Steve Wozniak is starting another company, Efforce

Not a good sign when someone is using a famous name to sell crypto tokens without concretely describing how the tokens work or why a blockchain is needed.

It smells like every other token sale: a modern day get-rich-quick scheme, marketed on the back of a vague and fanciful white paper, that will provide the founders with instant wealth and no incentive to deliver anything, while leaving retail investors holding a bunch of worthless tokens.

"Steve Wozniak is starting a second company, 45 years after he co-founded Apple in Steve Jobs’ parents garage in 1976."

This isn't even close to true, as it ignores CL 9, Wheels of Zeus, and Woz U (all founded post-Apple).

Is Woz the founder/CEO of this project, or is he an advisor with an equity/profit share stake?

The article is suspiciously light on details of his day to day role. It also overlooks the dozens of other businesses and projects he’s been involved in since Apple.

From the whitepaper on the EFForce website (https://efforce.io/WP_ENG_V1.pdf): "Each token represents an Energy Performance Smart Contract, which guarantees the savings obtained over a certain period of time, thanks to a specific energy efficiency project. The energy savings generated become a tangible asset held by token holders, who may decide to sell them or use them to reduce their electricity bills."

Isn't it pretty clear that energy efficiency usually does not lead to lower energy use? Couldn't see any mentions of rebound effects on the website.

Also interested in the energy efficiency of the mining. Anyone who has a good explaination for how tokens work compared to cryptocurrencies?

Lastly I think it feels pretty scetchy to name the token after Woz to give it credibility. However he does seem involved judging by the clip on their website.

Interesting concept... if I'm understanding the way it works: it's like a crowdfunding tool for energy saving tech where you potentially get dividends based on the benefits generated (tracked via the blockchain).

Can anyone explain me how a crypto token can be green? Dont you need a lot of electricity for mining and adding to the ledger?

Our hero!

After reading the headline, I was like "Is it in Australia? He's buying Glen Helen Amphitheater? A RaspberryPi competitor? An AR version of Circuit Cellar?" ..then I started reading and went into full marketing buzzword defense mode until I got to the part about how/why the energy credits and my jaw dropped. So friggin' awesome (yeah yeah, I know we're not supposed to use cuss words like awesome --it's "amazing" here in 2021 rofl)