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

by Jeff Berwick, The Dollar Vigilante:

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.

Read More @ TheDollarVigilante.com