Worldcoin launch with ORB to scan your eyes

[jubalix]

so, I think this goes against the general philosophy of crypto and the value proposition.
you can be sanctioned, becasue the can link it to you.
I feel AI people have missed the concept of what crypto and BTC is, and tried to get on the crypto to get themsleves rich.
this may have some function as npc dross
but it seems the anti XMR.

can they just print more is one of my questions

[1715118532]

1715118532

[khiholangkang]

https://twitter.com/sama/status/1684297687708098565
"day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now."

For 25 dollars, people are ready to put themselves in a digital prison, then this is one of the test projects that, according to Vitalik Buterin, will be launched in the next 5-10 years.

Eye scanning is the same as fingerprint scanning today, our data will be absorbed and surely one day it can easily match data to someone's search through eyeball data. This is far from the principle of anonymity.

for only $25, people are willing to give away their important human data, and if it's true that this is the beginning of an experiment, that makes me even more doubtful. For the average person in this forum certainly would not be willing to sell their data for a payment of $ 25.

[cabron]

The talk about privacy here is heated and although most of the members of this forum will say that they will not go for it, in reality most of the people in developing countries will do anything for some money and that is enough for them give their details to anybody. Poverty is what they are targeting just like most political people have done in the past - appease them for your own gains.

It would be worth watching how this unfolds because kiosks have set up in my country too and they are spreading like a virus.

Your data on darknet marketplaces may not mean much if your net worth is not high but one should not play with these things for money.

And launching this in the 3rd world countries seems working since $50 is like a monthly income in exchange for their privacy. $50 can do a lot of things for them and may not ever resist to amount while the companies they worked for had shut down. Living in a country where there is a scarcity of food, $50 will really be attractive.

I'm not gonna be surprised if the team is going to Ukraine soon or Myanmar to scan their Irish as well. Seem no stopping now because the AIs amazes the unsuspecting people.

[goldkingcoiner]

Just an update on this project which surprised me to learn the price is $2.28.  Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.

Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team. Because of this, you can already tell what will happen one day.

Worldcoin sounds like the laziest government conspiracy ever created. Like something out of a badly written failed-utopia movie. I am not surprised that the naive are gravitating towards them. What are they going to use the data for, after scanning everyone's eyes on such a detailed level? Who does the data go to? How is it stored and for how long?

I also really do not like the Idea of SBF being involved, but this was also the case with other, more reputable blockchain investments like Solana. He was just investing around, which does not necessarily mean his investments were only into insidious projects or projects that he himself would later own or control. But who knows.

How did Worldcoin raise their first seed capital? I know that they have been around for a while now, so why the hype now? What changed?

[cabron]

https://youtu.be/baiR77NKnQU?t=241

Here's an actual Orb that is in a mall where Clayton Morris interviews the lady soliciting passersby to scan their eyeballs. She doesn't even understand who she's working for.
But what she said was that a person who permits his eyeballs to be scanned will receive 1 Worldcoin per week.

Later in this video as well is Altman the CEO interviewed by Bankless who couldn't answer the question about the tokenomics of this WLD token.

[jubalix]

https://youtu.be/baiR77NKnQU?t=241

Here's an actual Orb that is in a mall where Clayton Morris interviews the lady soliciting passersby to scan their eyeballs. She doesn't even understand who she's working for.
But what she said was that a person who permits his eyeballs to be scanned will receive 1 Worldcoin per week.

Later in this video as well is Altman the CEO interviewed by Bankless who couldn't answer the question about the tokenomics of this WLD token.

black mirror IRL

[GateioExchange]

In our video, we discuss the pros and cons of WorldCoin so you can make an objective decision with the facts:
https://www.youtube.com/watch?v=guUXRqfvktM

[cryptoaddictchie]

How did Worldcoin raise their first seed capital? I know that they have been around for a while now, so why the hype now? What changed?

As far as I know they are backed by big VCs so this kind of launching isnt hard for them. With the inception of government harassing crypto projects fue to their nature of tokenomics and use case. One like this that involve kyc are surely will pass their level of requirement.

Im not sure how this will impact on industry but definitely worth a headline for everyone. Their marketcap based on tokenomics still at mid range so if ever this will do good in bull run.

