The Woz joins the blockchain sector

Apple co-founder Steve Wozniak has revealed plans to join blockchain startup Equi Capital.

“Our approach is not like a new currency, or something phony where an event will make it go up in value,” he said. “It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai.”

The startup plans to open operations in Malta around November 2018.

In an interview with NullTX earlier this week, Wozniak, who has been referred to frequently by the nickname “Woz” or “The Woz,” explained why he changed his mind after initially being reluctant to join the blockchain sector.

He said about the blockchain technology:

At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!

I like to keep up with things… Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics.

There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year; Bitcoin was immune to that.

Woz sees Bitcoin as “digital gold” and Etherum as a platform on which “thousands of companies are developing their own applications.” Be sure to read the full NullTX interview with Woz, conducted