Bitcoin Forum

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

Steve Wozniak is a clever man! And I think it is more crypto than math.
My prediction for BTC is 200000$ till 2020!

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.

Probably not one of his best statements I must say. I guess he's trying to shorten his response that because Bitcoin is limited to 21 million and can't be printed off or fabricated like conventional currencies it's more legitimate. I generally like Steve Wozniak but, he seems to use his authority figure here (mathematician) to back up his claim without going into the details of why it's limited to 21 million and why it's more legitimate than other systems.

Of course, I haven't seen the original interview(?) and it's likely that this has been taken out of context or is a snip bit of what he actually said. Do you have the source?

More crypto than math? What do you even mean by that statement? Maths is involved in everything and crypto is a by product of that. Theere's no disputing that Steve Wozniak is incredibly smart and talented, but this isn't a quote that particularly outlines that. 

Will, he is an authority in the fields of Mathematics and computing. He knows algorithm fully well, especially during his early days when he and Steve Jobs created gadgets for exhibits and after they put up Apple. 

"There is a certain amount of bitcoins that can ever exist.  Gold is mined, mined and mined.  Perhaps in the world there is a finite amount of gold, but bitcoin is even more subjected to mathematics and it is regulated, and no one can change mathematics. "  Steve Wozniak
Wozniak continued to compare bitcoin with owning the house: "Your house is a value.  For example, the house - today, and in 40 years it will still be valuable - even if the price grows, and the government will charge more taxes. "

Love to hear the opinions of someone who has a vision as Steve Wozniak. So the more convinced of the future of the bitcoin going forward.

Wozniak is, for sure, a brilliant dude, but, regarding Bitcoin, his speech has been quite unstable.

For instance, in January he claimed he sold all his bitcoins because he doesn't like to watches and care about the price of the coin. http://www.businessinsider.com/bitcoin-steve-wozniak-stockholm-apple-seth-godin-nordic-business-forum-2018-1

The transaction he made didn't go so well, for, apparently, even Woz was scammed: https://www.engadget.com/2018/02/28/steve-wozniak-bitcoin-scam-banks-credit-cards/

Anyway, the original phrase he said about bitcoin (supposedly) was: “Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered.”

Well, coming from a genius, who am I to disagree? It is well known that Bitcoin was created on the foundation of solving mathematical problems. I could just imagine how freakin smart Satoshi is!!!

This Steve Wozniak earlier, like, claimed he had a lot of bitcoins and he sold them all? Steve is a very gifted and talented person and I think he's to visit delivered anything to claim to visit a sorted out topic.

a lot of statements that do not happen .. we here need a reference link to read and review articles that show the possibilities or chances of where the prediction came from ,, although bitcoin is the best-selling crypto money ,, but did not rule out that the price will fall gradually. .

With limited numbers, many people are interesting to holding it rather than spending it for daily payment.
This is mathematical logic, when 21M total has been mined and spread over many user and exchanges, the question is how many will be available to be trading on market?
Imagine when Bitcoin technology has been legalize and adopted in many digital payment stores platform, then many people will looking and buying it from the market, but supply in the market are available a few millions coins only, of course there will be impact of inflation and it prices will going to millions, isn't.

What if every Bitcoin replaced money and represented a piece of the world, replacing stocks? All value in the world would be linked to Bitcoin and expressed in Bitcoin. How much money and stock value is there? Now take that number and divide it by the number of Bitcoin. That is the value of 1 BTC.

Well Steve Wozniak may be intelligent in mathematics as he claim to be but i dont think he has anything more to say about bitcoin than anybody else here already knows. We know bitcoin is a program, a computer program using algorithms to solve a block of course it is mathematical. But by saying what he said, im thinking maybe there's something more to it. Maybe he meant something more than just saying its mathematical and that its total supply is 21m. Maybe we should read between the lines.

It is true that bitcoin is the result of a matter of mathematical algorithms, and bitcoin is the development of a very great mathematical science.

