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

Apple Co-Founder Steve Wozniak on Crypto: Bitcoin Is 'pure-gold mathematics'

Apple co-founder Steve Wozniak says Bitcoin is “the one one which’s pure-gold arithmetic.” He is skeptical of most different cryptocurrencies. In addition, Wozniak is a fan of the metaverse however is much less passionate about non-fungible tokens (NFTs).

Apple’s Steve Wozniak Praises Bitcoin

Apple co-founder Steve Wozniak talked about cryptocurrency in an interview with the Insider, revealed final week. He mentioned:

There’s so many cryptocurrencies that come out now. Everybody has a technique to create a brand new one, and you’ve got a celeb star with it. It looks like they’re simply accumulating a bunch of cash from individuals who wish to make investments on the very earliest stage, when it’s value pennies.

Wozniak additionally famous that some folks purchase cryptocurrencies as a result of they aren’t conscious of the potential windfalls. “Then they only fold,” he mentioned.

While he’s a fan of the metaverse, he’s much less passionate about non-fungible tokens (NFTs) and cryptocurrencies, the publication conveyed. He mentioned that for essentially the most half, they’re “so up within the air,” stressing that they’ve a observe file of being “rip-offs.”

Wozniak has had first-hand expertise battling crypto scams. In July 2020, he sued Youtube and Google for selling bitcoin giveaway scams utilizing his identify and likeness. However, a choose dominated final 12 months that “Youtube and its mother or father, Google LLC, are protected by the federal regulation that shields web platforms from duty for content material posted by customers.”

Bitcoin giveaway schemes proceed to rip-off buyers on numerous social media platforms. Wozniak is just not the one one scammers wish to function. Tesla CEO Elon Musk, his firm Spacex, Microsoft co-founder Bill Gates, Apple CEO Tim Cook, Berkshire Hathaway’s Warren Buffett, and lots of different celebrities have additionally been present in pretend crypto giveaways.

In February, the fact TV sequence Unicorn Hunters, which Wozniak is concerned in, launched its personal cryptocurrency known as unicoin. Unicorn Hunters encompasses a group of buyers known as the “Circle of Money” and entrepreneurs who pitch their companies in quest of funding funds. Wozniak is likely one of the judges on the present.

Unicoin gives holders with dividends and fairness positions from the portfolio of startups that the present invests in. The Apple co-founder described:

It’s actually opening up the world of startup funding to the plenty.

Wozniak defined that unicoin is extra conservative than most different cryptocurrencies as a result of it’s backed by skilled funding selections. “A token’s flaky by itself. It might even be value zero,” Wozniak mentioned. “I’m hoping unicoin’s very profitable, however not less than it’s not primarily based on zero, simply primarily based on phrases and discuss. It’s actually primarily based on the end result of investments.”

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

[The] just one that’s pure-gold arithmetic.

This was not the primary time Wozniak praised Bitcoin. In July final 12 months, he mentioned Bitcoin is a “mathematical miracle.” In October, he mentioned that the biggest crypto is “mathematical purity.”

However, Wozniak is anxious that governments might disallow bitcoin and different cryptocurrencies. “The hassle is governments won’t ever enable it to be out of their management. If it bought to the purpose the place all the things is being executed in crypto and didn’t move by means of governments for commentary and taxation and all that, governments would simply disallow it. They wouldn’t quit their energy,” he warned.

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