We’ve had a seemingly never-ending parade of crony capitalists, bankers, and politicians calling bitcoin everything from a “fraud” to “Enron” to “junk.”
Yesterday, though, a big name came out on the side of bitcoin. Steve Wozniak, co-founder of Apple.
Notice that while people like JP Morgan’s Jamie Demon and Mastercard CEO, Ajay Banga, have never actually created any real wealth in their lives, Wozniak played a very crucial role in the development of personal computers which has led to the internet… which led to bitcoin… which has created massive amounts of wealth and freedom for the world.
While Ajay Banga runs a legal loan sharking operation that fleeces the poor at rates of 18-40% interest per year, Wozniak is responsible for inspiring a technological revolution that has created untold wealth for billions of people worldwide.
So, it comes as no surprise that the cronies hate bitcoin and that a free market legend, Steve Wozniak loves it.
In fact, he even went so far as to say at the 20/20 Money conference today that “bitcoin is both superior to gold and the phony US dollar.”
He won’t get any argument from us, of course, on bitcoin being better than the phony, terrorist financing currency, or $hitcoin really, that is used for billions of dollars in weapons sales… the US dollar.
But, he continued, “Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but bitcoin is even more mathematical and regulated, and nobody can change mathematics.”
This may get many gold bugs in a huff, but it is generally true. In most ways, bitcoin is a better money in this digital age than gold. It’s just easier, more secure, more limited in supply and cheaper to store, transport and transact.
Gold and silver definitely still play an important role as a proven store of value accepted worldwide, though. And bitcoin and cryptocurrencies are still very, very young and will remain chaotic, volatile and fraught with risk for the foreseeable future.
At The Dollar Vigilante, we recommend holding much more in gold & silver in a portfolio than bitcoin & cryptocurrencies for this reason.
But, it is now interesting to see big names like Wozniak coming out so strongly in favor of bitcoin while the majority of bitcoin haters are all immoral, thieving, illegitimate fascists, bankers and scum of the Earth politicians.
That says a lot!
Wozniak also commented on other blockchain applications, saying that he is excited about smart contracts platforms like Ethereum. He believes that smart contracts will open up as many possibilities as the “tens of thousands of [software] programs” that no one could have imagined before the invention of computers.
Now, that’s an area in which Wozniak definitely has expertise, and he sees what we do, that this is a massive paradigm shift in not just money and banking, but nearly everything.
If you hear any financial advisors calling things like bitcoin, “beanie babies”, I suggest you unsubscribe from their content. If they don’t see that this is the Internet 2.0 in full view and actually think it’s nothing but beanie babies and tulip bulbs… they are so blind to reality that they can’t possibly be trusted to have any serious opinion on anything.
I’ve said for years that this is the second coming of the internet and we’ve made fortunes with our calls. Notice we never get called to be on CNBC about our 200,000% gain on bitcoin and numerous other gains in the tens of thousands of percent?
That’s because the system doesn’t want you to know about this shift. As they say, the revolution will not be televised.
We do have hundreds of thousands of readers and viewers worldwide though, which likely makes our audience far bigger than CNBC, in any case.
And subscribers to The Dollar Vigilante newsletter (subscribe HERE) regularly write in our private subscriber’s only Facebook Group, how much they appreciate not only our service, but the large worldwide community that has grown around it.
Here’s two subscribers comments from just today:
I’m taking the show on the road again this week, going to Austin to keynote speak at the Texas Bitcoin Conference this weekend (use code “ANARCHAST” to get a discount) and then I’m going straight to Portugal for STEEM’s annual conference, Steemfest in Lisbon, from November 1st to 5th.
If you are in those areas I suggest you drop by… just being around the people and the energy in the blockchain space is infectious and can be life-changing… it reminds me very much of internet related conferences in the early to mid-90s.
And if you can’t make it there, definitely circle your calendar for mid-February in Acapulco, Mexico for Anarchapulco, Cryptopulco and the TDV Investment Summit from February 15th-19th.
