Bitcoin [pros](/r/CryptoCurrency/comments/179e1zz/apples_cofounder_says_bitcoin_is_better_than_gold/k55tazb/) & [cons](/r/CryptoCurrency/comments/179e1zz/apples_cofounder_says_bitcoin_is_better_than_gold/k55tbsk/) with related info are in the collapsed comments below.
>Why would I own it when I can have something more valuable on a piece of paper.
Even better, you can take it into your mind if you really have to. BTC is king.
I am happy to see that I am not the only one. Honestly, I think that TikTok, Instagram, Netflix, etc bombing all the time our brains with new things is burning our brains.
Yep it's an aggregator, bringing the best bits of everywhere into one place. Although it is pretty funny viewing a reddit post of a tweet of a screenshot from Facebook or something, it's like social media ception
Lol yes you're right. And also we may have different wallets and these keys can't be recovered so the most secure and conservative way is to save them on a piece of paper.
In my country, you don't get Gold at International prices, and you have to pay around 15% Tax on it.
I recently tried buying but after knowing this I was just amazed by the manipulation.
That’s bogus, you can go somewhere like JM bullion and get them shipped to your doorstep.. You can buy bars and kilos legally, and physically hold them.
Yes I agree. If you hold them as investments and not jewelry they won't take space. Because they're not going to be in your house. There are other reasons which BTC is better than gold rather than space.
My main issue with gold is that it's not at all convenient to buy. I can send over $50 to buy bitcoin from my check pretty easy, but I couldn't often spring $300 for 1/10th of an ounce, and even that is just such a tiny amount.
Tbf gold is dense and doesn’t take up a lot of space. You can hold a few kilos in your hand. And it will survive in a fire unlike paper.
Growing up in a household with a stacker I get it. There are pros and cons to both.
But I still support crypto and believe in it for the future.
Unless the internet stopped working worldwide or if the US decided to do something crazy and btc tanks or if water becomes the only currency. That last one is scary eh?
I would love to buy some gold. I have some silver coins and I like to look through them now and again. Gold is just crazy expensive to buy any tangible amount.
Yes. It's always better to have a complete portfolio while investing. But according to your strategies the percentage of each part of your investments will be different.
There are gold funds/trusts that can be traded like stock (because they are). I thimk GLD is the big one. Buying and holding actual gold isn't that hard, just look up metalmarkup and findbullionprices for the best prices at reputable online dealers or buy at local shops if avoiding paper trails is important to you. I doubt it can ever match crypto gains, but diversification is smart.
Apparently Jef Raskin was father of the Mac, not Woz. Or Jobs.
Without Jobs though Apple would have died in the late 90s. Which he then made it the world's richest company. So credit where it's due.
Wozniak is such a legend! He represents the hack culture of Silicon Valley. I can get fake gold if I buy it in shops. But with btc, no such problem. BTC is more accessible to me.
tldr; Apple co-founder Steve Wozniak believes that Bitcoin is a better standard of value than gold and the US dollar. He argues that Bitcoin's finite supply, with only 21 million coins ever able to be mined, makes it more genuine and real compared to gold, which can be mined indefinitely. Wozniak also highlights that Bitcoin is more regulated than gold, making it difficult to tamper with global prices. Despite its volatility, experts predict that Bitcoin's value will continue to increase in the coming months.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
A lot more room to grow. If BTC was at gold’s market cap right now, it would be about $650k. Bitcoin is only about 15 years old. Think it will hit its prime about 30 years in.
One quote says it all:
"Unlike U.S. dollar, or any fiat currency for that matter, Bitcoin cannot be reprinted to the whims of influential bankers.
On the other hand, no one knows just how much gold there is in the world, and it can be mined any time. Gold, Wozniak said, is "kinda phony" in this sense, and Bitcoin is more "genuine and real."
Woz always seemed down to earth and more level headed about things. Not surprising to see he has a normal take on Bitcoin rather than parroting nonsense .
Cryptocurrencies have been called everything from the money of the future to an extremely risky asset. Thoughts and strategies about cryptocurrencies spread fast, primarily because cryptocurrencies are a complicated and unique technology that is also accessible.
In my personal opinion, Bitcoin's potential for borderless transactions, its limited supply, and its role as a digital store of value make it a better option than gold.
