February 02, 2018

Steve Wozniak: Bitcoin Is Better Than GOLD And USD/Bounds

The theme of Bitcoins has been one of those which has given the discussion the most time. There are those who see advantages, but many also see negative points in this cryptocurrency.

Steve Wozniak, the co-founder of the tech giant Apple thinks that the Bitcoins are better than the Gold and the Dollar.

Whether you like it or hate it, Wozniak is often controversial in his claims. This time, in an interview with CNBC, the tech giant Apple’s co-founder says Bitcoins are better for value storage compared to Gold and the Dollar.

For him, the main advantages of this cryptocurrency are the fact of having a finite and predictable storage as well as being resistant to manipulations, making it almost inviolable.

Comparing Bitcoin as a home, Woz points out that it does not matter whether the price goes up or what the government taxes because the house would continue to exist as a stable asset that can not be diluted and its value, will depend on what is done.

In turn, it considers that the Dollar is bound to fail due to centralized government control over its use and quantity since the government can at any time print a few more notes and make them available in the market, which will cause the value of the currency to decrease.

On the other hand, as for Gold, Wozniak says that the value of this may vary according to the technological advances that develop new forms of mining. Thus, seen from this perspective, the Bitcoins turn out to be much more profitable assets.

Wozniak has also stated that Blockchain technology has many advantages especially for sectors such as finance and mining, giving the example that with this technology assets can be traced, unlike what is happening today.

Woz also left a note on Ethereum, a platform for developing applications for Blockchain technology, saying that it opened up a new world through smart contracts and decentralized applications, allowing programmers to create content with almost unlimited possibilities.
But, Wozniak sold all his Bitcoins!!! Because?

On the other hand, during the Nordic Business Forum in Stockholm on January 24, 2018, Wozniak said that he recently sold all his Bitcoins.

The reason, according to him is:-

“I do not want to be one of those people who just watch the number”.

Wozniak bought his Bitcoins, out of curiosity, when they were worth $700 per coin. However, he says he sold the Crypto-Coins because he was fed up with all the hype around the price of them, by the time the Bitcoins hit a record $20,000 per coin in the fall.

“When the price of Bitcoin rises, I do not think I want to be one of the people who care about numbers all day, and I do not want to worry about these things in my life.

Part of my happiness is not to have worries, so I sold it and just got rid of it”.

Finally, Wozniak says his goal is to travel to places like Stockholm and go to restaurants and hotels that only accept Bitcoins, allowing him to use only these crypto-coins in his travels. As for its dynamics with money, Woz states that:-

“I’ve never been to money in any way. I’ve never used Apple’s stock app, I do not buy and sell stock”.
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