Steve Wozniak: Blockchain is in a Bubble due to the Hype

Apple’s Co-Founder, Steve Wozniak, has often voiced his positive opinion on Bitcoin, but it seems like he doesn’t have the same view on blockchain technology – for now. During a speech he held at the NEX Technology Conference in New York, Wozniak made several statements concerning blockchain technology.

He compared the current hype to that of the dotcom era, when companies promised life-changing innovations, yet quickly failed. According to him, “It was a bubble, and I feel that way about blockchain.” Wozniak likely hinted at start-ups holding ICOs, as many advertise the implementation of innovative, blockchain-based ideas, yet a large number nose-dive and don’t follow-through with their plans. Despite this statement, the Apple co-founder believes in the potential of blockchain technology, thanks to its decentralized and trustworthy status.

However, similar to the internet, it may take longer before the technology becomes a mainstream and enhancing aspect of our daily lives. “If you look now you say all that internet stuff happened, we got it, it just took a while. It doesn’t change in a day, a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run”, Wozniak said.

It is interesting to point out that a month ago, at the ‘We Are Developers’ Conference in Vienna, Woz had a more confident approach towards blockchain technology, when he was stating that “blockchain is the next major IT revolution that is about to happen.” Despite his current bearish opinion on blockchain technology itself, Woz reiterated his support for Bitcoin and also talked about the potential of Ethereum. According to him, the technology has the potential of outliving the hype, due to its use cases, alongside the tools it grants developers for building decentralized applications.


Featured image via BigStock.

binary options europe

Powered by WPeMatico

Leave a Reply

Your Name (required)

Your Email (required)

Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE

      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?