Steve Wozniak: Bitcoin is mathematical

BitcoinFX

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Quote from: Wesley Gardner on July 16, 2018, 06:38:03 AM

That logic tho...

var bitcoin = mathematical; var Woz = mathematician; var btcNum = 21,000,000; var btcSystem; var otherSystems;

if (bitcoin == mathematical && Woz == mathematician && btcNum == 21,000,000) { btcSystem > otherSystems };

+1 Merit! ... Cypherpunks write code! var Woz Grin

How much gold is there in the world?
- https://www.bbc.com/news/magazine-21969100

The Monetary System Visually Explained
- https://youtu.be/aXiNZWJKnVI

...

Still, not as mathematical as gapcoin or primecoin though perhaps.

Sema1984

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Agree, bitcoin is something techical that avoids human participation

Wesley Gardner

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That logic tho...

var bitcoin = mathematical; var Woz = mathematician; var btcNum = 21,000,000; var btcSystem; var otherSystems;

if (bitcoin == mathematical && Woz == mathematician && btcNum == 21,000,000) { btcSystem > otherSystems };

Giles Goodman

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His entire fortune and career is based off of dumbing things down for people who can't do things for themselves. This quote is par for the Wozniak course. Hopefully people listen to him and not that LSD-smoking Jobs guy. He's been quiet for a while though, think he sold his stock and ran for the hills iirc.

bitcoinman93

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Quote from: ser54gold on April 15, 2018, 04:48:05 AM

Apple co-founder Steve Wozniak: “Bitcoin is mathematical. I am a mathematician. There are only 21 million. It is more legitimate than other systems”

What do you think about that?

https://i.imgur.com/oS97ptT.jpg

It's the important aspect of bitcoin indeed. That also bring scarcity into the system, which is very important yet not common with fiat currencies that are being freely printed as we speak

waitforme

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I see this as a bit of a Bitcoin supporter. Bitcoin has a maximum supply of $ 21 million, and it can not add so that inflation or abuse can hit Bitcoin. In the future Bitcoin will be used by people and used instead of dollars.

mazesta

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Quote from: Xester on April 15, 2018, 08:46:53 AM

This kind of number for a coin is good, it is not too much but it is not too low. This number compared to the possible number of users will bring a great vale to bitcoin. The higher the demand coming from the people and with the limited number of bitcoin, this tendency is the main reason why the bullish people have predicted bitcoin to even reach 1 million dollar.

Correct and if it's written right, when bitcoin can not be mine, the price will increase sharply, because the demand is high and the number is small.
but this can happen if bitcoin is still in demand by many people, I do not know why nowadays there is a lot of oblique news about bitcoin, it makes people less interested in bitcoin ..

drm

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Quote from: ser54gold on April 15, 2018, 04:48:05 AM

Apple co-founder Steve Wozniak: “Bitcoin is mathematical. I am a mathematician. There are only 21 million. It is more legitimate than other systems”

What do you think about that?

Nice one, but with guys like this you never know, you can probably hear him say the total opposite next week.

sitnibtc

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He is right. Bitcoin will soon reach that 21 million. Supply will be limited and the demand in the future surely will increase as the world shifts to globalization and e-commerce. And with this limited supply, the price will surely skyrocket in the future.

btc78

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Quote from: doublecoins on June 01, 2018, 01:03:18 PM

Steve Wozniak is genius they are few in this world who can truly understand the potential of Bitcoin and cryptocurrencies so he is the one

Well i hope that this has been released for the truthfulness of everything and not just to gain attention from bitcoin supporters

I believe in this man as i have been following him for almost a year now and all i can say is this person is a skilled and knowledgeable in everything he will delivers so when he said a thing i know he mean it

batang_bitcoin

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Quote from: shackleford on July 15, 2018, 07:14:22 AM

Steve, a well-known personality in the Silicon valley, but not worth it to him to stare. Perhaps Apple will release its cryptocurrency. therefore, he speaks neutral about Bitcoin, because it is not included in his plans. I think he's pursuing goals he's not talking about yet. In principle, Bill Gates, too, as neutral speaks of bitcoin.

He don't speak that much about bitcoin? well...

Apple co-founder Steve Wozniak hopes bitcoin will become a single global currency

If Apple has ever plan of making their own crypto that will be absurd in their own understanding as there's only a need for one crypto to become the global payment currency.

Winifredinme825

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Wozniak continues to compare bitcoin with home ownership: "Your home is a value. It's a digital code and numbers and graphs work in the marketplace, that's the rules. of mathematics.

shackleford

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Steve, a well-known personality in the Silicon valley, but not worth it to him to stare. Perhaps Apple will release its cryptocurrency. therefore, he speaks neutral about Bitcoin, because it is not included in his plans. I think he's pursuing goals he's not talking about yet. In principle, Bill Gates, too, as neutral speaks of bitcoin.

NereuFajardo

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Of course that it is mathematical, it is just a bunch of numbers that are protected by a private key, and they can not be cracked because it is impossible to crack a private key, that is why everybody in here is crazy about teh way that it works

Catch-22

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The Woz knows what he’s talking about. Not all geniuses like bitcoin. Good to know Steve Wozniak is on our side.

charlzyeby

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Currency and economics depend strongly on mathematical principles to make great impact. Bitcoin as compared to the fiat system of banks has as little disadvantages as possible. Steve Wozniak clearly knows how blockchain works and the potential in this technology to herald a new era of money system.

FavoriteBinolo

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I don't know whether or not we can believe the media, but the basic idea stands to reason (irrespective of whether it was Woz who said it or not Wink

)

mrcash02

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Quote from: boy130 on July 08, 2018, 07:02:11 PM

Seems like a complete empty statement, yes bitcoin is the result of a mathmatic algorithm as are nearly all currencies if you get down to the nitty gritty, and the cap is limited to 21m, but this doesn't in and of itself give bitcoin value. There have been plenty of cryptography based coins that have zero value, despite having total supplies under 21m. I don't believe he said this, or at least I think it is lacking context, please provide a source.

I think it means Bitcoin supply is limited, what is good because it makes the whole system works naturally, protected against any kind of governments interventions (governments like to "solve" a crisis printing more money, what doesn't really solve anything). This Bitcoin's feature isn't only good and responsible, but also a differential compared to any other official currency in the world.

boy130

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Seems like a complete empty statement, yes bitcoin is the result of a mathmatic algorithm as are nearly all currencies if you get down to the nitty gritty, and the cap is limited to 21m, but this doesn't in and of itself give bitcoin value. There have been plenty of cryptography based coins that have zero value, despite having total supplies under 21m. I don't believe he said this, or at least I think it is lacking context, please provide a source.

Marcommaso

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The define supply configure a deflactive scenario, in which during the time bitcoin will rise it value because some people will forget private key, destroy hard drive ecc, so the maximum supply will not be 21m but decrease, and remaining coins will be like the highlanders Grin

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