Steve Wozniak – the co-founder of Apple – has long been a fan of bitcoin and crypto. In a recent interview, he referred to bitcoin as one of the biggest mathematical miracles of all time. Steve Wozniak Believes in Bitcoin Calling it “pure-gold mathematics” to be precise, Wozniak made it clear that while he loves bitcoin and the technology that supports it, there are other elements of the digital currency arena that he’s not too fond of, non-fungible tokens (NFTs) being one. In a recent interview, he referred to these tokens – as well as other tools and products available in the crypto space – as “rip offs,” and said that often the people establishing them are ruthless and “unscrupulous.” Wozniak stated: There are so many cryptocurrencies that come out now. Everybody
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Steve Wozniak – the co-founder of Apple – has long been a fan of bitcoin and crypto. In a recent interview, he referred to bitcoin as one of the biggest mathematical miracles of all time.
Steve Wozniak Believes in Bitcoin
Calling it “pure-gold mathematics” to be precise, Wozniak made it clear that while he loves bitcoin and the technology that supports it, there are other elements of the digital currency arena that he’s not too fond of, non-fungible tokens (NFTs) being one. In a recent interview, he referred to these tokens – as well as other tools and products available in the crypto space – as “rip offs,” and said that often the people establishing them are ruthless and “unscrupulous.”
Wozniak stated:
There are so many cryptocurrencies that come out now. Everybody has a way to create a new one, and you have a celebrity star with it. It seems like they’re just collecting a bunch of money from people who want to invest at the very earliest stage when it’s worth pennies.
No doubt the crypto space has come a long way over the past few years. Many companies now accept digital assets as methods of payment, and the executive branches of countries like the United States are looking at implementing orders and regulations that will allegedly steer the space in a new direction.
In addition, bitcoin itself – the king of all crypto – is no longer looked at as simply a speculative asset that can make one rich overnight if the right hand is dealt. Now, bitcoin is taking on the form of a hedge tool; something that can keep one’s wealth stable during times of economic strife.
But to say that it’s all been roses and lollipops would be a false statement. The fact is that despite all this progress, bitcoin and the crypto world have a lot of gaps to close. There have been many examples of fraud out there along with rug pulls galore, in which a token is created, people invest, and the executives run off with millions of dollars before anybody even knows what happened.
But in the mind of Wozniak, none of this can mar bitcoin too much. He says the math behind bitcoin can potentially explain its stability. This makes the currency bear many similarities with gold, and he believes the “store of value” arguments that have long been behind bitcoin are true and that bitcoin helps to prevent counterfeiting given it has a fixed supply.
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He explained:
Bitcoin isn’t run by some company. It’s just mathematically pure, and I always believe in nature over humans.
Not long ago, as a judge on the reality competition “Unicorn Hunters,” Wozniak and the public were introduced to a cryptocurrency called Unicoin, which he says has opened up the world of “startups to the masses.”