News

Apple’s Steve Wozniak Compared Current State of Blockchain to the Early Days of The Internet.

Earlier this year June, Steve Wozniak, the renowned Apple co-founder had called blockchain tech a “nothing more than a bubble”, even though it is “decentralized and totally trustworthy.” Now, however, it would seem Wozniak has reversed course, as he joins a blockchain startup.

Steve Wozniak has announced that he plans to get “involved” in a blockchain project for the first time. More specifically, this news comes from an interview with Null Transaction earlier this week.

In that interview, He said:

I like to keep up with things… 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.

Now, however, Wozniak would seem to have markedly changed his views, stating that he at first ”did not understand it (blockchain).”

He said Blockchain is not something you understand in a day, Wozniak read more about the inner workings of blockchain technology, learning about verification and the mining process, he told Null Transaction that it suddenly ”all added up”.

Wozniak also compared the current state of cryptocurrency and blockchain ventures to the early days of the internet, stating that there is an abundance of different initiatives being developed that, according to Wozniak, all have value.

However, despite his previously stated views, Wozniak is now taking the plunge and becoming directly involved in blockchain himself.

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency or something phony where an event will make it go up in value. It’s a share of stock, in a company.

Wozniak says that the company is dealing with major investors with a successful track record of infrastructural investments in Dubai and other areas. He listed Malta as a potential location for the company HQ which he stated may be launching in November to coincide with the island’s blockchain summit.

Wozniak concluded the discussion by explaining his stance on platforms like Ethereum. He sees the use of Ethereum similar to that seen on Apple, with thousands of companies developing their own applications on the platform.

Share now