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Linus Torvalds is OK with vibe coding as long as it's not used for anything that matters
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I agree with all you said but it's still a (bad) abstraction.
By and large, the original market for VBScript or Cobol were people who did not have the means to understand - nevermind debug - their own output. Then actual professionals were hired to fix their broken pile of shit.
Vibe coding is arguably worse in many areas (such as determinism), but I'd argue it's a difference of degree not nature. The idea and target audience are largely the same, and the results will be as well, which is why I am not worried for my job security, quite the contrary.