Apple co-founder Steve Wozniak (a.k.a. “Woz”) recently shared his latest thoughts on cryptocurrency.
“An American electronics engineer, computer programmer, philanthropist, and technology entrepreneur,” Wozniak describes himself. In April 1976, he and Steve Jobs co-founded Apple Inc., which “later grew to be the world’s largest information technology company in terms of revenue and the world’s largest company in terms of market capitalization.
” He is “widely recognized as one of the prominent pioneers of the personal-computer revolution” as a result of his work at Apple in the 1970s and 1980s.
In an interview with CNBC on June 4, 2018, Wozniak stated the following about Bitcoin:
“I believe what Jack Dorsey says, not because I think it will happen, but because I want it to…
“Bitcoin is mathematically defined, it has a finite supply, and there is a method for distributing it… and it is pure, there is no human or corporate entity running it, and it is just… growing and growing… and surviving, to me, that says something natural, and nature is more important than all our human conventions.”
Wozniak was interviewed for episode 96 of the podcast “Steve-Wild O’s Ride!” on March 3.
The following are some of the key points Wozniak made about cryptocurrency during this interview:
- Certain countries have even prohibited the use of cryptocurrency and blockchain technology… In my opinion, it is frequently used to defraud people these days. I plan on launching a cryptocurrency.
I’m going to hire an engineer who knows how to make it, and I’m going to enlist the help of a celebrity… and we’re going to issue the Kim coin — Kim Kardashian — or something along those lines.
That is a heinous example… The founders then immediately extract millions of dollars from their investors.”
- “NFTs are also included in this category. The sheer number of people duped by cryptocurrency and NFTs is mind-boggling. Bitcoin is now secure because it is the colossal elephant on the block. Isn’t that correct? “Go for the big ones; they’ll come,” conservative philosophy says.
- “First, I bought a small amount of Bitcoin to show how to use this new technology… how to make an online purchase.” And I triumphed over it. And how do you shop when you’re not in your home country?
And how would you pay for something as simple as a donut in another country? Where do you go to find a Bitcoin ATM? And I want to experiment and learn everything, which is why Bitcoin’s value has skyrocketed. I panicked and sold all but one of my Bitcoin.
- “My goal was to have enough to experiment and play with, but not enough to profit from, and it’s skyrocketed and profited twice.
” In addition, I recently predicted that Bitcoin would reach $100,000… I’m not sure where that sensation comes from. I’m at a loss as to how to proceed.” The level of interest tells me a lot about it.”