Topic: [2018-08-22] Apple Co-Founder: Crypto World “Like the Internet When it was Brand (Read 276 times)

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:


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

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.

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.

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.

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.

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.

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

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.

@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?

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.

Yes, early 2018.

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

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.


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.

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.

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.

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.

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.

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

LOL. You could probably argue that that already happened.

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

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 certainly share his enthusiasm. I've often compared bitcoin to like the birth of computers or the internet or even big companies like Apple and Microsoft. They all changed the world and those who invested in early reaped the rewards later on. Bitcoin obviously isn't a company and needs both computers and the internet to work, but I see it as like the next best technological advance, or at the very least the future or even evolution of money.

Feels so good when someone like Woz validates what crypto enthusiasts believe. Though he has also expressed skeptical views about blockchain in the past, this was refreshing to read  .

Steve Wozniak, co-founder of Apple along with Steve Jobs, recently announced his participation in a crypto startup. During the interview, Mr. Wozniak (Woz) also spoke about cryptocurrencies and why he is excited about their prospects for the future.

Apple’s Wozniak is Very Excited About Cryptocurrencies and their Future

“I like to keep up with things,” Steve Wozniak, 68, famed computer engineer and co-founder of Apple explained at the Chainxchange blockchain convention recently in an interview. “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.”

Woz is best known in computer history lore as the right hand man to business visionary Steve Jobs. The two founded Apple, presently the most valuable company in human history, in 1976. Mr. Jobs handled the entrepreneurial aspects such as financing, Woz was the brains, building personal computing revelations, ushering in an industry that literally changed everything.  

“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.”

Read more: https://news.bitcoin.com/apple-co-founder-crypto-world-like-the-internet-when-it-was-brand-new/