Worldcoin launch with ORB to scan your eyes

[AakZaki]

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.

Maybe it was some whales buying more, or the tokens being held by their own team. If it turns out to be good news, then there will be a bright future for Wolrdcoin.
These past few weeks Wolrdcoin has always been talked about and everyone wants to do a scan to get WLD coins for free after a retina scan.
The retina of the eye is an identity that can be crucial and utilized by anyone. Having all this data will certainly make Wolrdcoin in control of the retina data obtained, such as buying retina data and paying with WLD tokens.

[mich]

Well this did not take so long. Worldcoin is now going to be investigated for data collection activities in the country of Argentina.

The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina

https://news.bitcoin.com/argentina-opens-probe-into-worldcoin-personal-data-treatment-procedures/

[Oasisman]

Well this did not take so long. Worldcoin is now going to be investigated for data collection activities in the country of Argentina.

The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina

https://news.bitcoin.com/argentina-opens-probe-into-worldcoin-personal-data-treatment-procedures/

Good move right there and it's supposed to be investigated right away in the counties where a lot of people engaged into this project and registered their eyes in the scanner. They should not take longer in finding out how these vital information is going to be used by this project to benefit the people who have registered. Everyone should already be skeptical at first impression with this project, but sadly not everyone values their physical identity. It will only be a matter of time when reports of stolen identities will become viral and from there, people who have used their eyes to get registered or participate in the airdrop would panic for sure.

[vv181]

Well this did not take so long. Worldcoin is now going to be investigated for data collection activities in the country of Argentina.

The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina

France, Germany, Kenya, and now Argentina. Those countries are scrutinising Worldcoin, and I bet more will follow.

I have been said, biometric data is considered as sensitive personal data, in this case where the iris data is extracted, it should require further examination by the government, especially the ones who have strong and strict privacy regulations.

Argentina regulators, based on the article, considered three main points where it became their concerns which is privacy protection, local regulation compliance, and the last one, safety and confidentiality in regard to the users.

I'm sure Worldcoin within its adoption may break many local regulation step that some country has, so the more the project gain awareness and users, it would gain the attention of the regulators.

[Xal0lex]

I am watching how things are going with this project and this whole story reminds me of another full-scale scam like onecoin or something similar. Regulators everywhere are paying attention to this altcoin, they come to the offices with searches and inspections, this is no longer a good sign and a red flag. At the same time, many people, stupefied by euphoria, are raring to carry their money into this dubious hype or are waiting for the price to drop in order to invest profitably.

[o48o]

I am watching how things are going with this project and this whole story reminds me of another full-scale scam like onecoin or something similar. Regulators everywhere are paying attention to this altcoin, they come to the offices with searches and inspections, this is no longer a good sign and a red flag. At the same time, many people, stupefied by euphoria, are raring to carry their money into this dubious hype or are waiting for the price to drop in order to invest profitably.

Onecoin has actual investors, even though there were no blockchain or real value with it. This has just poor users selling their data for pennies. I doubt that anyone grasps why would be need this kind of online identity as this doesn't solve anything, nor it would get adopted.

But in a sense you are right, and that is the fact that this could be worse than onecoin. This could be a shitcoin that has actual smaöö value because speculators will trade anything, and that will lead more people rushing in.

Eventually this nonsense will crash down as team will be sued and being a famous ceo doesn't help when they are facing jailtime for privacy violations in epic scale.

That freaking orb still gives me a chuckle, it's like something out of a weird/bad scifi tv. Someone should do a gif of woody allen's "sleeper" where they had an orb party and make a meme about this.

[Xal0lex]

I am watching how things are going with this project and this whole story reminds me of another full-scale scam like onecoin or something similar. Regulators everywhere are paying attention to this altcoin, they come to the offices with searches and inspections, this is no longer a good sign and a red flag. At the same time, many people, stupefied by euphoria, are raring to carry their money into this dubious hype or are waiting for the price to drop in order to invest profitably.

Onecoin has actual investors, even though there were no blockchain or real value with it.

Every scam had investors. At least people thought they were investors, but in reality they were the real victims of the scam.

This has just poor users selling their data for pennies. I doubt that anyone grasps why would be need this kind of online identity as this doesn't solve anything, nor it would get adopted.

The danger of this practice is that your personal data and retinal scan will remain forever in the possession of third parties. It is not known for what purposes this data will be used.

[mich]

Well some bad news for Worldcoin project. There is a 15 member parliament of Kenya that is going to investigate this new project.
This comes after it stopped the operations in Kenya when it failed to follow the government orders.
https://www.the-star.co.ke/news/realtime/2023-08-21-parliament-forms-committee-to-investigate-worldcoin-project/

[DeathAngel]

I’ll pass on this centralised, spyware, government tracker thanks. I find it weird that people are willing to do this in exchange for a tiny bit of money. It would take a lot more for me to compromise my beliefs & self respect to scan my eye. Who knows what they could do with that info. It’s exactly the reason I never used facial recognition on my iphone or PC.

