Wozniak: Bitcoin is better than gold AND the dollar!

[Nilda]

In third world countries, where political and economic uncertainties is the norm, cash or gold will always be king. Civil wars would render paper money useless and without internet infrastructure, no bitcoin. Gold will remain as trading currency.

[pugman]

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.

Why do I have such a feeling saying that whatever these big people from big companies and the related have been talking good about bitcoin of late because they want fame or is it that they also want to manipulate the market when no one notices, or is it something else. So whatever people are going to state about bitcoin is somewhat hard to believe, anyhow no matter what us currency is going to be there for at least 10-40 years, and gold for like a century even if its availability in the mines gets extinct because of the large supply all over the world.

[Yaunfitda]

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.

Why do I have such a feeling saying that whatever these big people from big companies and the related have been talking good about bitcoin of late because they want fame or is it that they also want to manipulate the market when no one notices, or is it something else. So whatever people are going to state about bitcoin is somewhat hard to believe, anyhow no matter what us currency is going to be there for at least 10-40 years, and gold for like a century even if its availability in the mines gets extinct because of the large supply all over the world.

Or they really wanted to ride the popularity of bitcoin so that they can became relevant again? Everyone has its opinion but I don't think it will really bring any weight or substance now because investors are really wise about high profile people saying things about bitcoin whether positive or negative. Though its nice to hear something from Woz saying positive things about bitcoin.

[HabBear]

Finally, an expert in the field of technology speaking some real logical sense into the mainstream media! I wonder what Steve would have thought of Bitcoin.

The Woz is absolutely right! And the reason folks like Dimon talk against Bitcoin is because they aren't ready to accept that the world their business is built on is more fragile than the one Bitcoin is creating. (Or I guess it's possible they just don't understand yet.) The reason other investment pundits are willing to research Bitcoin (like devote real corporate assets to it) but not outright champion it is because they don't want to be considered "crazy" by their high finance peers that haven't seen the light yet.

Have you all noticed how the bitcoin is a bubble talk in the media has diminished considerably since Bitcoin dropped below $5000 and then promptly returned to $6000. How many times have we seen that same pattern in this years march? We're almost on a two month cycle!

[reliable]

I agree that bitcoin is more important than dollar and gold because bitcoin value can be applied to anything
the world will notice the bitcoin

Hopefully world do think about bitcoin and the country do apply the positive results for such currencies. There are countries who do not support bitcoin and have already banned it. People do like and love the bitcoin but when there is negative news from the govt it feels that investing in gold and dollar is advisable to great extent.

[Pettuh4]

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.

I couldn't agree more, genuine scarcity of bitcoins and lack of inflation makes it stand tall among the lot because everyone wants to trade in currencies or cryptocurrencies where they wouldn't stand a chance to loose out on the market and bitcoin seeks to address this challenge very well.

[Kakmakr]

Woz might be onto something here. We know with 100% certainty what the Coin cap of Bitcoin is going to be, but we are not 100% sure how much gold is still in the ground. New Gold deposits are found regularly and improved mining methods, allow us to extract Gold from the ground, that was previously not profitable to mine.

I hope he gets recognised for his genius, this time around. Welcome on board WOZ.  ^smile^

[krauzzer02]

Agreed with some of his opinions and statements about bitcoin, Gold and USD. Btc is still premature and experimental, it is not recommended to use it for our daily lives to buy basic things like food, water, daily necessities due to its fluctuation and high volatility but you can still do it of course the only problem is the value and price change. USD or any other traditional currencies are still the recommended currencies to use for this generation. Gold is also finite but we don't know the exact volumes of it on earth thus btc have a limited and exact numbers to be mined n the 2140 speculated year if the bitcoin still exist on that year.

[aizen10]

to be better than anything, you just to surpass all the leading precious things in the world which bitcoin done. its obviously bitcoin in more better than gold and even the currency $ DOLLAR. by the flow of bitcoin demand and the limited supply of this bitcoin, undeniable that bitcoin is the great, and greatest and more valuable among of all precious things in the world.

[EddyGameta]

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. "