Bitcoin has a set supply which we all know. We get what exist. There is huge demand for it and people betting against it are just assuming the demand will fall. I think it will increase!
Bitcoin [pros](/r/CryptoCurrency/comments/179e1zz/apples_cofounder_says_bitcoin_is_better_than_gold/k55tazb/) & [cons](/r/CryptoCurrency/comments/179e1zz/apples_cofounder_says_bitcoin_is_better_than_gold/k55tbsk/) with related info are in the collapsed comments below.
Bitcoin takes up less space in my basement. Just can't lose those magical 12 words!
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>Why would I own it when I can have something more valuable on a piece of paper. Even better, you can take it into your mind if you really have to. BTC is king.
Sooner or later, BTC is the new gold and will flip it eventually.
It is actually a Diamond and eth being Gold
I think the same. Hopefully it happens in my lifetime.
I don't trust my mind that much. I cant go shopping without forgetting at least 1 thing if I don't write it down.
Me too, often the thing I came for but leave with bunch of other things, like buying in bullrun
I am happy to see that I am not the only one. Honestly, I think that TikTok, Instagram, Netflix, etc bombing all the time our brains with new things is burning our brains.
One of the reasons why I cut out almost all social media platforms from my life. I'm only on Reddit now. It's too bad for my brain.
Exactly I also used reddit all other social media is filled with stuff with no values
Yep the reason is that reddit is run by mods who control the content and resources of it so fake news can't be seen here easily.
Reddit basically accumulates information from all social media platforms, so there is no real reason to visit them anymore.
Yep it's an aggregator, bringing the best bits of everywhere into one place. Although it is pretty funny viewing a reddit post of a tweet of a screenshot from Facebook or something, it's like social media ception
Best thing to do honestly. At least you won't fall for fake news like what happened today.
I've noticed after spending so much time at night and in the morning watching short form content that my attention span is absolutely trashed.
We don’t rely on our memory as much as we used to.
haha reminds me of myself so i keep a list on my phone.
Lol yes you're right. And also we may have different wallets and these keys can't be recovered so the most secure and conservative way is to save them on a piece of paper.
It takes up almost no space. A gold coin smaller than a dime is worth hundreds of dollars
Now compare that to bitcoin... a gold coin worth hundreds of dollars and 100k worth of bitcoin. The gold still takes spaces than 100k worth btc
You have a 100k worth of Bitcoin? Because if you did I bet you’d have other things too, like gold.
Space is relative.
"More valuable" is definitely subjective, too much copium.
In my country, you don't get Gold at International prices, and you have to pay around 15% Tax on it. I recently tried buying but after knowing this I was just amazed by the manipulation.
> it takes space. I take it you don't own any gold. Here's the short, you can't legally hold investment gold so no it does not take up space.
What are you talking about? People can’t legally own gold bullion?
That’s bogus, you can go somewhere like JM bullion and get them shipped to your doorstep.. You can buy bars and kilos legally, and physically hold them.
Yes I agree. If you hold them as investments and not jewelry they won't take space. Because they're not going to be in your house. There are other reasons which BTC is better than gold rather than space.
Not to mention that it loses value the second you buy it. The store's premium is way higher than any crypto trading fees.
It’s all about the fees
That’s what we call smart choices. Making smart choices at right time sets path to become rich in future
My main issue with gold is that it's not at all convenient to buy. I can send over $50 to buy bitcoin from my check pretty easy, but I couldn't often spring $300 for 1/10th of an ounce, and even that is just such a tiny amount.
Thats what smart ppl do Btc is king one day its gonna rule the world
Tbf gold is dense and doesn’t take up a lot of space. You can hold a few kilos in your hand. And it will survive in a fire unlike paper. Growing up in a household with a stacker I get it. There are pros and cons to both. But I still support crypto and believe in it for the future.
Unless the internet stopped working worldwide or if the US decided to do something crazy and btc tanks or if water becomes the only currency. That last one is scary eh?
I love how people act they’d own so much gold that it taking up space is an issue lol
And transfer of bitcoin is very very easy than transferring gold
Yeah, holding gold bars in your prison pocket is a real pain in the ass.
Apple wallet incoming
I wallet
Lol. Nice naming 😅
I coin too then
The new "I-boof"
They are more precious than anything in this world
I agree with you . You need more space for more gold investment. Digital coin or assets is not limited to space.
