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Apple co-founder Steve Wozniak believes that blockchain is a bubble similar to that of the dotcom era. The difference is that the current on could have potential in the future, he said yesterday.

During the NEX technology conference in New York, Wozniak said that the dotcom era created a similar kind of excitement around organizations that did not end up delivering on their promises: “It was a bubble, and I feel that way about blockchain.”

Although, Wozniak added that blockchain is “decentralized and totally trustworthy,” noting that it just may “take a while” for its potential to fully come to fruition:

“It doesn’t change in a day, a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

Apple co-founder had expressed similar feelings about the future potential for both blockchain and cryptocurrencies before. In mid-May at a conference in Vienna, Wozniak had also compared Ethereum’s platform to Apple’s platform, stating that it could become just as influential as Apple in the future.

Yesterday, Wozniak even mentioned the possibility of using blockchain for a social network competitor to Facebook, which he said was currently a monopoly in the sector. Bitcoin is still “just amazing”, he expressed.

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