Apple co-founder Steve "Woz" Wozniak has commented positively on the cryptocurrency Bitcoin. This was better than gold and the US dollar, said Wozniak at a conference.

Wozniak finds Bitcoin better than gold and dollar

Steve "Woz" Wozniak rarely keeps his opinion behind the mountain. Most of the Apple co-founder comments on new developments in the group from Cupertino - last, for example, he let know that the iPhone X is the first iPhone, he did not bother to buy immediately. At the Money 20/20 conference in Las Vegas, which discusses the future of money and financial technologies, Wozniak broke a spear for bitcoin cryptocurrency.

Bitcoin is better than gold and the US dollar, Wozniak said, according to a report by Bitnews Today. Unlike gold, which can be mined and mined, there is a limited amount of bitcoins. And even if the amount of gold is also limited, so the Bitcoin based on unchangeable mathematical foundations and is regulated. By contrast, so-called fiat money, such as the US dollar or the euro, can simply be reprinted by bankers. With Bitcoins, Wozniak says, that's not possible.

Similarly, McAfee founder John McAfee had argued in recent months. In mid-October, McAfee also parried the verbal attack of JP Morning boss Jamie Dimon, who had previously labeled Bitcoin a "fraud." McAfee told the US news media TheStreet that he would instead call the US dollar a fraud. After all, it costs around USD 1,000 to mine a bitcoin, while the US dollar only costs the paper on which it is printed.

Bitcoin, Blockchain, ICOs: Criticism versus Recognition

Heads of state and bankers are the biggest fear of cryptocurrencies like Bitcoin, McAfee argued. While some countries, such as China, prohibit or at least hinder Bitcoin trading, other countries, such as Australia or Estonia, are considering adopting a cryptocurrency as their official currency.

image courtesy: cointelegraph