Steve Wozniak claims Bitcoin ‘The Only Digital Gold’. - page 3.

rodel caling

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Quote from: Thadeous on June 04, 2018, 04:04:47 PM

According to Cointelegraph: Steve Wozniak: Bitcoin Is ‘The Only Digital Gold’

“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model.”

There are only three questions come to my mind after checking this article:
- when 20k?
- when Moon?
- when Lambo? Grin

Last year december 2017 almost reach 30k usd price value of bitcoin but sad to seen after three weeks bitcoin dump until january 2018 currently price is in the dip but hoping before of this year 20k usd 0r more that price reach of bitcoin.

do not worry still hope bitcoin going to moon again just stay calm and relax the price will goes again and bounce back until that amount you will wish.

funsponge

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Quote from: jerjer on June 05, 2018, 03:59:50 PM

I agree. Many called Bitcoin as gold 3.0. Bitcoin is like a gold that every year the value is rising up. The difference between bitcoin than gold is bitcoin is more profitable because of its very limited supply with a very high demand. Also bitcoin is very volatile, this means huge profit for traders.

I'm not sure why Steve Wozniak even compared it to gold by labeling it as the "digital gold". Bitcoin is completely different to that of gold and is it's unique system that doesn't follow the fundamentals that determine golds value either. Yeah rarity plays a factor but there's so much more to Bitcoin like the Blockchain.

avikz

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Quote from: Thadeous on June 04, 2018, 04:04:47 PM

According to Cointelegraph: Steve Wozniak: Bitcoin Is ‘The Only Digital Gold’

“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model.”

I strongly belive in this point that Mr. Wozniak raised that, altcoins must give up chasing bitcoin and showing some aspects of bitcoin to create their own identity. Most of the altcoins try to copy bitcoin and remain as a failed one. Only altcoins with radically different structure are the successful ones. Also we can't really ignore the fact that bitcoin indeed shows some similar characteristics of gold. So saying bitcoin as a digital gold is not an exaggeration.

Quote

There are only three questions come to my mind after checking this article:
- when 20k?
- when Moon?
- when Lambo? Grin

Lol! We all are waiting for the answers!

Similificator

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Quote from: Thadeous on June 04, 2018, 04:04:47 PM

According to Cointelegraph: Steve Wozniak: Bitcoin Is ‘The Only Digital Gold’

“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model.”

There are only three questions come to my mind after checking this article:
- when 20k?
- when Moon?
- when Lambo? Grin

Lol, everybody really does want to know the answers to those three common questions haha..
But seriously though, I think that the guy named Steve Wozniak is right and does make complete sense. Centralization really might be the only way to promote mass adoption. But the thing is that to us crypto enthusiasts, decentralization is what makes bitcoin a pure digital gold. I really am curious how the future will unfold for this industry.

jerjer

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I agree. Many called Bitcoin as gold 3.0. Bitcoin is like a gold that every year the value is rising up. The difference between bitcoin than gold is bitcoin is more profitable because of its very limited supply with a very high demand. Also bitcoin is very volatile, this means huge profit for traders.

dothebeats

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There are many reasons as to why bitcoin is the only digital gold, and good thing Steve Wozniak, unlike the others, realize that and banks into that. He's been bullish and positive about bitcoin for a long time now unlike Bill Gates and Jamie Dimon who retracted what they said good about the coin and sometimes giving negative remarks to it. He (Steve) understands that bitcoin's flexibility to exist as an investment, hold value and as a currency is important as gold, or can be compared to gold. Sooner or later, everything, especially payments and money, would be embossed on our computer and mobile screens because we'd go fully digital, and bitcoin is the first full realization of it.

funsponge

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Quote from: HabBear on June 05, 2018, 03:07:59 PM

Quote from: Thadeous on June 04, 2018, 04:04:47 PM

- when Lambo? Grin

If you don't have this yet you need to buy more Bitcoin!

I like this article from the great and powerful Woz. It's nice to get the perspective of someone who has led or been at the front of technology innovation for 40 years. There's credibility that comes with his comments that can't come with most other interviewees.

He was successful in a very different field though. He was involved with developing personal computers but nothing with cryptocurrencies. He's no more qualified to speak about it than the economists that you see spouting their bullshit every day to manipulate the market.

He's got credibility but that doesn't really mean he knows what he's talking about in terms of cryptocurrencies.

Al-e_x

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yes, bitcoin is the pure digital gold. but bitcoin is really very valuable than gold, so in the future gold and bitcoin will only be a means of payment, fiat will lose popularity if not using the blockchain system.

no one can answer all your questions. it is about price speculation. and bitcoin difficult to predict. but the general answer of your question is bitcoin will be 20K, will to the moon, and will Lambo when supplies of bitcoin are rare and in high demand.

HabBear

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Quote from: Thadeous on June 04, 2018, 04:04:47 PM

- when Lambo? Grin

If you don't have this yet you need to buy more Bitcoin!

I like this article from the great and powerful Woz. It's nice to get the perspective of someone who has led or been at the front of technology innovation for 40 years. There's credibility that comes with his comments that can't come with most other interviewees.

HelenS

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guess, it's not the only. It's the first and the most popular.

tabas

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Quote from: Thadeous on June 04, 2018, 04:04:47 PM

There are only three questions come to my mind after checking this article:
- when 20k?
- when Moon?
- when Lambo? Grin

These are the questions of the people who aren't really enjoying the knowledge with their bitcoin journey.
- No one knows when we'll be back at $20,000.
- This word is over used I guess.
- When you can avail it.

funsponge

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Quote from: BitcoinNewbie15 on June 05, 2018, 02:28:30 PM

Yeah, Bill Gates is not worried about anything. It's a joke to think that Billionaires who naysay Bitcoin feel threatened by it. They don't feel threatened, at least not yet. Once/if BTC starts gaining more traction for everyday purchases, then they may feel threatened. But right now, to these anti-BTC billionaires BTC is just a highly speculative cockroach.

