Steve Wozniak Compares Ethereum to Early Apple 🚨 This article is 7 years old...
Steve Wozniak Compares Ethereum to Early Apple
2 min read
Updated: Nov. 7, 2019 at 2:44 am UTC
Photo by Arturo Castaneyra on Unsplash
The co-founder of Apple, Steve Wozniak, compared Ethereum to the early days of Apple in the 1970’s.
Apple may be leading the tech giant race towards a trillion-dollar valuation with a current market cap of over $917 billion, but the early days of the company, according to Wozniak, are similar to the status of Ethereum.
During the recent WeAreDevelopers conference in Vienna, Wozniak likened the technological foundation of Ethereum to the creation of the Apple 2 computer:
“Ethereum interests me because it can do things and because it’s a platform. When we started Apple, our Apple 2 computer was a platform. Here’s all the documentation, open source, you can see how you develop parts, look at the examples we have done. How to develop software, how to modify the softwares in here. It was a platform for others, so thousands of companies started up. Sometimes high school kids started their own company, and then they’d put up little ads in little electronic journals, ads for my product, for the Apple 2.”
Is Vitalik Buterin the Next Steve Jobs?
The similarities between Apple and Ethereum don’t end at the underlying technology. Apple co-founder Steve Jobs shares a similar origin founder with Ethereum mastermind Vitalik Buterin — both saw beyond the need for a college degree, dropping out to pursue the development of innovative projects.
While Jobs dropped his degree in order to pursue classes more in line with his own interests, however, Buterin decided to eschew tertiary education altogether. Like Jobs, Buterin decided to improve upon an existing concept — Ethereum can be considered an evolution of the core concept that drives Bitcoin that has revolutionized the blockchain industry, while Apple catalyzed a revolution in home computing.
ETH Prices Return to Green
Over the past 24 hours, Ethereum prices have returned to positive movement, experiencing a 3.53% increase that has positioned ETH to possibly challenge the $700 mark once again.
While Wozniak admits that he doesn’t speculate on the cryptocurrency market, he has stated that he holds a small amount of ETH and BTC despite losing 7 BTC to a scammer earlier this year.