      Yes ,bitcoin is mathematical and not just  Steve Wozniak is the mathematician but we also are mathematician in the field of crypto. Everything in crypto are using math,even in trading and doing prediction there is a math.We can mine bitcoin like gold but at this moment we can say that bitcoin is more valuable than gold and dollar because of it's higher value and it it is in demand.

Details matter for those who are familiar with them, which isn't really the case when it comes to the mass not knowing what things are fundamentally. It's likely a form of layman's language to make everyone understand it.

I tried to find out (simple research) what article it comes from, or what video interview, but it seems to be just a statement that people probably used (and probably twisted) as meme.

Either way, the statement as simple and short as it is, does hold a very strong message. It's a diss towards the mad printing habits of the governments leading to nothing but more debt and potential doom.

Steve Wozniak's one brief statement is alot better for bitcoin than John Mcafee has done to it in the last four months with his twitter account. :-[
Supporting ICOs and basically pumping coins for his own personal gain due to having a lot of followers on that social media platform.
That turns off a lot of people first who are just getting into bitcoin and see it is used by crooked business types such as what he has been doing for a while now.

This guy just wants to draw attention to bitcoin and increase its cost) I think that he bought bitcoin and not only one) ;D

Yeah, I also tried to find the source but, my research yielded nothing albeit it wasn't a very thorough search.  When quoting in this instance it's annoying to that people tend to paraphrase rather than say what the quote actually said. Yeah, I assumed that's what is for taking a dig at and  he likely hinted at this more heavily, but if this was a serious question/interview then I would like to think he went into depth about the question rather than vaguely hinted at it. People need to know the downsides rather than having it encrypted by this statement.

I would disagree about details important for those who are familiar though. I think it's the opposite. People who are familiar with Bitcoin would know what he's hinting at here. Like me and you jumped to the conclusion he was referring to the counterfeiting issue. Those who aren't familiar with it though aren't going to jump to the same conclusion and it would become lost in translation. People who don't know about Bitcoin aren't going to know it can't be generated out of thin air. In fact you see the non informed often bring this up by saying "Bitcoin comes from nothing".

I strongly agree, that bitcoin is mathematical, and with the creation of just 21 million bitcoins there must be some purpose.

Well, Steve Wozniak is an intelligent man, knowing about matters of mathematics. We know Bitcoin, program, computer program, algorithm used. These are the words of mathematics. Again these are used in bitcoin. Everything in the crypt is using math, even in trading and mathematics is used to predict. All accounts of the books are calculated by the symbols of mathematics.

nah it is just another proof that the media is always publishing shit on the internet specially when it comes to bitcoin and double specially when it comes to bitcoin-news-sites! they are always full of shit. these people are talking about bitcoin from time to time then these shitty sites take their statements, butcher it and then publish the butchered result. some time ago they were saying he sold (dumped) all his coins and got out and said bitcoin is dead just because he said he sold bitcoin near $20k!

Take it from the co-founder of one of the most successful companies in the history of the world. The Woz. Genius. Mathematician. Legend. Can’t go wrong with that.

I agree. Another article that the media has spun to look more controversial, clickbait at the highest point. And @seoincorporation has already clearly posted that its not the way Wozniak is trying to put it up, its just the media is really riding bitcoin's popularity for their own gains.

But it doesn't mean we take every word he's spoken like something they can't make any mistakes. Most of the time, you don't need to be a genius or a rocket scientist to understand what's the basic about bitcoin, just common sense will do if you want to get in and take the risk or stay away from it.

That's true, blockchain is the mathematic and economics. But I still do not understand those who do not understand it. Because, all of governments and banks can not support it and however, they are sending only bad news.

yes you are right bitcoin is a complicated calculation and bitcoin has a very limited total supply so that from the limitations it makes bitcoin better than gold and USD.

Well, indeed math is the driving force of cryptography and of course cryptocurrencies. Mathematics is also the in the core of bitcoin mining and solving mathematical problems for bitcoin miners are getting harder and harder as more miners are brought into the pool and more transactions are being committed to the blockchain. Needless to say, the economics of bitcoin is driven by mathematical principles. So Steve Woz is absolutely right; bitcoin is all about math!

