Apple co-founder warns block chain bubble

Apple’s co-founder Steve Wozniak’s remarks sparked concerns that he said the blockchain’s speculation showed a bubble in the field.
Steve Wozniak, who co-founded Apple with Steve Jobs, said he believes blockchain technology has real potential because blockchain is “distributed and fully trustworthy.” But compared to many people’s expectations, it may take longer to achieve the prospect of speculation.

“There’s a bubble,” wozniak told the NEX technology conference in New York. “it’s my sense of the blockchain.”

Wozniak also said, “From the current point of view, you will say that all those Internet ideas have been realized, but we all understand that it took some time. This is not changed within a day, many blockchains The ideas are very good. If they come out early, they will gradually disappear because they are not prepared for long-term stability.”

Jack ma, the founder and chairman of alibaba, warned of a possible bubble in encrypted currency and the possibility of intense speculation.

In other news, there are reports that Facebook (NASDAQ: FB) is withdrawing the ban on cryptocurrency ads, which will allow some pre-approved advertisers such as exchanges to promote cryptographic services and services.
Facebook banned all ads on cryptocurrencies in January to prevent the market from posting misleading or deceptive financial products and services on the Facebook platform.

Source: Investing