Wozniak Believes In Bitcoin But Not In Blockchain

We know Steve Wozniak likes Bitcoin: He has talked about his love for this crypto-currency on many platforms until now. But we recently learned that he does not like the blockchain technology – in fact, Wozniak believes that blockchain is a “bubble”. In an interview he made a few days ago, he said that he always thought the same: Wozniak believes Bitcoin will be a global currency, but he thinks that blockchain technology will not “go any further than this”. The biggest reason for this is the over-promise and under-delivery problem of blockchain start-ups’: Innovative ideas die before they can bloom.

However, Wozniak likes Ethereum and defines it as the “next Apple”. Wozniak believes that Bitcoin will be a global currency and Ethereum will be a robust platform: “Bitcoin is mathematically defined, there is a certain quantity of it, there is a method in its distribution … it is pure and there is no human interaction, there is no company at the top controlling things, it’s just growing and surviving… That is a natural thing and nature is more important than all our human conventions. I favor bitcoin and ethereum — the former as digital gold, the latter as a robust platform that could be the next Apple.”

Well, Donald Trump Thinks The Opposite

Let’s also say that Wozniak sold all of his Bitcoin, even though he has a certain “love”. Prices have changed so fast that Wozniak scared and sold all his savings in a moment of “panic”. Right now, he is the proud owner of only one BTC: “All of the sudden the price went down, then way up. I got scared, and sold everything but one bitcoin.”

You may find it interesting that Donald Trump thinks the opposite: He likes the blockchain technology but not the Bitcoin. His financial advisor, Gary Cohn, says that “I’m not a big believer in bitcoin. I am a believer in blockchain technology. I do think we will have a global crypto-currency at some but it won’t be based on mining costs or cost of electricity or things like that.” Ok, these are not the words of Donald Trump but several sources claim the President also thinks the same way. In fact, as long as it is easier to use than Bitcoin, Mr. Trump seems to support the idea of a global currency.

What do you think? Is it possible to love Bitcoin but hate the blockchain technology? Share your thoughts with us.

Leave a Comment