Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Apple Legend Steve Wozniak Says Bitcoin Is Better Than The Phony US Dollar

Currencies / Bitcoin Oct 27, 2017 - 12:16 PM GMT

By: Jeff_Berwick

Currencies

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.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in