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Apple Co-Founder Steve Wozniak Sues Google and YouTube Over Fraudulent Bitcoin Scam Videos

Legal team for Steve Wozniak, co-founder of tech powerhouse Apple, announced a lawsuit against YouTube and their parent company Google, alleging that the media companies failed to take down fraudulent videos that impersonated Wozniak. The videos were created in the purpose of driving Bitcoin funds.

Apple Demands Justice

Wozniak mentioned that the videos were not only impersonating him, but also other key tech celebrity figures such as Elon Musk and Bill Gates in the efforts of accumulating Bitcoin (BTC) assets. The scam videos in question would illustrate images of Wozniak and misled YouTube subscribers to think that if they sent cryptocurrencies to a designated wallet address, they would receive twice the amount of BTC back. The Apple co-founder stated in his lawsuit that YouTube should have been the one responsible for removing the Bitcoin scam videos.

Wozniak filed the legal complaint under the pretense that YouTube and Google had repeatedly ignored requests to take down crypto scam videos, and that they knowingly promoted and made a profit of the fraudulent streams, by providing advertising on top of it. According to Joe Cotchett, who is part of the Apple co-founder’s legal team, presented this argument:

“When Twitter was hit with a massive hack of 130 celebrity accounts, they were quick to shut down the Bitcoin scam in a day. In a stark contrast, the Complaint alleges that YouTube knowingly allowed the Bitcoin scam to go on for months promoted it and profited from it by selling targeted advertising.”

YouTube Joins Twitter in BTC Scams

What Joe Cotchett was referring to is none other than the infamous Twiter hack attack that happened last week, and that ironically went viral. With investors hoping that the price of Bitcoin will surge on the crypto market, Bitcoin scams are becoming increasingly common.

Last week, Twitter suffered from a similar BTC scam that was so successful and invasive that it locked down the platform for a while. The hack attack was unlike anything Twitter has ever experienced and created quite a ripple, with multiple celebrity verified accounts being compromised. World-famous verified accounts that were ceased ranged from Kanye West’s to political figures Joe Biden and Barack Obama’s Twitter, and similar messages appeared on all platform.

The messages linked the hackers’ wallet address and was used to channel Bitcoin funds straight into the crypto scheme artists’ digital pockets.

Unfortunately, YouTube still appears to be dominating in terms of the platform which scam artists resort to the most. The video content platform has been receiving alot of backlash lately, not only from multimedia tech company Apple, but also from other digital ecosystems that have filed lawsuits for similar reasons.

Ripple Also Rips at YouTube

In fact, earlier this week, cryptocurrency exchange Ripple’s legal team also filed a lawsuit against the video content platform for not taking down XRP crypto scam videos impersonating Ripple Labs Founder Brad Garlinghouse. The crypto exchange founder was even more angered by the fact that YouTube could benefit from paid ads that streamed on their platform and that was generated automatically with the scam videos.

Apple Co-Founder Steve Wozniak’s WOZX is Best Performing Crypto as Price Rallies 100% Again

Apple co-founder Steve Wozniak’s crypto Efforce (WOZX) has rallied by 100% in the last 24 hours, the token price surging from $1.55 to $3.30 at the time of writing.

The overnight WOZX price rally make’s Steve Wozniak’s crypto the best performing digital asset on the market and Efforce now has a circulating market capitalization of over $75 million and is now the 131st largest crypto asset.

With a fully diluted valuation of $3.25 billion, WOZX is now one of the largest cryptocurrencies ever, according to data from CoinGecko.

Apple Co-Founder’s Crypto Project

Efforce is built on the Ethereum blockchain and is mainly trading on HBTC and Bithumb exchanges and Wozniak is listed as a co-founder and engineer at the company. The Apple co-founder is joined by a number of activists and pioneers in green technology.

Efforce is a digital marketplace that fosters funding for sustainable “green” infrastructure projects for corporates and its token is listed as WOZX.

The global energy efficiency market is valued at around $250 billion dollars and Efforce states its mission is to create access for retail and corporate investors to “participate and benefit from worldwide energy efficiency projects,” according to its official website.

Currently, financing energy efficiency measures can be a complex mix of financial and regulatory challenges that limit the speed of growth. Efforce reportedly uses an innovative web-based platform to leverage the blockchain, and tokens called WOZX, as the mechanisms to create a seamless platform to spur global energy efficiency.

In a statement at the token’s launch in Dec 2019, Wozniak explained the impetus behind his venture into crypto:

“We created Efforce to be the first decentralized platform that enables everyone to participate and financially benefit from energy efficiency projects around the world and create significant environmental change.”

Wozniak’s Adventures in Crypto

While Wozniak has always been a Bitcoin believer and managed to buy in when the BTC price was at around $700 per coin. As he revealed to CNBC, the Apple co-founder, unfortunately, sold most of his stash at the end of the bull run of 2017 and 2018—he now holds only one Bitcoin.

