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Wozniak Backs Dorsey’s Vision of Bitcoin

Wozniak Backs Dorsey’s Vision of Bitcoin

in Bitcoin & Cryptocurrency published on 6, June 2018

Steve Wozniak, the co-founder of Apple, has come out in support of Jack Dorsey’s vision of bitcoin as the de facto currency of the web, becoming the latest technologist to back bitcoin.

Wozniak, who founded Apple alongside the late Steve Jobs and Ronald Wayne in 1976, was quoted by CNBC for remarks made at a conference in Amsterdam this week, where he reportedly told delegates he hoped Dorsey’s vision of bitcoin would become the reality.

Addressing an audience at the Money 20/20 event, Wozniak was hopeful that bitcoin could indeed become the native currency of the Internet.

“I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking.”

As a respected thought leader in technology, Wozniak’s comments only lend further support to the view of Dorsey, who is CEO at Twitter and Square.

Dorsey set out his own feelings on the future of bitcoin at the Consensus 2018 event in New York, where he set out why he considers bitcoin the most likely option for a future native currency online.

“I’m just approaching with the principle that the Internet deserves a native currency. It will have a native currency…I hope it will be bitcoin. I’m a huge fan.”

“We’ve led with that mindset. But there’s still a lot of skepticism and a lot of debate and a lot of fights. But that’s where the magic happens, where creativity happens.”

While keen to stress he was not yet himself an investor in bitcoin, and instead merely supports the technology, Wozniak pointed out some of the key features he felt made bitcoin, rather than alternative cryptocurrencies, the likely best choice for the role.

 “Only bitcoin is pure digital gold…and I totally buy into that.”

“All the others tend to give up some of the aspects of bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.”

The comments bring Wozniak in line with Dorsey and a number of other high profile technology CEOs and entrepreneurs in viewing bitcoin as the eventual default currency of online commerce.