“The Woz“: Bitcoin is “pure digital gold“

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(FinancialPress) — Apple co-founder Steve Wozniak recently sold off all of his Bitcoin holdings. Despite how it may look, the man who started the tech company alongside Steve Jobs way back in 1976 did not do so due to a loss of credence in the digital asset.

Quite the opposite – “The Woz“ feels like Bitcoin deserves the utmost faith out of all cryptocurrencies in the market.

“I believe so much strongly in mathematics and purity and science… Bitcoin is mathematically defined. It’s pure. There’s no human and company run in it. To me, that’s natural and more important than human conventions,“ he said during a CNBC interview in the Netherlands. “Only Bitcoin is pure digital gold… All the others tend to give up some of the aspects of Bitcoin—for example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.”

Wozniak‘s first venture into Bitcoin was in 2016, when the cryptocurrency held a $700/unit value. It was but an experiment to him. However, when its price skyrocketed to $20,000 over the end of 2017, the experiment felt too volatile for his taste. Being a first-hand witness of the early 2000 WWW bubble‘s burst, he believes the time to measure Bitcoin against the dollar is not quite here yet.

“There is a huge amount of interest in [Bitcoin] right now, but things aren’t going to change that rapidly. That’s what the internet bubble was about. I never invested in Bitcoin. I was actually a little worried when the price went up. I said to my self, ‘Wait a minute. I only wanted to buy Bitcoin as an experiment. That’s always my purpose. I’m not an investor‘,” said Wozniak, who recently founded “Woz U“ – a new online education platform.

Wozniak‘s wallet

His wallet now holds nothing but 1 Bitcoin and 2 Ethereum tokens. Ethereum is the #2 cryptocurrency in the market – a blockchain-based platform that differs from Bitcoin due to its flexibility. This quality allows developers to build applications around it. This is a strong attribute that differentiates Ethereum from being simply a currency to being a platform of its own, Wozniak feels.

“Platforms tend to grow, because they have got millions of people working on developing applications,” he developed.

 

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Ruben is a South American writer who focuses on the state of the cryptocurrency, cannabis and tech industries worldwide.

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