Apple Co-Founder Steve Wozniak on Crypto: Bitcoin Is ‘Pure-Gold Mathematics’

2 years ago

 Bitcoin Is 'pure-gold mathematics'

Apple co-founder Steve Wozniak says Bitcoin is “the lone 1 that’s pure-gold mathematics.” He is skeptical of astir different cryptocurrencies. In addition, Wozniak is simply a instrumentality of the metaverse but is little enthusiastic astir non-fungible tokens (NFTs).

Apple’s Steve Wozniak Praises Bitcoin

Apple co-founder Steve Wozniak talked astir cryptocurrency successful an interrogation with the Insider, published past week. He said:

There’s truthful galore cryptocurrencies that travel retired now. Everybody has a mode to make a caller one, and you person a personage prima with it. It seems similar they’re conscionable collecting a clump of wealth from radical who privation to put astatine the precise earliest stage, erstwhile it’s worthy pennies.

Wozniak besides noted that immoderate radical bargain cryptocurrencies due to the fact that they are not alert of the imaginable windfalls. “Then they conscionable fold,” helium said.

While he’s a instrumentality of the metaverse, he’s little enthusiastic astir non-fungible tokens (NFTs) and cryptocurrencies, the work conveyed. He said that for the astir part, they are “so up successful the air,” stressing that they person a way grounds of being “rip-offs.”

Wozniak has had first-hand acquisition battling crypto scams. In July 2020, helium sued Youtube and Google for promoting bitcoin giveaway scams utilizing his sanction and likeness. However, a justice ruled past twelvemonth that “Youtube and its parent, Google LLC, are protected by the national instrumentality that shields net platforms from work for contented posted by users.”

Bitcoin giveaway schemes proceed to scam investors connected assorted societal media platforms. Wozniak is not the lone 1 scammers similar to feature. Tesla CEO Elon Musk, his institution Spacex, Microsoft co-founder Bill Gates, Apple CEO Tim Cook, Berkshire Hathaway’s Warren Buffett, and galore different celebrities person besides been recovered successful fake crypto giveaways.

In February, the world TV bid Unicorn Hunters, which Wozniak is progressive in, introduced its ain cryptocurrency called unicoin. Unicorn Hunters features a radical of investors called the “Circle of Money” and entrepreneurs who transportation their businesses successful hunt of concern funds. Wozniak is 1 of the judges connected the show.

Unicoin provides holders with dividends and equity positions from the portfolio of startups that the amusement invests in. The Apple co-founder described:

It’s truly opening up the satellite of startup concern to the masses.

Wozniak explained that unicoin is much blimpish than astir different cryptocurrencies due to the fact that it is backed by nonrecreational concern decisions. “A token’s flaky connected its own. It could adjacent beryllium worthy zero,” Wozniak said. “I’m hoping unicoin’s precise successful, but astatine slightest it’s not based connected zero, conscionable based connected words and talk. It’s truly based connected the result of investments.”

Regarding bitcoin, the Apple co-founder said the cryptocurrency is:

[The] lone 1 that’s pure-gold mathematics.

This was not the archetypal clip Wozniak praised Bitcoin. In July past year, helium said Bitcoin is simply a “mathematical miracle.” In October, helium said that the largest crypto is “mathematical purity.”

However, Wozniak is acrophobic that governments could disallow bitcoin and different cryptocurrencies. “The occupation is governments volition ne'er let it to beryllium retired of their control. If it got to the constituent wherever everything is being done successful crypto and didn’t walk done governments for reflection and taxation and each that, governments would conscionable disallow it. They wouldn’t springiness up their power,” helium warned.

What bash you deliberation astir Steve Wozniak’s comments? Let america cognize successful the comments conception below.

Kevin Helms

A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.

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