Crypto Investors Expect Too Much From Cryptocurrencies, Says Apple Co-founder

2018-10-2 19:33

According to reports on Arabian business, Crypto Enthusiast and Co-founder of Apple, Steve Wozniak, at the Mastercard’s “Connecting Tomorrow” event in Barcelona, stated that the slow growth of the crypto industry could be likened to the early days of the internet.

He further explained that many crypto investors have already projected how the growth of cryptocurrency would be, and they keep expecting too much from the young industry. Wozniak doesn’t share the same optimism with them as he feels that industry would not achieve all that is expected from it within a short period just like the early days of the internet.

“It is not going to go very fast. In those early days of the Internet, people started talking about apps that would let you book your airplane flight, apps that make reservations, do everything in your life. But it didn’t happen very fast, and there was a huge crash. The bubble burst.” he explained at the event.

Need for Centralized Control of Cryptocurrency

The co-founder talked about the decentralized nature, and the anonymous feature cryptocurrencies possess. He believes that cryptocurrencies lack centralized control as to the standards surrounding how it will be transacted among users globally. According to him, “governments are going to regulate that, no matter what.”

While talking about the anonymity feature, he claimed that virtual currencies are “a little too anonymous,” because of the way most coins are designed.

“It’s a little too hard to track down who is doing what transactions and a great part of our life and existence, is knowing what transactions are there so governments can tax them,” he said.

Wozniak also talked about other things in the event, among which include Artificial Intelligence (AI) and its impact on autonomous cars. He explained that he doesn’t believe that the AI system controlling self-driving cars would be able to cope with the realities of driving on roads alongside human drivers.

What are your thoughts on Steve Wozniak comparing the slow growth of the crypto space to the early days of the internet?

The post Crypto Investors Expect Too Much From Cryptocurrencies, Says Apple Co-founder appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0063665 (-100%)

crypto apple investors co-founder growth too much

crypto apple → Результатов: 47


Why Apple Won’t Reveal Crypto and Bitcoin Support at iPhone 11 Event

Today, Apple will reveal the latest iteration of its flagship smartphone, the iPhone 11 during a live-streamed conference hosted by the Cupertino giant. After last week’s comments made by an Apple executive suggesting potential interest in crypto assets like Bitcoin and Ethereum, many from the crypto community are expecting the company to follow Samsung’s lead.

2019-9-10 19:21


LevelApp ICO

LevelApp allows instant exchange of crypto assets to Apple Pay Cash and consequent payment with NFC at any sales point equipped with the payment terminal. When you decide to make a payment with LevelApp, we sell your crypto on the exchange and send you the corresponding amount of money via Apple Pay Cash.

2018-8-30 16:33


Apple Co-Founder Steve Wozniak Discloses Attachment to Controversial Crypto Startup Equi

Though he left the company decades ago, Steve Wozniak solidified his name next to the late Steve Jobs as a co-founder of Apple. Since his departure from the world’s favorite computer company, Wozniak went on to get involved with many technology startups including Electronic Frontier Foundation, while also finding the time to publish an autobiography.

2018-8-22 23:34


Фото:

Apple’s Wozniak Want’s To Make Ethereum Investment More Accessible

Steve Wozniak of Apple fame has finally revealed his plans for his future position within the cryptocurrency community. He’s not backing Bitcoin, nor is he joining Ripple. Wozniak, is about to back a very niche project, one that is based on the Ethereum blockchain by the name of Equi Capital, a blockchain project that is designed to make investment more accessible to everyone.

2018-8-21 16:00


Exclusive Interview: Apple Co-Founder Steve Wozniak Talks Blockchain, Reveals Upcoming Involvement with Crypto Startup

Steve Wozniak, co-founder of Apple, is a computer engineer and inventor responsible for the creation of the Apple I computer as well as a primary contributor to the Apple II. He played arguably the biggest role in the personal computer revolution, and is a forefather of the third technological revolution, which ushered in the era […]

2018-8-19 17:00


Фото:

Google Sends Warning To Cryptocurrency Mining Apps

After Apple did a similar thing, Google have decided to update their Play Store policies which has resulted in banning apps which mine cryptocurrencies like Bitcoin, XRP, and Ethereum. This move comes a few weeks after Apple introduced their own changes to the polices to the App Store Review Guidelines with a new section regarding the restriction of cryptocurrency mining apps.

2018-7-30 06:00