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...

Top 15 best Mobdro alternatives to watch free live tv and movies

Modbro was one of the growing movies and live tv streaming sites with free unlimited content. Mobdro had its app on the...

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...

Top 14 best thoptv alternatives for free movie 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...

Download Kissanime App Apk on Android, iOS, PC, Firestick, Roku (2021 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

Footwear you wear today might have been designed 900 years ago

Twitter never ceases to amaze its user base, just when we thought we had seen it all, a Twitter user from India tweeted a...

Airbus announces full automation to be adopted soon

It seems like Airbus has moved one step closer towards pilotless commercial flights after revealing that one of its test aircraft has taken off...

My Time at Portia – All About, Gameplay review, Features, Pros, Cons, and much more

My time at Portia is one of the best games in the genre of Action role-playing and life simulation. This game is...

The Best Nintendo Switch Games

Since we have been in lockdown, people are spending more time at home and needing things to do. Once we have done...

The best YuppTV alternatives to stream live channels

YuppTV has acquired the rights to virtual stream all 60 matches of  Dream11 Indian Premier League 2020. With no fans allowed in...