Steve Wozniak made several statements about the technology of blockchain. Apple co-founder believes that the distributed ledger technology is a bubble. However, he also noted that technology has a future potential.
During the NEX technology conference in New York, Wozniak said the dot-com era created a similar buzz around companies that in the end didn’t fulfill their obligations. “It was a bubble, and I feel that way about blockchain,” Wozniak said.
When talking about the strengths of the technology, in his opinion, the blockchain is “decentralized and totally trustworthy.” Wozniak believes that the technology takes some time to fully open its potential: “It doesn’t change in a day, a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”
However, Wozniak is still confident that bitcoin (EXANTE: Bitcoin) is “just amazing” even though it has fallen significantly in price since the beginning of the year. The fact that the entrepreneur is very positive about the most famous cryptocurrency has been known for a long time. Earlier Wozniak agreed with Twitter CEO Jack Dorsey who recently said he believes that bitcoin will become a single global currency because it “is mathematically defined.”
By Ekaterina Ulyanova