Steve Wozniak, co-founder of Apple has espoused great praise on blockchain and cryptocurrencies at the WeAreDevelopers World Congress 2018 in Vienna, saying that the technology will achieve its full potential in just 10 years.
Wozniak aka, ‘Woz’, heaped praise on the technology saying that through blockchain, the next IT revolution is about to happen.
He said that his confidence had been gained through a number of useful applications for the technology in many areas. He went on to say that the full potential of bitcoin would be reached in a decade. He also quoted Twitter CEO Jack Dorsey, who said that in the future bitcoin will become the internet’s single currency.
Wozniak is a known bitcoin proponent. At the Money 20/20 conference in Las Vegas in October 2017, he stated bitcoin was better than both gold and the US dollar. Speaking of the dollar, he referred to it as “phony” because ultimately the government could always print more.
The fact that bitcoin is a deflationary currency – meaning that there is a finite supply – is its greatest asset.
However, in spite of his praise, Wozniak also revealed he’d sold all of his bitcoins apart from one. He said he did not want to be an investor or perpetually watch prices like a day-trader. Moreover, Wozniak’s optimism has not protected him in the crypto-space – $60,000 worth of bitcoin were stolen from him in February this year.
The WeAreDevelopers conference has been taking place annually since 2015, and brings together some of the biggest names in technology, this year including Andreas Antonopoulos and Joel Spolsky.
Wozniak himself began his life in technology in the early 1970s when he met Steve Jobs whilst working at Hewlett-Packard. He went on to design the Apple I, the computer which launched the company. Wozniak left Apple in the mid-1980s but continues to represent them at certain events. To this day he continues to be a respected name in the field of IT and computing.
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Alex has been putting words on paper since he was old enough to hold a pen; when he bought his first bitcoin in January 2017, those words discovered their place within crypto as well. He holds a master’s degree in international relations from Leiden University in the Netherlands, and his special expertise lies in European cryptocurrency regulation.