Apple co-founder Steve Wozniak has joined the team of investment-focused crypto startup Equi Capital, which aims to help both retail and professional investors purchase equity in companies in an effort to replace traditional investing firms. Wozniak did not provide details on what his role would be at the startup.
‘Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for bitcoin,’ Steve Wozniak explained.
Steve Wozniak’s choice of the project is a little surprising. Equi has had something of a bumpy path so far. Initially launching its token via an ICO, lack of interest and missed targets reportedly saw the sale cancelled and pre-sale investors refunded.
A follow-up bounty scheme to reward users with tokens for publicizing the project also saw major issues when a partner marketing company soon walked away, the news source indicates. Going the bounty route also raises the thorny issue, as reported by CoinDesk, that the U.S. Securities and Exchange Commission has indicated that even giving away tokens may break securities rules.
As a reminder, earlier this year, Wozniak said that blockchain is a bubble which could have potential in the future. At the same time, he has admired the Bitcoin, calling the coin “the only digital gold”.