[2018-08-22] Apple Co-Founder: Crypto World “Like the Internet When it was Brand

Betwrong

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I stand with Ukraine.

Quote from: bbc.reporter on August 23, 2018, 06:49:10 PM

Quote from: Betwrong on August 23, 2018, 05:26:08 AM

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

Absolutely. In fact, we are in a funny situation when some people still don't know that there's no future without crypto, while others, who know this, think it's too late to jump in. I remember talking to a guy in May 2017, when Bitcoin was $1,700+, and he said to me that he would definitely buy if BTC was below $1k but not when it was at its "peak price". Well, it was the peak price at the time, but we all know what happened next.

The people with that type of attitude are the ones who look to buy something else to speculate in. I also had the same type of thinking towards bitcoin when I invested in Aeon for the first time. I thought bitcoin was overpriced and looked at altcoins. What a mistake hehehe.

Yeah, I too made couple of mistakes like that. Only I wasn't buying other cryptos but was selling BTC when it hit $620. After more than a year of BTC staying under $300 I thought it was a great price to sell. Now I know it was a big mistake, considering that I even didn't need the $200 I got from selling my 0.3 at the time, I just thought Bitcoin would go under $300 again soon. Steve Wozniak wouldn't do that.

As I see from the article he believes in Bitcoin with all his heart. And here's what he said in his earlier interview in June:

Quote

"Bitcoin, because it is regulated in its quantity, it's down to supply and demand. And as more and more people want it and demand it... there's no extra supply. It's limited. In terms of dollars, Bitcoin will go up and up over time."

If there are people worth listening to, I think Wozniak is definitely one of them.

carlfebz2

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Quote from: bbc.reporter on August 23, 2018, 06:49:10 PM

Quote from: Betwrong on August 23, 2018, 05:26:08 AM

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

Absolutely. In fact, we are in a funny situation when some people still don't know that there's no future without crypto, while others, who know this, think it's too late to jump in. I remember talking to a guy in May 2017, when Bitcoin was $1,700+, and he said to me that he would definitely buy if BTC was below $1k but not when it was at its "peak price". Well, it was the peak price at the time, but we all know what happened next.

The people with that type of attitude are the ones who look to buy something else to speculate in. I also had the same type of thinking towards bitcoin when I invested in Aeon for the first time. I thought bitcoin was overpriced and looked at altcoins. What a mistake hehehe.

Shit do happens and I believe most of us did really commit this kind of mistake which is inevitable.Due to unpredictable nature of bitcoins potential these are most likely to happen.Its too late to regret but it wont really be a late time for you to set yourself in with the trend.I completely agree that BTC is really going the same path wayback when Internet was just starting up.

mazdafunsun

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As most of us here, I believe that this is true and we are still in early satages of blockchain evolution. I would like to add that there is no doubt that ICOs at this current form will not last long, there is too little that investors gain after buying tokens, just the potenital of profit and sometimes there is some very little use for them.

Note that it would not be fair to compare the internet's evolution time scale to blockchains . It is possible that blockchain is evolving in slower pace.

bbc.reporter

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Quote from: Betwrong on August 23, 2018, 05:26:08 AM

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

Absolutely. In fact, we are in a funny situation when some people still don't know that there's no future without crypto, while others, who know this, think it's too late to jump in. I remember talking to a guy in May 2017, when Bitcoin was $1,700+, and he said to me that he would definitely buy if BTC was below $1k but not when it was at its "peak price". Well, it was the peak price at the time, but we all know what happened next.

The people with that type of attitude are the ones who look to buy something else to speculate in. I also had the same type of thinking towards bitcoin when I invested in Aeon for the first time. I thought bitcoin was overpriced and looked at altcoins. What a mistake hehehe.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

I think that we're still in the early 90s. There is a chart of BTC penetration compared to internet penetration in the 90s and it's more or less the same. If you don't believe just think about how many people own BTC. It's not even 1%. More people actually had Internet access in the early 90s.
I wonder how long it will take for BTC to reach that 1% worldwide. The Internet needed at least 20 years to become recognized by the masses. Btc did much more in much shorter time thanks to the flow of information that the Internet gave us, but it's still going slow IMO.

jjacob

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Quote from: ivanpoldark on August 22, 2018, 01:02:11 AM

“Mathematics to me is like nature,” Woz continued in his admiration for Bitcoin. “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.”

People who love mathematics are the ones who really recognize the elegance and potential of Bitcoin. Comparisons of the crypto world with the initial days of internet might sound a bit extreme, but if cryptos take off, they could become as ubiquitous and indispensable as the internet itself.

rodskee

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Another good news for cryptocurrency enthusiasm this statement came from the popular person
Shows that crypto has possible to become dominant currency And hoping this inspirational thought from the co-founder of apple help to gain crypto Increase their value in the world market

Betwrong

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I stand with Ukraine.

