Wozniak: Bitcoin is better than gold AND the dollar! - page 2.

Juggy777

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Quote from: CoinClarity on October 27, 2017, 01:22:59 AM

Steve Wozniak, aka "The Woz," co-founder of Apple recently had this to say about bitcoin:

There is a certain finite amount of bitcoin that can ever exist. Gold gets mined and mined and mined. Maybe there's a finite amount of gold in the world, but bitcoin is even more mathematical and regulated and nobody can change mathematics.

He also simultaneously crapped on the USD, citing its potential for inflation as near infinite, thus rendering it "kind of phony" as a currency. Unfortunately, as far as fiat currencies are concerned, the USD is still technically the best (and least volatile) currency in existence.

Personally I believe he's both right and wrong. The USD is kind of like democracy: "the worst form of government except for all others tried."

And of course there's a finite amount of gold. Technically, new gold gets created but the process probably takes hundreds of millions or billions of years....

In any case, as far as bitcoin is concerned, this endorsement is pretty, pretty, pretty good... as Larry David might say.

I just wonder if appl is going to follow up on the Amazon rumor, as Amazon is rumoured to be accepting Bitcoin, what if this statement is a hint that Apple may accept bitcoin, this would be huge, even bigger than Amazon accepting it. Though there is not much of a hint that Apple would accept it yet the very prospect of them doing so excites me, it's even pertinent to note that the timing of this with iphone X could actually signal apple intent to accept this currency.

Xavofat

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Did you see that ludicrous display last night?

Quote from: Taty on October 27, 2017, 02:36:11 AM

But if it is better than cash and gold, why do some countries ask their public not to use it, instead of legalizing it?

It is legal almost everywhere.

The reason why it's not directly supported by most states is because they were hoping for a slow and clean transition to a cashless society, and BTC, without a third party, is quite different to what they were hoping for. It allows a digital currency which works without a centralised group controlling the transactions.

Quote from: CoinClarity on October 27, 2017, 01:22:59 AM

Gold gets mined and mined and mined.

Gold only gets mined until it's no longer worth mining. This means that if the value rises, it's worth putting in more effort to mine it, thus increasing the supply and regulating the value.

While gold's value is far from stable, there is some relevance in having a physical resource with a notable purpose. BTC users also shouldn't need to have an endorsement from rich people to support it.

Taty

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Quote from: jseverson on October 27, 2017, 02:54:34 AM

Quote from: Taty on October 27, 2017, 02:36:11 AM

But if it is better than cash and gold, why do some countries ask their public not to use it, instead of legalizing it?
I do sure that the world needs some changes in international monetary system, but will it be bitcoin?
What do you think?

Just because Wozniak says it doesn't mean it's a fact. The entire issue isn't black and white, so it is debatable at best. Obviously, governments which decide to not welcome it has a different opinion. They either think it could cause an economic nightmare whose value is driven only by demand, or they think the fact that they can't control it can undermine their power in the long run.

Either way, I'm not entirely sure I agree that the monetary system needs changes, but if you have the chance to improve something, why won't you go for it? I don't know if the endgame of that is Bitcoin, but it for sure sparked the call for change.

Thanks a lot for your answer. Agree with you.
I do sure, because historically the system has been changed in some time as the world is in progress every minute and it demands the new decisions. These decisions should be made by the leaders of the countries, but not by me Grin

jseverson

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Quote from: Taty on October 27, 2017, 02:36:11 AM

But if it is better than cash and gold, why do some countries ask their public not to use it, instead of legalizing it?
I do sure that the world needs some changes in international monetary system, but will it be bitcoin?
What do you think?

Just because Wozniak says it doesn't mean it's a fact. The entire issue isn't black and white, so it is debatable at best. Obviously, governments which decide to not welcome it has a different opinion. They either think it could cause an economic nightmare whose value is driven only by demand, or they think the fact that they can't control it can undermine their power in the long run.

Either way, I'm not entirely sure I agree that the monetary system needs changes, but if you have the chance to improve something, why won't you go for it? I don't know if the endgame of that is Bitcoin, but it for sure sparked the call for change.

Taty

newbie

Activity: 4

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But if it is better than cash and gold, why do some countries ask their public not to use it, instead of legalizing it?
I do sure that the world needs some changes in international monetary system, but will it be bitcoin?
What do you think?

panju1

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If you think the dollar can be inflated away, you should see third world countries. And I am not talking about Venezuela and Zimbabwe. Inflation in a normal, third world country can be 5-10%. So Bitcoin is a clear winner here.

monkeydominicorobin

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: CoinClarity on October 27, 2017, 01:22:59 AM

Steve Wozniak, aka "The Woz," co-founder of Apple recently had this to say about bitcoin:

There is a certain finite amount of bitcoin that can ever exist. Gold gets mined and mined and mined. Maybe there's a finite amount of gold in the world, but bitcoin is even more mathematical and regulated and nobody can change mathematics.

He also simultaneously crapped on the USD, citing its potential for inflation as near infinite, thus rendering it "kind of phony" as a currency. Unfortunately, as far as fiat currencies are concerned, the USD is still technically the best (and least volatile) currency in existence.

Personally I believe he's both right and wrong. The USD is kind of like democracy: "the worst form of government except for all others tried."

And of course there's a finite amount of gold. Technically, new gold gets created but the process probably takes hundreds of millions or billions of years....

In any case, as far as bitcoin is concerned, this endorsement is pretty, pretty, pretty good... as Larry David might say.

For eight years Bitcoin flourished without endorsements. So why are we seeking validation from Billionaires. We all know what Bitcoin is. Endorsements are worthless. My two cents.

bitalive

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Yes, Steve Wozniak is right for now, and also for the future, Bitcoin is better than gold AND the dollar and will remain same.

mondobitcoin

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Bitcoin is better then all (cash and gold), because is a virtual currency and is clear and have privacy settings.
Bitcoin and other criptocurrencies are the future!

CoinClarity

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You got questions? We got answers. coinclarity.com

Steve Wozniak, aka "The Woz," co-founder of Apple recently had this to say about bitcoin:

There is a certain finite amount of bitcoin that can ever exist. Gold gets mined and mined and mined. Maybe there's a finite amount of gold in the world, but bitcoin is even more mathematical and regulated and nobody can change mathematics.

He also simultaneously crapped on the USD, citing its potential for inflation as near infinite, thus rendering it "kind of phony" as a currency. Unfortunately, as far as fiat currencies are concerned, the USD is still technically the best (and least volatile) currency in existence.

Personally I believe he's both right and wrong. The USD is kind of like democracy: "the worst form of government except for all others tried."

And of course there's a finite amount of gold. Technically, new gold gets created but the process probably takes hundreds of millions or billions of years....

In any case, as far as bitcoin is concerned, this endorsement is pretty, pretty, pretty good... as Larry David might say.

Topic: Wozniak: Bitcoin is better than gold AND the dollar! - page 2. (Read 590 times)