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Apple Computer, recently sat down with Bloomberg Yousef Gamal El-Din to touch on innovations in finance and technology. He also likened the introduction of smart contract platforms, like Ethereum, to when computers first came out and suddenly people were writing tens of thousands of programs nobody had ever thought of before. They are applying the technology where all the payment can only go to the good, legitimate sources that dont have conflict minerals, he added. With blockchain-based solutions, however, tracking where that gold comes from is now possible. In addition to his single Bitcoin, he also holds two Ether coins the native currency on the Ethereum network. Long-Term Prospects, although Wozniak was hesitant to touch on his long-term expectations for cryptocurrencies in this interview, in a number of other press appearances, he has extensively covered his personal beliefs. The engineer added that he has never invested in any stocks nor used the Apple stock app. Woz added that supplies of gold can be diluted as humans discover more efficient ways of digging it out of Earth. The American technology legend even added that the market drawdown was just a byproduct of human psychology, explaining that fear played a large role in the collapse in BTC, rather than waning fundamentals. But those kind of numbers dont mean so much to Wozniak.
Again, the topic of decentralisation was raised in his assessment: Only bitcoin is pure digital gold and I totally buy into that. Mathematical Appreciation, wozniak said he admired Bitcoin when the digital currency was first presented. When he finally did manage to buy it, the price almost immediately halved. The process, he said was so awkward, it kept me from getting early bitcoin. He said, initially, he had a tough time buying bitcoin because that required setting up a special bank account. He was defrauded out of a quantity of the digital currency when exchanging them back to dollars.
It is important to note that Wozniaks love for this ecosystem isnt only constrained to Bitcoin. Well, how do you avoid it? But, Wozniak says the price was always a secondary concern.
Bitcoin vs banks
Satoshi wanted bitcoin to have certain properties