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Steve Wozniak: Bitcoin is better than gold and USD

24.10.2017   |  in Bitcoin   |  in Bitcoin   |   3684
Steve Wozniak: Bitcoin is better than gold and USD

Steve Wozniak, co-founder of Apple, shares the enthusiasm recently expressed by McAfee – just like the creator of the eponymous antivirus, he believes Bitcoin is better both than gold and the U.S. dollar. Explaining about why exactly Bitcoin is better than gold, he said:

”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.” Fiat money, as he thinks, can just be printed as some influential bankers want, while with Bitcoin such things are impossible.

The statement was made at the Money 20/20 conference in an interview with CNBC. Money 20/20 has attracted many other interesting speakers. This event is dedicated to the future of payments, transactions and, of course, currencies.

Benjamin Lawsky, former New York state financial services chief, has held a speech at Money 20/20 as well. Cryptocurrency was mentioned by Mr. Lawski, as he told that he once rejected to “shut Bitcoin down” after a request from a bank lawyer.

Other statements made by Ben Lawsky included: the notion about how ICOs are dangerous in their current form – if they get out of control, there could be a backlash against entire crypto system; the mentioning of the very controversial BitLicense mechanism implemented by the New York financial authorities under his management – he told it now makes even more sense “in the context of China” (might have meant that if China bans ICOs and exchanges, why shouldn’t American authorities regulate the crypto market just a bit).

We will undoubtedly see more statements about cryptocurrency at this conference, as cryptocurrency is widely viewed as the financial technology of tomorrow.

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