Home Technology Blockchain Bitcoin is still amazing, but Blockchain is a bubble, as per Wozniak

Bitcoin is still amazing, but Blockchain is a bubble, as per Wozniak

According to a report published by CNBC a couple of days back on June 26th, it shows the latest comments made by the co-founder of Apple Steve Wozniak regarding the blockchain technology.

As per the report, Wozniak believes that blockchain is a bubble and is on a similar path as the dotcom era, however, he also believes that it could have potential in the future.

In his speech at the NEX technology conference conducted in the city of New York, Wozniak further explained his statement by saying that the dotcom era had created a similar kind of hype around companies but in the end, they were unable to keep their promise:

“Back then it was a bubble, and I have similar feelings regarding the blockchain.”

Wozniak did, however, describe the blockchain as “decentralized and completely trustworthy,” he also mentioned that it would “take some time” for the blockchain to reach its complete potential:

“It doesn’t change within just 24 hours, there have been quite a lot of blockchain ideas that have been really incredible, however, by launching it its early stages these ideas burn themselves as they are not being equipped to survive and be stable in the long run.”

Significantly just a month ago, Wozniak had expressed similar sentiments regarding the future potential for both cryptocurrencies as well as the blockchain technology.

Ethereum (ETH) was highlighted as the only cryptocurrency that could survive in the long term by Wozniak, given its versatility in permitting developers to build on its blockchain, as per noted by CNBC.

Backing this opinion on Ethereum (ETH) in a conference in Vienna back in mid-May, Wozniak had also compared Ethereum’s platform to Apple’s platform, going as far as to make the bold claim that it could be as influential as Apple in the future.

As per reported by CNBC, Wozniak also hinted at the possibility of implementing the blockchain as a social network competitor to Facebook, which according to Wozniak is currently enjoying a complete monopoly in the social networking area.

Additionally, Bitcoin (BTC) was referred to as “pure digital gold” by Wozniak during the first week of this month (June) and has now gone on to term it as “just amazing” as per reported by CNBC.


Safdarali Rizvi
Safdarali Rizvi the management graduate. Has been an avid book reader all his life so naturally loves playing with his words. His curiosity for discovering futuristic opportunities drives him to enlighten the entire Geekymint team with exclusive and intriguing news. He has a real passion for calisthenics and sports. His management abilities and hunger for learning brings tremendous value to our team.


Please enter your comment!
Please enter your name here

Must Read

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an...

9 best ThopTV alternatives for free streaming and Live TV

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Cyberflix TV 3.3.1 – Download Cyberflix App Apk on Android, iPhone, iPad, iOS, MAC, PC & Firestick

About CyberFlix TV CyberFlix TV is an online streaming app on which you can watch free movies and TV Shows. The app has been shut...

Download Kissanime App Apk on Android, iOS, PC, Firestick, Roku (Latest Update)

What is kissanime Kissanime is a free anime streaming website if you ask any anime lover about the best website to watch the latest anime...

Random Post

3 simple fixes you can try when Steam overlay is not working

If Steam overlay is not working even after you have tried pressing Shift and Tab then do not worry this is an issue that...

Blockchain will start an Economic Revolution says Sir Richard Branson

We first learned about Sir Richard Branson’s support for the revolutionary blockchain technology back on October 3rd, when the Virgin Group founder and billionaire...

Is Chrome The Worst Browser?

The balance between convenience and security has always been precarious in the online world. And it’s on the offside of this that...

Alan Howard: 20 things you need to know of this hedge fund manager

Alan Howard, a billionaire who has a high position on the successful business people list is a British hedge fund manager has made his...

The grounding of the 737 Max has led to increased demands for older jets

The worldwide grounding of the Boeing 737 Max aircraft has led to airlines moving towards older jets to meet growing demands. With the grounding...