Bitcoin, Crypto currency, Blockchain

Steve Wozniak: Blockchain-Hype could develop into a bubble

36c9a99e645afdbdd4fc65bad844b362 - Steve Wozniak: Blockchain-Hype could develop into a bubble

Steve Wozniak, the co-founder of the technology company Apple, sees in the Hype around the Blockchain has the Potential for a bubble. As a comparison, he draws the dot-com Era, in the Hype around the technology of the Internet. From the Bitcoin Wozniak, in contrast, is convinced, and praises him again.

When it comes to the topic of Kryptowährungern, is the charge of the formation of bubbles is a popular Argument of crypto-enemies. Above all, the Bitcoin sees again and again charges that the end of the hype bubble, the speculation eventually burst. The standard argument was that the Blockchain as a disruptive technology is a major advance, the application crypto-currencies, however, will inevitably lead to the formation of speculative bubbles. This topic, we have dedicated ourselves to in our three-part series.

Blockchain is the bubble, not Bitcoin

Even more remarkable is that Apple co-founder Steve Wozniak blows in the opposite Horn. In the past, had expressed Wozniak multiple positive about Bitcoin, he is convinced. Among other things, he referred to Bitcoin as “digital Gold” and wished that the Bitcoin is the leading currency in the world is to develop.

The risk of a bubble he rather sees in the Hype around the Blockchain. So he draws the comparison to the dot-com bubble of the late 90s, when everything turned to the new and fast-growing Internet companies. So at that time, many companies had promised to develop revolutionary services. At the end of most of them have, however, gone bankrupt.

This does not mean, however, that he believed in the disruptive Potential of the Blockchain. On the contrary, The history of the dot-com bubble and the subsequent development of the Internet, to show exactly what can be achieved by the Blockchain technology.

“If you look now, everything that has happened with the Internet, it is clear that it only lasted for a while. Things don’t change in a day, and many of the Blockchain-ideas that are really good, can be burn, if they come out early and are not prepared, stable over the long term,“

so Wozniak on the NEX Technology conference in New York.

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