Relicensing Linux is practically impossible. Because there were contribution from tens (hundreds?) thousands of developers and no copyright assignment, there are as many copyright holders. Each of them should explicitly agree to any relicensing.

But, yes, Linux Torvalds himself said he wants hardware vendors to be able to ship devices with his kernel and the technical impossibility (enforced by hardware restrictions) to run modified versions. In this context, the GPLv2 can be respected even if the freedom to modify the software is blocked in practice. GPLv3 prohibits this practice known as tivoization.

Other famous Linux developers, such as Alan Cox, see the GNU GPLv3 as an improvement over the previous version.

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