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

Absolutely. In fact, we are in a funny situation when some people still don't know that there's no future without crypto, while others, who know this, think it's too late to jump in. I remember talking to a guy in May 2017, when Bitcoin was $1,700+, and he said to me that he would definitely buy if BTC was below $1k but not when it was at its "peak price". Well, it was the peak price at the time, but we all know what happened next.

bbc.reporter

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@cr1776. Hehe you do not reckon that the cryptospace will have an image of legitimacy on the mainstream in the years coming? How would you compare the beginnings of the internet to the cryptospace? Are the scams more wodespread in our community?

cr1776

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Quote from: bbc.reporter on August 22, 2018, 07:14:44 PM

I reckon it will begin to be good to invest in the cryptospace again when it removes the scammers and starts replacing them with the real engineers, developers and computer scientists like Woz.

There are scammers everywhere and real engineers, developers and computer scientists are involved - who do you think was writing the software, running the cpu and gpu miners pre ASICs? Lots of people in those groups.

Many are still around.

cr1776

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Quote from: AXELNetwork on August 22, 2018, 11:19:01 AM

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

So...we have a huge crash coming around the corner? Wink

Yes, early 2018.

Of course if you didn't track the dollar price between August 2017 and now you'd be quite happy.

entrepmind23

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Quote from: timerland on August 22, 2018, 07:07:08 PM

All other fiat currencies are issued and controlled by a single entity, the central bank of some country. These entities are able to issue more of the fiat currency whenever they like, essentially, and leads to depreciation of the value of the fiat currency over the long term on a huge scale, as we see time and time again with countless fiat collapses, like the Venezuelan Bolivar, Zimbabwean dollar, and others.

When something can be made in an unlimited manner like fiat money then it would eventually lose its value because no one can stop it even if we say there are central banks that control it but still, humans are just unsatiable beings wanting to increase its fortune which would backfire because as the quantity increases, its value decreases in which bitcoin is superior to it because it cannot be added so if the demand continues, it would just increase in value.

Quote from: timerland on August 22, 2018, 07:07:08 PM

Bitcoin is different. It's trustless and decentralized. And with the current low adoption levels, the analogy of the internet in its early days is definitely accurate.

I do believe that the comparison to internet is on the spot since people thought at first that internet would be gone after a few years. People are always doubtful when it comes to things something new because it might just be a fad like what others believe of bitcoin and then just blurt out what they have seen or heard from the media without actually knowing the thing. When they see their families or friends using it, they would want to try it too and that would be mass adoption.

bbc.reporter

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I reckon it will begin to be good to invest in the cryptospace again when it removes the scammers and starts replacing them with the real engineers, developers and computer scientists like Woz.

timerland

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Quote

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.

This is ultimately what makes bitcoin such a good store of value, in my opinion.

All other fiat currencies are issued and controlled by a single entity, the central bank of some country. These entities are able to issue more of the fiat currency whenever they like, essentially, and leads to depreciation of the value of the fiat currency over the long term on a huge scale, as we see time and time again with countless fiat collapses, like the Venezuelan Bolivar, Zimbabwean dollar, and others.

Bitcoin is different. It's trustless and decentralized. And with the current low adoption levels, the analogy of the internet in its early days is definitely accurate.

hatshepsut93

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Quote from: figmentofmyass on August 22, 2018, 03:56:41 PM

Quote from: ivanpoldark on August 22, 2018, 01:02:11 AM

“Mathematics to me is like nature,” Woz continued in his admiration for Bitcoin. “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.”

wow, he actually gets it. it was a real turning point for me when i realized what a breakthrough math-based money is. total transparency and predictability vs. the fallibility and corruption of humans.

we'll see in the coming years how resilient bitcoin is, and whether it's truly "immune" to the manipulation wozniak mentions here. after all, it only takes a hard fork. Wink

We already had a ton of hard forks, but so far Bitcoin community showed a great amount of unity and devotion to Bitcoin's principles. Maybe it will change in the future, because Bitcoin community becomes less cypherpunk/anti-establishment as it grows, but even if some malicious hard-fork will succeed, the original chain will still live as long as someone will be using it, it will just have less value. We should try to educate newcomers about Bitcoin's roots, but also should be ready for any worst-case scenarios.

figmentofmyass

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Quote from: ivanpoldark on August 22, 2018, 01:02:11 AM

“Mathematics to me is like nature,” Woz continued in his admiration for Bitcoin. “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.”

wow, he actually gets it. it was a real turning point for me when i realized what a breakthrough math-based money is. total transparency and predictability vs. the fallibility and corruption of humans.

we'll see in the coming years how resilient bitcoin is, and whether it's truly "immune" to the manipulation wozniak mentions here. after all, it only takes a hard fork. Wink

AXELNetwork

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Quote from: yatsey87 on August 22, 2018, 11:29:09 AM

Quote from: AXELNetwork on August 22, 2018, 11:19:01 AM

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

So...we have a huge crash coming around the corner? Wink

LOL. You could probably argue that that already happened.

Fair enough, hopefully it's the last one and it's all up from here!

yatsey87

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Quote from: AXELNetwork on August 22, 2018, 11:19:01 AM

Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

So...we have a huge crash coming around the corner? Wink

LOL. You could probably argue that that already happened.

AXELNetwork

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Quote from: cr1776 on August 22, 2018, 11:13:57 AM

I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

So...we have a huge crash coming around the corner? Wink

cr1776

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I agree. Certainly in 2010 and 2011, it felt like the internet in 1992 and 1993. It seems more like the late 1990s right now, but that was still a great time to be involved.

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