Apple co-founder Steve Wozniak has been a long time Bitcoin evangelist and remained much vocal about his fascination with the world’s largest currency. In the past, Wozniak has made some bold statements claiming that he would want Bitcoin to be the world’s single currency in the future while replacing the U.S. Dollar.
This time, Wozniak prefers to become a part of the blockchain ecosystem joining an investment-focused cryptocurrency startup called Equi Capital. In the latest conversation with Null Transaction, Wozniak said that this would be for the very time he will be working with a blockchain-focused firm and also added that he “was amazed at the technology behind [cryptocurrency].”
Wozniak did not explicitly state his role in the crypto startup but said that they would begin the operations in the crypto-friendly state of Malta where regulatory framework supports the growth and development of blockchain projects. While giving little highlight into the startup operations, Wozniak said:
“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. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for bitcoin.”
Previously, Wozniak has remained a lot skeptic of the blockchain technology wherein he has gone to the extent of praising Bitcoin but calling blockchain a ‘bubble.’ We have usually been hearing a reverse narrative in this case where many analysts have been praising the blockchain technology for the potential use cases the technology offers.
However, Wozniak’s curiosity for understanding the blockchain technology made him more aware of it finally turning him into a blockchain proponent. He said:
“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!”
Wozniak also expressed his enthusiasm about blockchain and the number of industrial applications that it can cater to. He said:
“It’s so independent! It’s kind of like the internet when it was brand new… I was amazed at the technology behind it. People start up companies that do other things in life. I’ve encountered people working in real estate avenues, types of Uber systems, everything we’ve got in our life, especially involving transactions – retail sales, car sales, manufacturing of goods… working on Bitcoin applications… and they all have value. Every single one you hear about, to me, has value…. A few people can see the value, which reminds me very much of the early internet days.”