Thorough reviews of Worldcoin's Tools For Humanity project remain inconclusive. Although heavily criticized by some for potential misuse or abuse of registered user data, the project is still in the early stages of the user registration process and how it al comes together remains to be seen.
It seems odd that Worldcoin would be conducting privately funded independent research on UBI technology. Although, some of the countries in which the project is currently running do have concerns over identity verification when it comes to voting, for example, and the technology may improve election integrity in those regions.
Founded by Sam Altman, Max Novendstern and Alex Blania. YAHOOFINANCE
Worldcoin is an iris biometric cryptocurrency project developed by San Francisco and Berlin-based Tools for Humanity. Founded in 2019 by OpenAI chief executive Sam Altman, Max Novendstern, and Alex Blania, it is backed by VC Andreessen Horowitz. WIKIPEDIA
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From this video:
Founded by Sam Altman, Max Novendstern and Alex Blania. Worldcoin foundation incorporated in the Cayman Islands last year (2022). Foundation is 'memberless' meaning it has no owners or shareholders (from the video). Governed by a board consisting of three people.
6:30 'Before they scan your iris, you need to download the app. Optimism.
8:44 Tokenomics section on website geofenced in certain countries.
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"If even one Orb manufacturer is malicious or hacked," Buterin wrote in a blog post about Worldcoin, "it can generate an unlimited number of fake iris scan hashes, and give them World IDs."
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Alex Blania & Sam Altman
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The company's website described Worldcoin as an Ethereum-based “new, collectively owned global currency that will be distributed fairly to as ...
Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users The startup promises a fairly-distributed, cryptocurrency-based universal basic income. So far all it's done is build a biometric database from the bodies of the poor.
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Forbes - 'this cryptoasset is not available in the U.S. due to the regulatory environment.'
Open AI, Worldcoin, Sam Altman
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You have to do this because we screwed you over by taking your jobs - here is your consolation prize
(October 2022) Worldcoin foundation incorporated in the Cayman Islands (3:17)
Foundation is memberless meaning it has owners or shareholders
Governedred by
U.N. sustainable goals
App, Wallet, Token
$50 Million to develop tech.
Hardware reportedly developed in Germany but website does not state that.
360 active orbs
Handpicked operators determined by Worldcoin incentivized for iris scanning.
5:58 - axiom - Biometric data never leaves the Orb. Once you’ve signed up, it’s permanently deleted.
It never leaves the Orb does not equal it’s permanently deleted.
Iris code remains on the Orb. So it is like a hard drive with your wallet address? No. Is not linked to your wallet.
As a result it tells us nothing about you… So what do you need it for? All it does is stop you from being able to sign up again. So it does nothing for you.
‘Since you are not required to provide personal information like your name, email address, physical address or phone number, this means you can easily sign up without us ever knowing anything about you.’ Apparently not true, because then why are you doing it? For 2$ worth of free crypto?
According to this video - “It no longer collects data by default. Worldcoin’s old website noted it was sending all data to Tools for Humanity for Training Purposes (training AI?).” But you HAVE to ‘opt out’ so IT IS sending all data to Tools for Humanity by DEFAULT. It would be trued off and you would have to opt in if the previous statement were true.
The hardware is open sourced, yet the data never leaves the Orb???
6:43 BEFORE you scan your iris, you need to download the Worlds own app, so theoretically, your cell phone must be there and active right next to the Orb as you are downloading the app on the same WiFi protocol network.
8:00 1 WLD per week -
Tokenomics section of the white paper is blocked in many countries.
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