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.
this is a good thing to boost the popularity of Bitcoin and the crypto industry, the more people who jump will reinforce the market and the value of Bitcoin, especially the one who say it is an influential figure in the field of technology.
a little intermezo, what caught my attention is the author Tyler Durden, a character from the movie and the Fight Club novel, I was reminded of his words about advertising and let me quote it "Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we do not need. "
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