollars, is agreed by all parties before, during, and after all financial transactions using dollars, VOLUNTARILY. If you go to a street vendor in Paris, and offer Euros to pay for a sandwich, there is virtually no chance that the vendor will question the value of these Euros; in fact the vendor almost certainly has published a menu that lists the value of each served food item in Euros. You leave your house in the morning with X number of Euros in your pocket, confident that those Euros will buy you what you need for the day, whether it is a tank of fuel at the nearest filling station, a sandwich from a street vendor, or whatever else.
Imagine trying to do that with any of the current "established" cryptocurrencies. You would have no idea whatsoever what the value of X bitcoin that you have in your pocket will be worth at the end of the day. Street vendors' menus would be a mess because of unpredictable bitcoin value, and what was once a simple, stress-free transaction over lunchtime could very well dissolve into pitted battles of haggling and likely creation of a "black market" using gold, silver, or other materials that have some sort of intrinsic value.
The bottom line is that, in my humble opinion, the lofty ideals of the originators of cryptocurrency technology -- to imbue transactions made with digitally-based units of exchange the stability and trust that physical-world transactions made with physical-world units of exchange such as cash enjoy -- has been completely usurped by people trying to make a quick profit from people who have never understood what a currency is supposed to be.