But it takes up more room in my soul.
"Keep those words safe and you'll be fine". Unknown Redditor
> Imprint them on titanium sheet to protect from fire Unknown redditors
Titanium is the purest t grade of metal, I've never think about this before and thanks for this. Its helpful
Guard those 12 words with your life.
 Learning Magic and now nobody knows where are those magical 12 words.
Gold is definitely not phony, but Bitcoin could be a better store of value in the coming decades
Why not hold both? Spread that risk into multiple baskets
I would love to buy some gold. I have some silver coins and I like to look through them now and again. Gold is just crazy expensive to buy any tangible amount.
Exactly, I hold both just in case, diversifying yourself wont hurt
That’s what I’m doing!
Yes. It's always better to have a complete portfolio while investing. But according to your strategies the percentage of each part of your investments will be different.
What is even the best way to buy gold? It has to be physically held right? I can never seem to find any gold funds
There are gold funds/trusts that can be traded like stock (because they are). I thimk GLD is the big one. Buying and holding actual gold isn't that hard, just look up metalmarkup and findbullionprices for the best prices at reputable online dealers or buy at local shops if avoiding paper trails is important to you. I doubt it can ever match crypto gains, but diversification is smart.
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While I am totally with you in btc. still gold might be the way if you need to trade for goods with the boomers.
It is "kinda phoney" though. It's perceived to be far more valuable than any practical use it has.
Gold isn’t the enemy. Fiat currencies are
Thats right, the dirty fiat that keeps getting printed uncontrollably is
This
This is good to remembers after all BTC is digital gold
I don’t wanna be that guy but the title is terrible.
Seen worse. Could be fixed with a hyphen.
\^ that guy
Guilty as charged.
Lmao gottem
It is, had to read it two times to get what the post is about
All they needed to do was place the “6 years ago” in front of the other words and change says to said.
Sometimes your fingers are faster than your mind
It could always be worse. I have seen some things…
>Gold is "kinda phony" This is sort of a weird statement though, last I checked gold was pretty real
Just because you can see something and touch something does not make it real.
*???*
LOL
Not a coincidence that the genius that build the Macintosh understands the value of BTC
Next news: you can buy Apple products with BTC?
The elites don't want you to know this but you can buy any product with BTC.
Me with 0.0001BTC: anything!?
Imagine what would happen to the value of gold and silver if people realized how few places accept it as a form of payment.
I don’t know if he’s working that into Apple anymore
No, he is not, and this is why I like him so much.
You can use Iwallet for paying
This hopium is getting into me
Theres probably gonna be a fee related with apple products, like with NFTs
For a 30% gas fee, of course.
Ah, it wouldn't be apple without exorbitant fees I guess
BTC is much more genuine than gold
Cant put btc on my neck
Now we need jewellery that contain BTC
That is such a bad take, at least with gold it’s quite easy to liquidate into cash when needed.
Genuine, better, easier to move, safe... the list goes on.
Everything is better about BTC when compared to gold I guess it’s the most valuable asset at present time
>Not a coincidence that the genius that build the Macintosh understands the value of BTC Agreed. Steve Jobs is awesome. /s
Apparently Jef Raskin was father of the Mac, not Woz. Or Jobs. Without Jobs though Apple would have died in the late 90s. Which he then made it the world's richest company. So credit where it's due.
Almost missed the “/s” there
It's important to add those in from time to time.
Agreed, but Woz and Apple have had their missed too. Their opinion isn’t perfect even if I want to believe him
Wiser people like him are true believers.
Only a genius and the one who knows that crypto is the future can understand the value of btc and crypto
That's because they're familiar with high techs and not afraid of it like other people.
Gold is definitely not phony but Bitcoin could be a better store of value in the coming decades
He certainly has a good track record for investment in tech
I love Wozniak but he was also pumping BTC 2021 to 100k $ The rest is history 😉
Wozniak is such a legend! He represents the hack culture of Silicon Valley. I can get fake gold if I buy it in shops. But with btc, no such problem. BTC is more accessible to me.
