It won’t though. It’s a terrible currency.
Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
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Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#12With all due respect to the guy but asking him is the equivalent of asking some random person on the street. He isn't an economist, civil servant or researcher who has actually invested significant thought on the matter. He is just someone who founded Apple decades ago and hasn't done much since. Also it's really just a terrible idea. The volatility, the fraud and ease of theft, the lack of connection to something ph…
He's a brilliant engineer, but, yes... His opinions are not informed ones on this matter.
If he is a brilliant engineer then he probably has done his research on that matter and has come to this conclusion. If he had no idea or at least wasn't informed enough he probably wouldn't comment on it.
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#13With all due respect to the guy but asking him is the equivalent of asking some random person on the street. He isn't an economist, civil servant or researcher who has actually invested significant thought on the matter. He is just someone who founded Apple decades ago and hasn't done much since. Also it's really just a terrible idea. The volatility, the fraud and ease of theft, the lack of connection to something ph…
He may have done his research and came to that conclusion, he isn't claiming to be an economist, civil servant or researcher.
Also, no one is forcing you to use Bitcoin, Your government, however, forces you to use the state-controlled money.
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#14BUY BUY BUY!
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#15It won’t though. It’s a terrible currency.
It will, it is an excellent currency
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#16With all due respect to the guy but asking him is the equivalent of asking some random person on the street. He isn't an economist, civil servant or researcher who has actually invested significant thought on the matter. He is just someone who founded Apple decades ago and hasn't done much since. Also it's really just a terrible idea. The volatility, the fraud and ease of theft, the lack of connection to something ph…
> the lack of connection to something physical Do you get paid in something physical? Do you think there are notes or precious metals sitting in a safe somewhere that you just never use? I suggest you study money. Also don't use the word whom unless you know how to.
I am referring to the use of Bitcoin as a mass market currency. Physical currency is still useful in many situations where there is (a) no/intermittent networking, (b) when the cost of the purchase is less than the financial overheads and (c) for truly anonymous purchases.
I could keep going. There is a reason that even in countries like Australia where we have widspread tap to pay that cash is still pervasive.
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#17With all due respect to the guy but asking him is the equivalent of asking some random person on the street. He isn't an economist, civil servant or researcher who has actually invested significant thought on the matter. He is just someone who founded Apple decades ago and hasn't done much since. Also it's really just a terrible idea. The volatility, the fraud and ease of theft, the lack of connection to something ph…
He may have done his research and came to that conclusion, he isn't claiming to be an economist, civil servant or researcher. Also, no one is forcing you to use Bitcoin, Your government, however, forces you to use the state-controlled money.
I never said he was claiming to be anything. But the media is covering him because he's the ex-founder of Apple not because his opinion has some unique merit.
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#18Is bitcoin not already a global currency?
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#19Earlier quoted context omitted.
I agree with most of your points, except with volatility. If bitcoin becomes a global currency then it will have a much higher market cap than now and global support. This means it will have equivalent volatility to the dollar or euro. As adoption increases, volatility decreases. "the lack of connection to something physical" - one can also argue about this. Money in your bank account is pretty much virtual too. If e…
> governments are very scared of having a currency which they cannot control And for a good reason. See: https://en.wikipedia.org/wiki/Great_Bullion_Famine as one of the examples. Bitcoin becoming a global currency would set us about 500 years back when precious metals were the global currency.
That article is irrelevant with regard to cryptocurrencies as they are near-infinitely divisible. There could never be such a "famine".
Re: Apple co-founder Steve Wozniak hopes Bitcoin will become global currency
#20Earlier quoted context omitted.
> the lack of connection to something physical Do you get paid in something physical? Do you think there are notes or precious metals sitting in a safe somewhere that you just never use? I suggest you study money. Also don't use the word whom unless you know how to.
I am referring to the use of Bitcoin as a mass market currency. Physical currency is still useful in many situations where there is (a) no/intermittent networking, (b) when the cost of the purchase is less than the financial overheads and (c) for truly anonymous purchases. I could keep going. There is a reason that even in countries like Australia where we have widspread tap to pay that cash is still pervasive.
Go to China. I do not carry cash at all.