Apple co-founder Steve Wozniak, a computer engineer and inventor, is explaining why he trusts Bitcoin and its underlying technology over our current financial system.
“Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year. Bitcoin was immune to that.”
Speaking with Zane Huffman of NullTX at the ChainXChange blockchain convention in Las Vegas, Wozniak also revealed his involvement in blockchain startup Equi.
The Equi platform, along with its Ethereum-based tokens, also known as the “British Bitcoin”, aims to distinguish itself from today’s tsunami of crypto projects by representing shares of real physical and tangible assets.
Wozniak said it’s his first involvement in a blockchain company. He characterized the blockchain community as a valuable space where innovators are rewriting how business is transacted and how value is distributed. It’s also reshaping the rules on how people can gain access to investment opportunities, stripping away the traditional venture capital, walled-garden model that shuts out people of modest means.
With all of the seismic shifts, the number of early adopters with the imagination to envision new systems, he concludes, is small.
“I’ve encountered people working in real estate avenues, types of Uber systems, everything we’ve got in our life, especially involving transactions – retail sales, car sales, manufacturing of goods… working on Bitcoin applications… and they all have value. Every single one you hear about, to me, has value…. A few people can see the value, which reminds me very much of the early internet days.”
Wozniak attended the ChainXChange blockchain convention along with cryptocurrency analyst Tom Lee of Fundstrat, economist Paul Krugman and many others.