I do not really understand about mathematics, but I think so and created bitcoin only 21 million coins must be all there is a certain intention that not many people know.

I want to share with you all that Bitcoin is a very wealthy resource because it is possible to change our life using Bitcoin Bitcoin. It is very valuable because Bitcoin has a bright future that can be about many people in the world. Bitcoin is a social network that many people around the world can trade and trade.

Hi there ser54gold! Yes, that is a basic information about bitcoin. I have read before that Woz is one of the believer of bitcoin. He even publicly knew that he hold several bitcoin several years ago before it even go mainstream. But have you been also updated that last year, Woz also announce that he is selling all off his bitcoin. We knew that he gain a lot from possessing and selling those bitcoin. But as he said, he can't live happy due to the fact that bitcoin price is so volatile. As of today, he didn't tell or oppose bitcoin, but his lifestyle doesn't seems to go with the frequent ups and down of bitcoin price.

I don’t know whether the bitcoin is mathematical or not because when I operate bitcoin, I never uses mathematics in it but if such a great personality, the CO founder of Apple - Steve Wozniak then there must be something being mathematical in bitcoin bit I can say one thing for very sure that bitcoin is better than any other kind of invests like gold or usd or something like investing into stocks but yes you need to calculate something or somewhat when calculating the valuation or the amount of money you have to invest into bitcoin like other invest involves.

I believe he is referring to the cryptography behind Bitcoin mostly (stuff I don't really understand: eliptical curves, SHA256, Hashing, etc.)

it's just im stupid at math so.....im down for whatever talking about math.

a true genius will understand what bitcoin is . Bitcoin popularity and trust and transparency is because of the technology behind it even technology enthusiast will appricate

It is hardly an argument for Bitcoin! People (even commenters above) don't understand and don't usually even like math. Just hearing that something is mathematical sets their hair straight.

For my part, I am a mathematician so I like what he said, but really, obviously, just hearing the m-word may make bitcoin disgusting for people :)

I like Wozniak's arguments for bitcoin being better than gold or precious metals.

He said something along the lines of: "people will inevitably develop better and more efficient methods to harvest gold from the earth. More gold will be mined as time passes and technology progresses. The rate at which bitcoin is mined however will remain constant no matter how much technology progresses, which makes bitcoin a more reliable and stable store of wealth than gold".

There's a lot of very smart things being said by Wozniak in the interview he's quoted.

Wozniak also is the only techie I know of who built the hardware and wrote the operating system for a line of computers. As with the original apple computers, he's that talented. Woz is very underrated.

Not only them but also me , i do also hate math because math is a verry hard subject but there were still few people loves math just like you . Bitcoin and cryptocurrency is somehow related to math as it is composes by mainly numbers and digits but that is still understandle for us . However if we were tackling about the technical side of cryptos , then that is a different story anymore.

But overall i do agree with steve wozniak , bitcoin is indeed mathematical . Steve maybe a genius guy but majority of the population arent still didnt care about him.

Most crypto users only knew one name and that is satoshi nakamoto , nothing more nothing less.

In my opinion, the message of that mathematician only means that unlike flat currency, bitcoin cannot created from nothing in which means this thing gives its value while on the other hand, the flat currency can be reproduced and becomes legitimate because of the law of a nation.

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

whatever steve wozniak says i believe with all my earth. he knows his business man, cool guy.

I think so. But the value of BTC is in the belief, do you think one day there will be another "coin" to replace the BTC?

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  ;D

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.

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 ;))

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.

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

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

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.

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.

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

Apple co-founder Steve Wozniak hopes bitcoin will become a single global currency (https://www.cnbc.com/2018/06/04/apple-co-founder-steve-wozniak-hopes-bitcoin-will-become-global-currency.html)

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.

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

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.

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

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 ..

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.

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

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.

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 };

Agree, bitcoin is something techical that avoids human participation

+1 Merit! ... Cypherpunks write code! var Woz  ;D

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.