Apple co-founder Steve Wozniak was able to speak about his latest endeavors in a new crypto startup firm, Equi Capital, and his general interest in blockchain technology during a NullTx interview.
Wozniak first gained interest towards Bitcoin and cryptocurrency after learning about the possibilities and potential of decentralized ledgers and the mysterious man behind Bitcoin. He was also impressed with cryptocurrency’s definite supply, unlike the US dollar and other government-controlled currencies. While he rapidly entered the space of blockchain, he took a surprising view on the technology– Wozniak stated that while Bitcoin was valuable, blockchain was merely a bubble.
His view is clearly contrary to the common view that blockchain is useful and disruptive while cryptocurrencies are a bunch of fads and bubbles. Surprisingly, this tech legend didn’t change his opinion until recently. He admitted to not understanding blockchain clear enough to make a clear argument backing his case.
“At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works, and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!” said Wozniak, before reflecting on early conceptions of crypto.
Just a few months prior to this, Wozniak drew connections between the adoption of the internet and the current blockchain adoption, stating that the excitement and hyped up nature of the internet “was a bubble, and I feel that way about blockchain.”
Even with this past opinion, Wozniak is now diving directly into the blockchain space himself, something that many blockchain followers will appreciate and understand.
“I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company.”