World coin, distinguishing humans from AI online while preserving privacy

[vv181]

This token already exist since a few years ago. This is pretty much the same like pi coin.

I don't think it is similar to the Pi coin. At the very least, this one has an actual product and use case.

WLD token being airdropped for anyone who was able scanning their qr code through orb.

The thing that is being scanned is the iris, not a QR code.

Is this the OpenAI's token?

Yes it is, (openAI devs are behind this, not all)

Alright.
~
If there's an actual integration on this project like the whole company relies on this token, that's gonna be something else.

No, it is not. Nonstopspider is not correct. Just because OpenAI's CEO is cofounding this project does not mean the whole company are related and directly linked with OpenAI.

With the worldcoin launch earlier today, it's clear that we still have a very long way to go to achieve true decentralization in this space. Worldcoin has ridden on the narrative that Bitcoin is owned by just a few rich people whereas they didn't have any public sale (just private investors, Sam Altman has access to yCombinators investors).

Noting on the cryptocurrency that Worldcoin is built upon(Ethereum) and the complexities of Orb scanner, not to mention its cost, it is very likely it won't achieve a high degree of decentralization. In fact, the contrary seems what the most plausible scenario.

[Blitzboy]

Your optimism for Worldcoin is admirable, but we need to address several difficulties. Global digital identity intrigues and frightens. Do we trust an emerging technology with our most private data, our Iris scans? While a universal identity system seems enticing, the possibility of data mishandling, misuse, or exploitation must be ignored. Even secure systems have been penetrated. CEX listings are speculative. A listing may increase WLD visibility and liquidity, but it doesnt guarantee success. CEXs have several undertraded coins. The coin's utility and demand decides.

[Vivageneviv]

CEX listings are speculative. A listing may increase WLD visibility and liquidity

Yea you are right, the hype has been massive, i've seen it made it to a few CEXes. Listing on the likes of Binance and Bitget has given it a platform to be seen especially on Bitget where a massive $WLD airdrop is currently ongoing and contributing to the trade volume on the exchange.

[livingfree]

Listing on the likes of Binance and Bitget has given it a platform to be seen especially on Bitget where a massive $WLD airdrop is currently ongoing and contributing to the trade volume on the exchange.

This coin being on Binance did made the biggest contribution for it to be more recognized. Although the devs were already known, that added more impact to its volume.

While it's true that there's the hype on these type of projects being AI that have popped during these times. Good luck to those people that are enthusiastic about it.

@OP, how long you are going to be long on this project?

[o48o]

And now even Vitalik has voiced his concerns about the privacy issues in privacy, accessibility, centralization and security.
https://vitalik.eth.limo/general/2023/07/24/biometric.html

I understand that exchanges see this purely as income because of the trading volume, but surely CZ should be aware about the issues with world coin and i am honestly bummed out that they want to push this heavily overpriced coin for newcomers. They should be more responsible.

I even get the pepe token more than this, at least it isn't pretending to change everything. This is smoke and mirrors decieving and definitely does down harder then ICP.

[nelson4lov]

And now even Vitalik has voiced his concerns about the privacy issues in privacy, accessibility, centralization and security.
https://vitalik.eth.limo/general/2023/07/24/biometric.html

I understand that exchanges see this purely as income because of the trading volume, but surely CZ should be aware about the issues with world coin and i am honestly bummed out that they want to push this heavily overpriced coin for newcomers. They should be more responsible.

I even get the pepe token more than this, at least it isn't pretending to change everything. This is smoke and mirrors decieving and definitely does down harder then ICP.

I stopped trusting exchanges a long time again since it doesn't take long for them to go back on their words and promises. CZ once said he doesn't like Projects that raises so much funding yet he goes ahead to list WorldCoin despite knowing that there were no public funding rounds and majority of the tokens are held by big players. I respect Vitalik dor always keeping it at 100%. I'm pretty sure WorldCoin hasn't been open enough with the concerns mentioned by Vitalik.

[AmoreJaz]

Listing on the likes of Binance and Bitget has given it a platform to be seen especially on Bitget where a massive $WLD airdrop is currently ongoing and contributing to the trade volume on the exchange.

This coin being on Binance did made the biggest contribution for it to be more recognized. Although the devs were already known, that added more impact to its volume.

