Apple co-founder Steve Wozniak has joined the list of tech entrepreneurs who are lending their weights behind cryptocurrencies.
Apple co-founder Steve Wozniak has joined the list of tech entrepreneurs who are lending their weights behind cryptocurrency. According to Wozniak, the virtual currency offers an “awful lot of promise”. And Bitcoin, which is the largest cryptocurrency, is “mathematically pure”.
Apple co-founder Steve Wozniak spoke about cryptocurrency in an interview with Yahoo Finance on Friday. He was asked: “Are you a believer in cryptocurrencies?”
Steve Wozniak replied: “Crypto has a lot of promises through the blockchain of different things it can do differently than before in life, even elections. It has a very reliable format and it is not easily modified as humans control it.”
“Look at our US dollars, the government can just create new dollars and borrow and borrow. Bitcoin doesn’t even have a creator that we know about. Bitcoin isn’t run by some company. It’s just pure math. I think nature has always outdone humans.”
Steve was also asked if he thought encryption would change the way we work on a daily basis.
“Yes, I’m in that camp where crypto will be used effectively. We now have many digital ways to pay for things, even just to transfer money to people. It goes back to Paypal, and now we have Apple Pay and Apple Cash. We have Venmo. So we have Already other modes of encryption.
However, Wozniak said: “Crypto has a bit of anonymity. I don’t know if it’s true, ‘Oh my God I can do things without people knowing.’ I think whatever you do in life should be. able to stand up and say, “Okay, that’s me doing this deal.” And with Encryption, it’s hard to keep track of who’s doing what. Although it is possible.”
Wozniak added: “I like it when people like Jack Dorsey talks about how cryptocurrency should be at the heart of our business dealings.” At the same time, the Apple co-founder warned: “The problem is that governments will not allow it to get out of their control. If it gets to the point where everything is done in crypto and doesn’t go through governments for surveillance, taxes and all that, governments won’t allow it. They will not give up their power.”
In December last year, Wozniak had launched his second company after Apple called Efforce, a blockchain-based enterprise in the energy efficiency space. According to a company statement, Efforce is a marketplace that enables companies to undertake energy efficiency measures at no cost so that they can invest their liquidity in more critical tasks. The company had also launched its own cryptocurrency called WOZX to securitize energy savings. While Apple has been looking at engaging with cryptocurrencies. Among public companies MacroStrategy followed Tesla, Square, Marathon Digital Holdings, etc., hold the highest amount of Bitcoins, as per Bitcoin Treasuries.