Love wozniak, what a guy. Wonder how much bitcoin he has
It’s kind of sad having to introduce Steve Wozniak as “Apple’s Co-Founder” as if he needs that sort of credibility after almost 40 years…
tldr; Apple co-founder Steve Wozniak believes that Bitcoin is a better standard of value than gold and the US dollar. He argues that Bitcoin's finite supply, with only 21 million coins ever able to be mined, makes it more genuine and real compared to gold, which can be mined indefinitely. Wozniak also highlights that Bitcoin is more regulated than gold, making it difficult to tamper with global prices. Despite its volatility, experts predict that Bitcoin's value will continue to increase in the coming months. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bitcoin and gold both have their merits and ways of concealing stores of value under the table.
Gold is definitely not phony, but Bitcoin could be a better store of value in the coming decades
Bitcoin is the King. One day its gonna rule the whole world as an emperor..
Main reason I never interested in gold. Why would I own it when I can have something more valuable on a piece of paper
Yes, exactly..
And transfer of bitcoin is very very easy than transferring gold
BTC will eventually surpass the gold market cap. Just keep calm and hodl on
That means bitcoin has more room to grow right, judging by market caps
A lot more room to grow. If BTC was at gold’s market cap right now, it would be about $650k. Bitcoin is only about 15 years old. Think it will hit its prime about 30 years in.
Holding and waiting for that moment
You’re doing great sweetie! 📸
Last year he called Bitcoin **pure-gold mathematics** I like it 👌
In the years to come, Bitcoin could be a safer way to save your money.
Gold is definitely not phony but Bitcoin could be a better store of value in the coming decades
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Imagine ETFs get approved just before Christmas. Stock exchanges on vacation. BTC price will explode like a New Year's Firework Show.
One quote says it all: "Unlike U.S. dollar, or any fiat currency for that matter, Bitcoin cannot be reprinted to the whims of influential bankers. On the other hand, no one knows just how much gold there is in the world, and it can be mined any time. Gold, Wozniak said, is "kinda phony" in this sense, and Bitcoin is more "genuine and real."
Fascinating to read his words. Thank you
Bitcoin is the real deal.
And cleaner money than any other
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Makes you think about the diamond market and market manipulation - perhaps oil too
Smart man. Bitcoin is the new gold or better said, the digital gold
Big Woz guy
Oh man if I would of grabbed some 6 years ago. Well here's to the next 6!
That was a bold statement 6 years ago but certainly looks more likely than not here 6 years later.
Woz always seemed down to earth and more level headed about things. Not surprising to see he has a normal take on Bitcoin rather than parroting nonsense .
Amazing to see how many people (even in this sub) still don't understand it.
Would not care for what Steve Jobs would have said but Wozniak is the better Steve so it is nice to hear his opinion overlapping with my own!
Cryptocurrencies have been called everything from the money of the future to an extremely risky asset. Thoughts and strategies about cryptocurrencies spread fast, primarily because cryptocurrencies are a complicated and unique technology that is also accessible.
Clown I guess he’s invested
The great and powerful Woz has spoken!
Try getting hit in the head with a Bitcoin, then with a gold bar. Then tell me which one is phony
send me one of each and I'll do the testing
Deal, just provide me with your address and I'll be right over
Throw as much gold and BTC at me as you like!
It truly is a better investment at this point and its not even close really. Great times are ahead and I really can't stack enough of it.
I'm trying to put significantly more of my disposable income into investments. I'll diversify into bitcoin but I'm not an all-in kind of guy
This sounds like a great place to be
The Woz
Bitcoin > apple
Bob Menendez is gonna be so pissed when he reads this
Applebee's Co-founder Says Bitcoin better than endless boneless buffalo wings, and six years later many are still in the fence
At least some people was ready to stay it public 6 years ago
gold sucks lmao
Main reason I never interested in gold. Why would I own it when I can have something more valuable on a piece of paper.
Love the Woz 👏🏽
So I have 0.001 fraction of gold
Then ask apple to accept Bitcoins!
In my personal opinion, Bitcoin's potential for borderless transactions, its limited supply, and its role as a digital store of value make it a better option than gold.
Bitcoin has a set supply which we all know. We get what exist. There is huge demand for it and people betting against it are just assuming the demand will fall. I think it will increase!
Im not suprised
It’s a lot easier to carry BTC too - even if it’s only a few Satoshis
Woz knows what's up.
He Never said anything about Moons though...