Addressing the Money 20/20 conference in Las Vegas on Sunday, Steve said he has admired blockchain technology since it was first introduced.
According to him, Bitcoin is more real and genuine when compared to the dollar, which he called “phony” since the government can arbitrarily print it.
Wozniak even compared Bitcoin to actual gold, but favored the former due to its mathematical certainty: “There is a certain finite amount of Bitcoin that can ever exist. Gold (COMEX: GC) 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.”
The Apple co-founder also praised the blockchain technology, which, he said, is opening up possibilities that weren’t possible before. “Right now, there is conflict with minerals in the world, and you don't want to buy conflict minerals. Well, how do you avoid it? They are applying the technology (blockchain) where all the payment can only go to the good, legitimate sources that don't have conflict minerals.”
Wozniak, a programmer himself, also hailed smart contract platforms such as Ethereum (ETH/USD), which according to him, open new opportunities for developers to code programs that can change the way we conduct value-transactions.
He believes we're just seeing the beginning of huge things to come, adding "There is a lot more to this cryptocurrency than just the Bitcoin.”