[mich]

Well even with a investigation in Argentina it has hit a new single day record. There was 9500 people that did sign up in 1 day and completed the verification process.

https://www.theblock.co/post/248229/wolrdcoin-hits-single-day-sign-up-record-in-argentina-despite-local-investigation

[zasad@]

Well even with a investigation in Argentina it has hit a new single day record. There was 9500 people that did sign up in 1 day and completed the verification process.

https://www.theblock.co/post/248229/wolrdcoin-hits-single-day-sign-up-record-in-argentina-despite-local-investigation

And now the founders of the project will tell us many interesting stories about how “Argentina is one of the most advanced countries in the world in the field of cryptocurrencies.”
In fact, in those countries where the standard of living is very poor, there will always be a shortage of free distribution of any tokecons.
Other countries have very strict privacy laws.

[mich]

Well after a investigation in Kenya now they are saying Worldcoin is a "Gang of Criminals Who Are Coming to Harvest Data". This makes me even more worried of Worldcoin and having your data stolen. 
I would be very careful for investing in this coin. It is worse enough we have to get our eyes scanned. But now there is countries making concerns for it.
https://decrypt.co/155283/kenyan-official-calls-worldcoin-gang-of-criminals-coming-to-harvest-data

[LogitechMouse]

~

I've watched this video a few weeks ago regarding Worldcoin, and it says that it really looks like a gang who is getting information from different people.
Here's the video link: https://www.youtube.com/watch?v=N0b_DKmB84A&t=420s

Basically, they're gathering information of different people in exchange for Worldcoin token. It's like you give your information, I'll give you this shitty token of ours. Not worth, and also take note that in the video I shared, they're focusing more on developing countries, and mostly in Asia, and Africa. Kind of surprised that they attracted people from Argentina. Ohhh, wait they're also a developing country as well. How they attract these people to give their information to them is the thing that I don't know.

Will this coin go down? Probably, but we just don't know when. What's fascinating for me is that, the circulating supply only is at around 120M compare to it's total supply of 10 Billion. It just means that there are still many coins that didn't released just yet. Like what others are saying, I'll also pass on this scam coin.

[o48o]

~

I've watched this video a few weeks ago regarding Worldcoin, and it says that it really looks like a gang who is getting information from different people.
Here's the video link: https://www.youtube.com/watch?v=N0b_DKmB84A&t=420s

Basically, they're gathering information of different people in exchange for Worldcoin token. It's like you give your information, I'll give you this shitty token of ours. Not worth, and also take note that in the video I shared, they're focusing more on developing countries, and mostly in Asia, and Africa. Kind of surprised that they attracted people from Argentina. Ohhh, wait they're also a developing country as well. How they attract these people to give their information to them is the thing that I don't know.

Will this coin go down? Probably, but we just don't know when. What's fascinating for me is that, the circulating supply only is at around 120M compare to it's total supply of 10 Billion. It just means that there are still many coins that didn't released just yet. Like what others are saying, I'll also pass on this scam coin.

Well it isn't surprising that they are taking advantage of poor and countries in crisis. to give them tokens that might have value but most likely don't or at least they will drop in value because of that huge total supply you mentioned.

And for sure it's going down. Why would anyone need this, adopt this or use this. No one wants to risk lawsuit possibility for using this data in an app. It's just not worth time of any serious company or institution. Even smaller companies should avoid this like a plague.

[mich]

Well Kenya is really not happy with Worldcoin getting data from the citizens of the country. Kenya has taken 48 electronic gadgets that was collecting data.

Interior Cabinet Secretary Kithure Kindiki says they will go under forensic examination. And some Kenyans who got theie eyes scanned are now having trouble seeing.

https://www.kbc.co.ke/gadgets-used-by-worldcoin-to-collect-data-from-kenyans-seized/

[zasad@]

https://worldcoin.org/blog/worldcoin/worldcoin-orb-privacy-security-audit-report
"The Worldcoin project is founded on a commitment to privacy and security. As part of this commitment, project contributor Tools for Humanity (TFH), in conjunction with the Worldcoin Foundation, engaged the respected security experts at Trail of Bits to conduct a specialized audit of the orb’s software. In addition to a typical security assessment, Trail of Bits focused on evaluating a series of privacy and functionality claims related to the orb. "

The final report is available here.
https://github.com/trailofbits/publications/blob/master/reviews/2023-08-worldcoin-orb-securityreview.pdf