For Apple co-founder, Bitcoin is trustable ‘mathematical purity’
by: Dynasty GI2021-11-14
Apple co-founder Steve Wozniak has hailed Bitcoin as mathematical purity, created with what he described as a very trustable format.
Wozniak, who last year launched Efforce, a Blockchain-based business focused on energy efficiency, is a known advocate of the cryptocurrency he previously called a ‘miracle of technology’. In an interview for Yahoo Finance, Wozniak explained that bitcoin was mathematical purity because there can never be another bitcoin created, unlike fiat currency which can be issued as governments borrow money. Wozniak also said he believed cryptos could be used effectively for payments, joining other ways to pay for things digitally. His Efforce venture also launched a cryptocurrency, the WOZX, aimed at securitising energy savings. Eduardo Carvalho, the founder and CEO of Dynasty Global Investments AG, commented:
"Digital pioneers like Wozniak can easily see how powerful Blockchain technology is and its potential to transform entire sectors. He also says something very important – so much is said about how cryptos like bitcoin can be unpredictable but it is fiat currency that is exposed to the vagaries of governments, as the issuing of bank notes has no limits."