Apple Co-Founder Steve Wozniak Gets Involved in a (Shady?) Blockchain Project

Like so many others before him (and probably after), it appears that the legendary co-founder of Apple, Steve Wozniak, has been just as confused and full of contradictions about crypto – and perhaps even more.

After several somewhat conflicting proclamations about Bitcoin and blockchain in the past (see summary below), at the ChainXchange blockchain convention on August 15, Wozniak reiterated some of his best Bitcoin hits:

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.

Bitcoin is based on mathematics and mathematics is like nature and nature is better than human beings and human beings ruin things so Bitcoin is immune to that. Huh, that actually makes sense. But that wasn’t the really interesting revelation by Wozniak that evening; Woz divulged that he had finally decided to jump on the crypto wagon as well.

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. 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. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference. Some countries are very positive about [blockchain] the same way they were about electric vehicles.

Wow, that actually sounds genuinely exciting – the fact that Steve Wozniak is about to partake in a blockchain project is objectively thrilling. But somehow there’s a but coming…

But! It appears that Equi Capital, the blockchain company with which Wozniak is getting involved, is tinged in at least some shady colors. The founder behind Equi Capital is Baroness Michelle Mone, who has quite a dubious record: she lost a case against a former employee who had sued her for secretly bugging his office, and Equi Capital itself underwent a botched initial coin offering (ICO) that left thousands of bounty participants feeling angry and exploited after discovering that false promises had been made to them. So Wozniak first blockchain project might not turn out to be so great. Damn.

For those of you who find it hard to follow the Adventures of Woz in the Crypto World, here’s a recap of the previous episodes:

In October 2017, Wozniak expressed his unyielding conviction about Bitcoin by affirming that it is better than gold, which excited many crypto fans. Six months later, however, he curbed their enthusiasm by stating that it would take a decade for Bitcoin and blockchain to reach their full potential. Then, in the beginning of June, Wozniak again referred to Bitcoin as “pure digital gold” and revealed that he had acquired the cryptocurrency when it was worth merely $700; he even added that he bought into Twitter CEO Jack Dorsey’s statement that Bitcoin would ultimately become the single currency of the world. Less than a month later, he called blockchain – the engine behind Bitcoin – “a bubble.”

I don’t know why, but I have a feeling that we’re going to have a whole new season of the Adventures of Woz in the Crypto World very soon.