[zasad@]

WORLDCOIN PROTOCOL SECURITY AUDIT REPORTS
https://worldcoin.org/blog/worldcoin/worldcoin-protocol-security-audit-reports
"Beginning in April 2023, audit firms Nethermind and Least Authority conducted two separate security audits of the Worldcoin protocol.
Nethermind focused on an audit of the protocol’s smart contracts, which include the World ID contracts, the World ID state bridge, the World ID example airdrop contracts, the Worldcoin tokens (WLD) grants contracts, along with the WLD ERC-20 token contract and its associated vesting wallet. Of the 26 items surfaced during this security assessment, 92.6% (24) were identified as fixed after the verification stage, while one was mitigated and the remaining one was acknowledged."

[mich]

Well I was surprised to hear about this news. Worldcoin has said that it has 2.2 Million users that have signed up so far in past 2 years. And now Britain, France, and Germany are even going to look in to it.

I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.

[zasad@]

Well I was surprised to hear about this news. Worldcoin has said that it has 2.2 Million users that have signed up so far in past 2 years. And now Britain, France, and Germany are even going to look in to it.

I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.

Does your country take a biometric photo when issuing a passport? When crossing the border, there are constantly automatic check-in desks for tourists, where a biometric photo is taken and the passport data is checked.
If you are applying for a visa to other countries, then you will have a biometric photo taken and a fingerprint taken. Do you think this is not enough to identify you?

[blockman]

Well I was surprised to hear about this news. Worldcoin has said that it has 2.2 Million users that have signed up so far in past 2 years. And now Britain, France, and Germany are even going to look in to it.

I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.

If they can provide actual and real data on this one then I might believe. But if it's just all words and numbers that they're projecting on their website or elsewhere then it's hard to believe that they do have the actual numbers that use them. Aside from scanning the iris, what's next? Getting the fingerprints of everyone for a few bucks? I don't think that even if we're aware of some importance of not providing it to any project, there will be people that's going to provide it for them and willingly to send it to them for the few money that they're going to give in return and exchange of those.

[I_RodimusPrime]

If they give 70-80$ for every user who does iris verify KYC think about what happened to the circulation supply guys. Having this token in the long run is very risky as I can see. Just my opinion I may be wrong but will never sell my biometric data for some bucks.

[zasad@]

Too bad this shit is spreading fast.
https://www.coindesk.com/tech/2023/08/03/shiba-inu-take-steps-to-become-defi-contender-will-add-digital-ids-to-ecosystem-projects/
Shiba Inu Takes Step to Become DeFi Contender, Will Add Digital IDs to Ecosystem Projects
"Digital identity verification will be a part of all Shiba Inu developments in the future, including on the upcoming Shibarium layer 2 blockchain.
Shiba Inu developers will tie digital identity services to all platform applications in hopes to strengthen the project's image among users and governments.
Such steps could fuel demand for SHIB tokens as the project is viewed more legitimately by serious investors."

[chafer99]

By default, no personal data is collected. The iris scan is immediately deleted once the iris code is generated.

[mich]

Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/

[big kid]

Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/

I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?

[AnonBitCoiner]

Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/

I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?

These wallets can manipulate the whole world coin market and anytime then can dump the market. when I was investing in meme coins the one safety lesson I learn is to check the wallet distribution and those projects where big percentage was held by only few wallets results in rug. World coin is big project and Binance and many big exchanges have partnerships with it but still its risky to invest.

Matic 50% supply is also held by some wallets(probably whales) and many times expert's give warning about it and wild coin this situation is akso worse one.

[iv4n]

By default, no personal data is collected. The iris scan is immediately deleted once the iris code is generated.

If the iris scan is immediately deleted can someone claim a few codes? Asking for a friend.

Well, for sure there's a lot of abuse in the crypto space when it comes to claiming "free coins". And new ways to combat it are constantly emerging... but this is definitely one of the craziest ways I ever saw.

I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?

What can possibly go wrong... I think you said it all.

[mich]

Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/

I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?

Well yes I feel the same as you do too. There is many things that can go wrong. Only 20 people control almost all of it. It is the big address update increase that is good news.