Whose side would you rather be on… a bunch of thieves, liars, and frauds who all detest bitcoin? Or a bunch of world changers, creators and freedom lovers who aren’t asking for permission… they are just creating new voluntary systems that make the archaic, immoral systems, obsolete.
You know which side I’m on.
EOS to the moon! I'm still waiting on my BTC to EOS trade from yesterday. BTC is a good idea/bad technology. Better crypto investments are on the horizon.
If Steve Jobs was still alive today, I'd bet he would be all over cryptos and working diligently behind the scenes on integrating them into all Apple products.
I wonder how much BTC Wozniak has in his bags. Maybe this whole rally to $6000 was just Wozniak hitting the ASK on Bitfinex. LOL
Wow, at-least some positive news from Steve Wozniak who clearly sees bitcoin for what it is.I love the freedom that bitcoin and crypto currencies has brought and will continue to bring to the masses :)
If bitcoin stays on the side of empowering the people I stand with it and will profit from it. I don't believe it can be controlled or abused. I hope it stays that way because it is very good thing. Freedom and liberty lovers should love bitcoin (and anarchy). It's is a very interesting time to be alive.
If such big people join in, this once again proves the great future of Bitcoin. Thank you for the article
Jeff always posts great content. I heard some rumours about eos's whitepaper that it states somewhere in there that you dont actually own the coin? So how do you properly buy EOS if it is actually possible nd legit?
Guys who understand technology like Gates, Wozniak, and McAfee come out in defense of Bitcoin while the banksters attack it.
What does that tell you? Bitcoin is real and going to challenge for world domination. It will NOT be the only currency, there will be many, but it will be the biggest. We have not seen any run whatsoever since Wall Street is still not involved.
The tech is just too great on the blockchain for it not to totally take over and Bitcoin will get the lion's share of the public market.
It's great and encouraging to find big people who support Bitcoin!
So, are Bitcoin and cryptocurrencies mainstream now?
Not even close to mainstream. We just pasted the 1% adoption. There will be huge growth potential in the 2-3% range. That is expected between early 2018 and the end of 2018!
About as mainstream as astrophysics is.
The average person still has no idea what Bitcoin is nor how it works.
About as mainstream as astrophysics is.
The average person still has no idea what Bitcoin is nor how it works.
Nice post
This is the most accurate talk I have heard in a while, the masses are easily controlled, bitcoin is not, one tells more than the other
impressive Bitcoin price come back after yesterdays fall.. now 1bitcoin=5960.62 .
But 1 BTG(Bitcoin Gold) = $127.26 , not sure how long it will take to boost up
thank you for sharing this amazing article with us @dollarvigilante great content
If bitcoin stays on the side of empowering the people I stand with it and will profit from it. I don't believe it can be controlled or abused. I hope it stays that way because it is very good thing. Freedom and liberty lovers should love bitcoin (and anarchy). It's a very interesting time to be alive.
Sir I salute you! Keep doing what you do!
Bitcoin is helping people in 3 world countries where there currency is basically worth nothing or has collapsed. You can go anywhere in the world and exchange bitcoin into the current fiat currency when traveling. Bircoin hedges inflation, there are so many opportunities that you can invest in ico which are basically ipo initial public offering of new companies. This was only available to one per of the population or institutional investors before cryptocurrency came along. Bitcoin is leveling the playing field and helping so manny people on so manny levels.
Bitcoin is helping people in 3 world countries where there currency is basically worth nothing or has collapsed. You can go anywhere in the world and exchange bitcoin into the current fiat currency when traveling. Bircoin hedges inflation, there are so many opportunities that you can invest in ico which are basically ipo initial public offering of new companies. This was only available to one per of the population or institutional investors before cryptocurrency came along. Bitcoin is leveling the playing field and helping so manny people on so manny levels.
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He was definitely right