Apple co-founder Steve Wozniak says Bitcoin is “the one one which’s pure-gold arithmetic.” He’s skeptical of most different cryptocurrencies. As well, Wozniak is a fan of the metaverse however is much less obsessed with 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 stated:
There’s so many cryptocurrencies that come out now. Everyone has a option to create a brand new one, and you’ve got a star star with it. It looks as if they’re simply amassing a bunch of cash from individuals who wish to make investments on the very earliest stage, when it’s price pennies.
Wozniak is additionally famous that some folks purchase cryptocurrencies as a result of they don’t seem to be conscious of the potential windfalls. “Then they only fold,” he stated.
Whereas he’s a fan of the metaverse, he’s much less obsessed with non-fungible tokens (NFTs) and cryptocurrencies, the publication conveyed. He stated that for probably the most half, they’re “so up within the air,” stressing that they have a monitor document 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 identity and likeness. Nonetheless, a decide dominated final yr that “Youtube and its mum or dad, Google LLC, are protected by the federal legislation that shields web platforms from duty for content material posted by customers.”
Bitcoin giveaway schemes proceed to rip-off traders on varied social media platforms. Wozniak shouldn’t be the one scammers prefer to characteristic. Tesla CEO Elon Musk, his firm Spacex, Microsoft co-founder Invoice Gates, Apple CEO Tim Prepare dinner, Berkshire Hathaway’s Warren Buffett, and lots of different celebrities have additionally been present in pretend crypto giveaways.
In February, the truth TV sequence Unicorn Hunters, which Wozniak is concerned in, launched its personal cryptocurrency referred to as unicorn. Unicorn Hunters encompasses a group of traders referred to as the “Circle of Cash” and entrepreneurs who pitch their companies in the hunt for funding funds. Wozniak is among the judges in the present.
Unicoin offers holders dividends and fair 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 lots.
Wozniak defined that unicoin is extra conservative than most different cryptocurrencies as a result of it being backed by skilled funding choices. “A token’s flaky by itself. It might even be price zero,” Wozniak stated. “I’m hoping unicoin’s very profitable, however, no less than it’s not based mostly on zero, simply based mostly on phrases and speak. It’s actually based mostly on the end result of investments.”
Concerning bitcoin, the Apple co-founder stated the cryptocurrency is:
[The] just one that’s pure-gold arithmetic.
This was not the primary time Wozniak praised Bitcoin. In July final yr, he stated Bitcoin is a “mathematical miracle.” In October, he stated that the most important crypto is “mathematical purity.”
Nonetheless, Wozniak is anxious that governments might disallow bitcoin and different cryptocurrencies. “The difficulty is governments won’t ever permit it to be out of their management. If it bought to the purpose the place the whole lot is being achieved in crypto and didn’t go by way of governments for statement and taxation and all that, governments would simply disallow it. They wouldn’t hand over their energy,” he warned.