4 ms·

Steve Wozniak is starting another company, Efforce

41 points by okareaman 6y ago

okareaman 6y ago
From the whitepaper on the EFForce website (https://efforce.io/WP_ENG_V1.pdf 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."
- deleted 6y ago
  [deleted]
RichEO 6y ago
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.
- kickling 6y ago
  He is listed as a cofounder on their website.
kickling 6y ago
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.
vaxman 6y ago
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)
SheinhardtWigCo 6y ago
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.
- deleted 6y ago
  [deleted]
canada_dry 6y ago
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).
notadog 6y ago
"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).
- nickm12 6y ago
  Wheels of Zeus, what a deep cut! I remember being really interested in the idea of tracking things in the real world from the internet back in 2002. Mesh networking was all the rage too. The world we got is different from what people envisioned then, with our phones being the hub for our personal area networks.
kenowi 6y ago
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?
- isaac21259 6y ago
  Only if it is based on proof of work. Many cryptocurrencies are now based on proof of stake which does not generally require large amounts of energy. See Eth2 for an example.
  - kenowi 6y ago
    So it's about Casper catching up with Snow White. Guess that's why the wozx project is targeting 2026. Anyway, seems like an interesting idea. Thank you.

41 points by okareaman 6y ago

From the whitepaper on the EFForce website (https://efforce.io/WP_ENG_V1.pdf 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."

deleted 6y ago
[deleted]

RichEO 6y ago

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.

kickling 6y ago
He is listed as a cofounder on their website.

kickling 6y ago

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.

vaxman 6y ago

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)

SheinhardtWigCo 6y ago

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.

deleted 6y ago
[deleted]

canada_dry 6y ago

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).

notadog 6y ago

"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).

nickm12 6y ago
Wheels of Zeus, what a deep cut! I remember being really interested in the idea of tracking things in the real world from the internet back in 2002. Mesh networking was all the rage too. The world we got is different from what people envisioned then, with our phones being the hub for our personal area networks.

kenowi 6y ago

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?

isaac21259 6y ago
Only if it is based on proof of work. Many cryptocurrencies are now based on proof of stake which does not generally require large amounts of energy. See Eth2 for an example.
- kenowi 6y ago
  So it's about Casper catching up with Snow White. Guess that's why the wozx project is targeting 2026. Anyway, seems like an interesting idea. Thank you.