Even then they could just convert their earnings into Bitcoin. If it ever came to Bitcoin rising and fiat currencies losing their value extremely quickly then they could get out at the first sign of this. These guys have financial advisors and who are analysing the market constantly. I think it's silly to assume these guys are concerned about anything related to money.

aoluain

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I think this feeds into the idea that bitcoin js becoming more of an investment
commodity and a store of value... Like Gold.

Does that not conflict with what he thinks bitcoin will become

Speaking to CNBC at the ongoing Money20/20 conference in Amsterdam,
the veteran developer said he “bought into” comments from Twitter CEO
Jack Dorsey about Bitcoin becoming the “single currency” of both the internet
and the world.

BitcoinNewbie15

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Quote from: funsponge on June 05, 2018, 02:10:00 PM

Quote from: darkangel11 on June 05, 2018, 01:59:13 PM

Quote from: eternalgloom on June 04, 2018, 04:18:11 PM

I'm glad that he's at least not changing his opinion about Bitcoin a whole lot, unlike some other people.
I think it was Bill Gates who kind of flip-flopped his position on whether Bitcoin was a good or bad sort of technology.

I also wonder how much Steve Wozniak has actually used Bitcoin, I'd bet he's probably made a few transactions at the very least.

Because Gates is a government supporter, a rich snob that is afraid of depending on himself. He was always working closely with the government and has depended on it to protect his rights and his money. Now as an older man he's afraid of changes, of his fiat money losing value, of the power of the government weakening. People thought that smart people are pioneers, working for the better society and freedom. Unfortunately gates was working for himself, for better invigilation and control. Maybe that's why his company is so hated by the very people who once were his clients.

I don't think this is a realistic opinion I do doubt very much that bill gates is worried at all about his fiat money losing value. He's one of the richest people in the world and at this point money is meaningless to him. What are you referring to when you said he's working close to the government? Sources?

Yeah, Bill Gates is not worried about anything. It's a joke to think that Billionaires who naysay Bitcoin feel threatened by it. They don't feel threatened, at least not yet. Once/if BTC starts gaining more traction for everyday purchases, then they may feel threatened. But right now, to these anti-BTC billionaires BTC is just a highly speculative cockroach.

3acaga

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Finally, the great news is that there are still adequately thinking and analyzing people such as STIV.Stev one of the few people who does not stand along with a global crowd of world financiers who want to destroy bitcoin ....

funsponge

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Quote from: darkangel11 on June 05, 2018, 01:59:13 PM

Quote from: eternalgloom on June 04, 2018, 04:18:11 PM

I'm glad that he's at least not changing his opinion about Bitcoin a whole lot, unlike some other people.
I think it was Bill Gates who kind of flip-flopped his position on whether Bitcoin was a good or bad sort of technology.

I also wonder how much Steve Wozniak has actually used Bitcoin, I'd bet he's probably made a few transactions at the very least.

Because Gates is a government supporter, a rich snob that is afraid of depending on himself. He was always working closely with the government and has depended on it to protect his rights and his money. Now as an older man he's afraid of changes, of his fiat money losing value, of the power of the government weakening. People thought that smart people are pioneers, working for the better society and freedom. Unfortunately gates was working for himself, for better invigilation and control. Maybe that's why his company is so hated by the very people who once were his clients.

I don't think this is a realistic opinion I do doubt very much that bill gates is worried at all about his fiat money losing value. He's one of the richest people in the world and at this point money is meaningless to him. What are you referring to when you said he's working close to the government? Sources?

darkangel11

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Quote from: eternalgloom on June 04, 2018, 04:18:11 PM

I'm glad that he's at least not changing his opinion about Bitcoin a whole lot, unlike some other people.
I think it was Bill Gates who kind of flip-flopped his position on whether Bitcoin was a good or bad sort of technology.

I also wonder how much Steve Wozniak has actually used Bitcoin, I'd bet he's probably made a few transactions at the very least.

Because Gates is a government supporter, a rich snob that is afraid of depending on himself. He was always working closely with the government and has depended on it to protect his rights and his money. Now as an older man he's afraid of changes, of his fiat money losing value, of the power of the government weakening. People thought that smart people are pioneers, working for the better society and freedom. Unfortunately gates was working for himself, for better invigilation and control. Maybe that's why his company is so hated by the very people who once were his clients.

gentlemand

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Quote from: Thadeous on June 04, 2018, 04:04:47 PM

All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model.”[/i]

I find it genuinely astounding how few people can be bothered to think this one through.

If you don't start off from this basis you don't ultimately have shit a vast amount of effort down the line. It's going to require some brutal object lessons until this necessity is wrapped enough around minds.

funsponge

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Quote from: eternalgloom on June 04, 2018, 04:18:11 PM

I'm glad that he's at least not changing his opinion about Bitcoin a whole lot, unlike some other people.
I think it was Bill Gates who kind of flip-flopped his position on whether Bitcoin was a good or bad sort of technology.

I also wonder how much Steve Wozniak has actually used Bitcoin, I'd bet he's probably made a few transactions at the very least.

Yeah with a lot of the celebrities endorsing Bitcoin as soon as it hits a bump and the price starts falling they'll throw it under the bus. Steve does seem to care about it even when it's not doing so well. I think he deserves a little credit for that at least.

leonidas89

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What a legend, he's a very smart man.

As much as I love Bitcoin there are many arguments as to why it's a poor currency, specifically.

But as digital gold... BOOM! There has never been such a decentralised asset which can not be forcibly confiscated etc.

I think the use case of digital gold is Bitcoin's future.

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