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Tuesday, October 24, 2017

Apple co-founder Steve Wozniak believes in Bitcoin!

Steve Wozniak, who co-founded Apple with Steve Jobs in 1976 has come out as a passionate supporter of Bitcoin!

Speaking in Las Vegas on Sunday, Steve said he's admired blockchain technology since it was first introduced, and now - he thinks it's even better than the US dollar, and even actual gold.

"While Bitcoin has a fixed future supply the same cannot be said about government-backed fiat currencies". 

When it comes to precious metals, he says similar points apply "Gold gets mined and mined and mined," Steve said. "Maybe there's a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics."

Wozniak is also excited about the future applications of blockchain technology, mainly how it can be applied to tracking real-world materials, "Right now, there is conflict with minerals in the world, and you don't want to buy conflict minerals. Well, how do you avoid it?  With blockchain-based solutions, however, tracking where that gold comes from is now possible." 

He also believes we're just seeing the beginning of huge things to come, adding "There is a lot more to this cryptocurrency than just the Bitcoin".
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Author: Ross Davis
San Francisco News Desk