Apple co-founder Steve Wozniak says many cryptocurrencies are robberies, but only one is ‘pure gold’.
Steve Wozniak thinks many cryptocurrencies are unreliable
The 72-year-old computer scientist befriended Steve Jobs for the company he worked for in 1970. Thanks to this friendship, they took the first step of Apple Computer company together. Known for his inventions and devices that contributed greatly to the personal computer revolution of the 1970s, Wozniak developed the Apple I and Apple II computers in the mid-1970s. The Apple II was a huge success, becoming the best-selling personal computer in the 1970s and 1980s. In addition to holding 4 patents, Steve Wozniak pioneered many developments such as the first programmable universal remote control and wireless GPS technology.
The Apple co-founder says many cryptocurrencies are unreliable and have a history of “robbery”. “There are so many cryptocurrencies coming out right now that everyone has a way of creating a new one and you have a famous star with it,” he said in March 2022.
Wozniak also suggested that people only buy cryptocurrencies because they are blind to potential gains. But he also says that a cryptocurrency overcomes all this.
Apple founder says Bitcoin is ‘pure gold’
Wozniak had brought Bitcoin to the fore in his previous statements. In July 2021, he called BTC “the most amazing mathematical marvel” and said it was better than gold due to its scarcity of verifiable digital. In November of last year, Wozniak said he expects the hard-to-trace nature of cryptocurrencies to be a potential barrier to large-scale adoption. In the meantime, let’s mention that he started a blockchain initiative called Efforce.
Efforce listed the token under the symbol WOZX on Dec. According to the company’s press release, it reached “$950 million in the first 13 minutes, 10 times the listing price.” Wozniak says the company’s goal is to use Blockchain to “improve the way we use energy and reduce energy consumption without changing our habits.”
On the other hand, Apple CEO Tim Cook announced in November last year that he personally owns cryptocurrencies, but that the Cupertino-based company will not be investing in cryptocurrencies anytime soon.
cryptocoin.comAs you follow, Bitcoin (BTC) is about to exceed $17,000 in the new year after a stagnant December. Still, Bitcoin volatility approaches 30-month low
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