At the time of the CNBC interview in 2018, Wozniak said he saw his Bitcoin investment as more of an experiment than anything but remarked on the natural evolution of Bitcoin. He said:

“Bitcoin is mathematically defined, there is a certain quantity of Bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving”

The Apple co-founder’s WOZX token was launched on December 3 on HBTC, one of the largest cryptocurrency exchanges in the world. Like Bitcoin, WOZX has a limited supply but a much larger one of 1 billion tokens. The token’s initial price was 0.1 dollars at the time of launch and reached 1.41 dollars per token and within just five days, the crypto’s price increasing in value by 1,400%.

Efforce’s latest 100% price rally makes the WOZX token the best performing crypto asset currently trading at the time of writing.

Apple Co-founder Steve Wozniak's EFFORCE Crypto Kicks Off on HBTC

Steve Wozniak, Apple’s co-founder, new blockchain project to fund energy-efficiency projects, Efforce has launched its token WOZX on HBTC.com, a 100% Token Holder Owned Trading Platform.

The cooperation between a high-tech team backed by Wozniak and a leading team from the blockchain industry has shown us an ambition that may end up a revolution in the environment and energy industries.

After success with Apple, Wozniak was attracted to the technology of blockchain and use of cryptocurrencies. As a believer in blockchain industry and cryptocurrency economics, Wozniak and other industry veterans founded the energy-efficiency company Efforce.

Efforce is a blockchain-based energy saving platform which provides an innovative way for companies to fund energy-efficient projects and save energy expenses. Launching a token named WOZX, Efforce allows contributors to fund energy efficiency projects by investing in WOZX and be repaid in tokens representing the energy savings achieved.

The energy efficiency market has always been too complex for retail investors. However, with the innovative business model launched by Efforce, anyone interested in energy projects can easily access the market, while companies who wish to implement solutions will be able to negotiate directly with consumers or contributors in the open market. Tokenization will play an important role in this process. With the issuance of WOZX, a contractual relationship between contributors and companies seeking funds for energy projects is formed, allowing contributors to participate directly in the savings generated through the projects.

Wozniak stated in a release:

“We created Efforce to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change.”

The goal is to decentralize the $241 billion energy financing market, much as Apple aimed at in popularizing personal computing. The most important part of Efforce’s project, the WOZX, has been carefully designed and issued. The Wozniak team chose HBTC.com to first launch the WOZX.

Wozniak’s Adventures in Crypto

At the time of the CNBC interview in 2018, Wozniak said he saw his Bitcoin investment as more of an experiment than anything but remarked on the natural evolution of Bitcoin. He said:

“Bitcoin is mathematically defined, there is a certain quantity of Bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving.”

Efforce’s continued climb now makes the WOZX token one of the best performing crypto asset currently trading.

Tech leaders sign open letter calling for AI development halt

Over 2,600 tech industry leaders and researchers, including Tesla CEO Elon Musk and Apple co-founder Steve Wozniak, have signed an open letter calling for a temporary halt on any further artificial intelligence (AI) development. The letter expresses concerns about the potential hazards to society and mankind posed by AI with human-competitive intelligence, citing the risks of AI systems that may be able to learn and evolve beyond human control.

The signatories of the letter urge all AI firms to immediately cease developing AI systems that are more potent than Generative Pre-trained Transformer 4 (GPT-4) for at least six months. GPT-4 is a multimodal large language model created by OpenAI and the fourth in its GPT series. The aim of the proposed moratorium is to allow time for comprehensive risk assessments to be carried out and for the development of new safety protocols.

However, the petition has divided the tech community, with some opposing the call to halt AI development. Coinbase CEO Brian Armstrong, among other notable names, voiced his opposition to the petition, stating that “committees and bureaucracy won’t solve anything.” Armstrong added that there are no designated “experts” to decide on this issue and that not everyone in the tech industry agrees with the petition.

Armstrong argued that the risks of new technologies, including AI, are an inherent part of progress, and that centralization in decision-making will bring no good. He reminded that any new technology poses a certain amount of danger, but the goal should be to keep moving forward.

A columnist at LA Times, Brian Merchant, called the petition an “apocalyptic AI hype carnival” and stated that many of the stated concerns are “robot jobs apocalypse” stuff. Meanwhile, Satvik Sethi, a former Web3 executive at Mastercard, described the petition as a “non-proliferation treaty but for AI.” He added that many of the popular signers on the list have a deeply personal vested interest in the AI field and are likely just “trying to slow down their counterparts so they can get ahead.”

The debate around the open letter highlights the complex and multifaceted challenges of AI development. While some experts view the potential benefits of AI as significant, there are also concerns about the potential risks to society and mankind. The debate highlights the need for continued discussion and collaboration among all stakeholders to ensure that the development of AI is safe, ethical, and aligned with the long-term interests of humanity.