Steve Wozniak: Bitcoin and Blockchain is the ‘Next Major IT Revolution’

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The co-founder of the multinational technology company Apple has once again praised Bitcoin and its underlying technology blockchain. Steve Wozniak spoke about the financial innovation at a tech conference that was held this week.

Wozniak Believes in Bitcoin and Blockchain

Wozniak was speaking in Vienna at an event called WeAreDevelopers World Congress. There he stated that he felt that the blockchain would be a world-changing technology. He went on to claim that it was the ‘next major IT revolution that is about to happen.’

The Apple co-founder spoke just after the opening of the conference. His 45 minute ‘fireside chat’ took place at the main stage and was live streamed to all of the other rooms at the event. Naturally, being given the task of introducing the general technology conference, Wozniak didn’t exclusively talk about Bitcoin and blockchain. He also addressed topics such as Tesla, and the Cambridge Analytica data leak scandal. Digital security was also addressed:

“We lost our security a long time ago. We’ve lost our privacy and it’s been abused. If I think I have a level of privacy that I don’t, that’s deceit. And that bothers me. I hit a limit. I can’t take that. It’s one step in a long series of steps that are all in the same direction.”

Along with Wozniak’s opening, there were multiple presentations and workshops at the WeAreDevelopers World Conference devoted to blockchain. Amongst those sections of the program covering the technology was a talk titled ‘How to Execute Business Processes on the Blockchain’ delivered by Dr. Jan Mendling, one called ‘From Coded Cultures to Future Cryptoeconomics’ by Matthias Tarasiewicz, Daniel Pichler, and Jürgen Hoebarth, as well as ‘Don’t Be the Weakest Link In the (Block)chain’ by Luka Milinković & Marko Atanasievski.

Despite only briefly mentioning Bitcoin and blockchain in his opening speech, Wozniak is already known as a fan of cryptocurrency and its underlying technology. According to U.K. newspaper the Independent, he spoke on the topic in October of last year at the Money 20/20 event in Las Vegas. There, he slated fiat currency as being ‘kind of phony’ since governments can just create more of it at their own whim. He contrasted gold and traditional forms of money with 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 cryptocurrency is even more mathematical and regulated and nobody can change mathematics.”

Despite being such an expert in technology, the last time we reported on Wozniak here at NewsBTC was in relation to him having Bitcoin stolen off him. At the Economic Times’ Global Business Summit he stated that he had lost seven Bitcoins due to credit card fraud.

Featured image from Shutterstock.

The post Steve Wozniak: Bitcoin and Blockchain is the ‘Next Major IT Revolution’ appeared first on NewsBTC.




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May 18, 2018 at 02:01PM

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