Apple co-founder Steve Wozniak has spoken out about Bitcoin in a revelation that many would consider bullish in sentiment. Wozniak, in an interview with Bloomberg, has said of the coin that “we’ve seen massive value creation.”

He also puts most of the market volatility down to fear-mongering and psychology.

Apple’s Steve Wozniak

The co-founder of Apple has always spoken highly of the coin and once said it would become the world’s single currency.

The interviewer challenged him on this view asking him if he still had the same opinion considering “we’ve seen massive value destruction in Bitcoin.”

But to that question, Steve Wozniak remained as bullish as ever about Bitcoin by saying:

“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”

Steve Wozniak and Bitcoin

The tech icon has owned Bitcoin in the past. In the interview, he elaborates on this saying that he only kept it to experiment with and to experience the coins development, not for profit or typical investment reasons. He explains how he sold it when the price got really high:

“I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”

Blockchain

Although bullish on Bitcoin, Wozniak has been apprehensive about blockchain—the technology that underpins the digital asset—in the past. He has compared this industry as the next potential dot com bubble believing that many blockchain startups will inevitably over-promise and under-deliver as much as the computer industry did in the ’90s. At an event in New York in June last year, he said the following:

“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.”

On the ’90s hype over the growing computer industry, Steve Wozniak commented: “It was a bubble, and I feel that way about blockchain.”

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Ripple to the Rescue

And while there is some potential truth in Wozniak’s concern, blockchain companies such as Ripple have been laying the groundwork in recent months to make sure that exact problem doesn’t happen.

Ripple has invested millions of its own hard-cash into a program called the University Blockchain Research Initiative (UBRI). The UBRI is focused on developing the upcoming generation of blockchain developers, ensuring the talent is there to keep this industry alive and growing.

At present, it has 28 universities attached to its self-funded $50 million USD initiative.

Do you agree with Wozniak about Bitcoin? Is he right to be bullish on the coin? Should we be more wary of blockchain hype?

Let us know!

Featured image: DepositPhotos © toxawww

It says a lot for cryptocurrency everywhere that one of the biggest phone brands in the world has added support for digital assets in its latest release. Samsung’s new Galaxy S10 series has done just that, with a built-in wallet function for Bitcoin, Ethereum, and two other altcoins.

Samsung Galaxy S10 Supports Crypto

A Samsung official unveiled the phone’s new features at the Mobile World Congress in Barcelona, Spain yesterday.

The phone has been created with “various crypto and blockchain related projects” as standard on the device. It presented COSMEE, a blockchain-based beauty social media platform, as its first dApp partner.

COSMEE

Serviced by Cosmochain blockchain, COSMEE is a well-known dApp in Korea that uses the blockchain to share and log beauty content. Users can earn COSM tokens on the service by uploading beauty reviews within the application. These reviews reward the user COSM cryptocurrency depending on ratings given by other users. Users can spend COSM tokens within the application.

According to dApp Life:

“Cosmochain explains that a trustworthy reward system can be created, as all activities including reviews and evaluations can be recorded on blockchain.”

Enjin Crypto Wallet

The tech giant also unveiled its support for Enjin on the Samsung Galaxy S10. Enjin is a South Korean cryptocurrency wallet that is pre-installed on the phone. Enjin is reportedly capable of sending and receiving ERC-20 tokens and ERC-1155 crypto game assets.

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Galaxy S10

Samsung first unveiled the Galaxy S10 at the Galaxy UNPACKED 2019 event in San Fransisco. Here, it revealed the ‘Galaxy Keystore’, which allows for the safe deposit of digital assets. Until today, the company did not disclose what specific cryptos or dApps it would support. Samsung has been actively engaging with a variety of dApp projects with a means to become a platform supporting a variety of different services.

What do you think of the Galaxy S10 support for cryptos? Is this a bullish move?

Featured image: DepositPhotos © KostyaKlimenko