While it's true that there's the hype on these type of projects being AI that have popped during these times. Good luck to those people that are enthusiastic about it.

@OP, how long you are going to be long on this project?

the problem with most tokens is their longevity on this market. this is why it is hard to trust your funds on this kind of project. and if you can't keep up with their progress, better not to involve yourself on this. hard to be long on this type of token. it can easily go down without a warning. we also don't know if the team behind this has long-term goals as most of them are here for short-term gain.

[livingfree]

Listing on the likes of Binance and Bitget has given it a platform to be seen especially on Bitget where a massive $WLD airdrop is currently ongoing and contributing to the trade volume on the exchange.

This coin being on Binance did made the biggest contribution for it to be more recognized. Although the devs were already known, that added more impact to its volume.

While it's true that there's the hype on these type of projects being AI that have popped during these times. Good luck to those people that are enthusiastic about it.

@OP, how long you are going to be long on this project?

the problem with most tokens is their longevity on this market. this is why it is hard to trust your funds on this kind of project. and if you can't keep up with their progress, better not to involve yourself on this. hard to be long on this type of token. it can easily go down without a warning.

It is applicable to every project. A project that most likely gone in the market are those that don't have good developers.

I think people are trusting this project because of the experience of the developers on how they've made OpenAI became a known company and also the products that they've made like the chatgpt.

But you're right that the longevity of such projects is one of the major concern of investors. Well, it is to each their own and they've got their own reasons why they're buying it.

Just as gambling, only but what you can afford to lose.

[jossiel]

Is this the OpenAI's token?

Yes it is, (openAI devs are behind this, not all)

Alright.
~
If there's an actual integration on this project like the whole company relies on this token, that's gonna be something else.

No, it is not. Nonstopspider is not correct. Just because OpenAI's CEO is cofounding this project does not mean the whole company are related and directly linked with OpenAI.

That beats me, thank you for confirmation.

Is this the OpenAI's token?

I've just seen the news but don't have much information about it. So, I just looked at the few details that I may be interested with. I think if the developer of it which is part of OpenAI doesn't have a name.

There's not going to be much attention on it because even before them, there have been a lot of AI projects already launched before.

It's not affiliated with OpenAI officially. They have some separation of concerns being that Worldcoin is inherently a crypto project.

Thank you guys.

I now understand that this doesn't come from OpenAI itself and just a co founded project by its co founder that's why I thought that there's a direct affiliation from it.

But it's just like Mark Zuckerberg worked with another project. So, this project has just brought the name of Sam and its OpenAI.

[JeffBrad12]

Your optimism for Worldcoin is admirable, but we need to address several difficulties. Global digital identity intrigues and frightens. Do we trust an emerging technology with our most private data, our Iris scans? While a universal identity system seems enticing, the possibility of data mishandling, misuse, or exploitation must be ignored. Even secure systems have been penetrated. CEX listings are speculative. A listing may increase WLD visibility and liquidity, but it doesnt guarantee success. CEXs have several undertraded coins. The coin's utility and demand decides.

thats true, our iris scans worth more than just several worldcoin tokens, its our very thing that should be protected from being stolen by some random company despite the devs known for developing the openAI but honestly i don't really care about that.
but then again maybe there are other people that truly gets interested with the features offered by this company so I think well, everyone have different value on their own self so I guess some people might still agree with the idea of scanning their iris for the sake of some measly airdrops.

[makishart]

Finally, regulators will come to this project.

Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.

https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/

There are many things that need clarification, especially the purpose of obtaining and storing Irish data. This kind of data is really important for the future. Irish can potentially be exploited. That's why regulators is now coming to examine this project.

I do agree with all of things that have become the main concerns from this guy

https://twitter.com/zachxbt/status/1683512389105229825

that makes sense for the regulators to examine it to know the potential risk owned by that project.

[tk808]

More shit that's geared for failure and to enrich those at the top of the pyramid. Anyone who supports this is chasing the money or is plainly delusional

[yhiaali3]

This usually happens when a new coin is listed on a good exchange, so much noise has been made that the WLD token has skyrocketed.

Currently, the token has started to decline, as I see it, so I expect more decline until it settles at its required price.

[vv181]

Finally, regulators will come to this project.

Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.

https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/

There are many things that need clarification, especially the purpose of obtaining and storing Irish data. This kind of data is really important for the future. Irish can potentially be exploited. That's why regulators is now coming to examine this project.

That one is necessary and essential, I believe more countries that have strong and strict data privacy regulations/laws will follow to scrutinize the project.

In many jurisdictions, biometric data, in this case, the iris, is considered to be sensitive personal data. It counts as such because a breach of this data would cause a detrimental effect on the victim. This project surely takes security as its concern and has implemented an encryption mechanism to protect user data. Nevertheless, it still requires many entities to closely inspect and monitor this particular case. So I do agree that the regulator should "audit" this project.

[Vivageneviv]

This usually happens when a new coin is listed on a good exchange, so much noise has been made that the WLD token has skyrocketed.

Currently, the token has started to decline, as I see it, so I expect more decline until it settles at its required price.

The exposure is indeed evident, first it got listed on Bitget with a reward pool that did well to attract investors, then a few hours later it got listed on Binance. I believe these two good exchanges did well to create exposure for the coin

[eaLiTy]

~
Look at how much token owned by the team. I don't even know why so many venture capitals were investing in this shit. Irish scanner is not something new in this world.

First time hearing about this project as there are plenty out there to follow everything. Since you mentioned that many venture capitals are invested in this shitcoin may be they are laundering money with the coin or some shady business going on to have this much interest in coins like these just like the multiple meme shit coins that came into existence with the support of big exchanges.

[nelson4lov]

Finally, regulators will come to this project.

Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.

https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/

There are many things that need clarification, especially the purpose of obtaining and storing Irish data. This kind of data is really important for the future. Irish can potentially be exploited. That's why regulators is now coming to examine this project.

I do agree with all of things that have become the main concerns from this guy

https://twitter.com/zachxbt/status/1683512389105229825

that makes sense for the regulators to examine it to know the potential risk owned by that project.

Great news in my opinion. Not because my wishes for Worldcoin is bad but it's the fact that too much power is being put in the hands of a single individual and he currently monopolizes it all. With the heavy data mined for the ChatGPT/GPT/OpenAI, it's unfair that the same individual is gathering iris scans of people into one huge db which he would obviously be the one to control all these data.

~
Look at how much token owned by the team. I don't even know why so many venture capitals were investing in this shit. Irish scanner is not something new in this world.

First time hearing about this project as there are plenty out there to follow everything. Since you mentioned that many venture capitals are invested in this shitcoin may be they are laundering money with the coin or some shady business going on to have this much interest in coins like these just like the multiple meme shit coins that came into existence with the support of big exchanges.

The funniest of it all is that they pride themselves on being a project for the community but only VCs were able to participate in their token sale rounds.

[o48o]

And now even Vitalik has voiced his concerns about the privacy issues in privacy, accessibility, centralization and security.
https://vitalik.eth.limo/general/2023/07/24/biometric.html

I understand that exchanges see this purely as income because of the trading volume, but surely CZ should be aware about the issues with world coin and i am honestly bummed out that they want to push this heavily overpriced coin for newcomers. They should be more responsible.

I even get the pepe token more than this, at least it isn't pretending to change everything. This is smoke and mirrors decieving and definitely does down harder then ICP.

I stopped trusting exchanges a long time again since it doesn't take long for them to go back on their words and promises. CZ once said he doesn't like Projects that raises so much funding yet he goes ahead to list WorldCoin despite knowing that there were no public funding rounds and majority of the tokens are held by big players. I respect Vitalik dor always keeping it at 100%. I'm pretty sure WorldCoin hasn't been open enough with the concerns mentioned by Vitalik.

I find it semi hilarious that some people are afraid of CBDC are welcoming this Orwellian dystopia with open arms. There are so many questions and issues with this that are unanswered but last thing i would do is to give any data to these guys. Whole idea of proof of person sounds like false problem. How could you possibly use it to anything worth using? Are they actually thinking banks are chooding to use this instead of their own kycs? That's insane.

[Vivageneviv]

WLD token being airdropped for anyone who was able scanning their qr code through orb.

The thing that is being scanned is the iris, not a QR code.

Yea you are right. I'm pretty much uncomfortable with that, feels like giving away your iris scan for a few $WLD. I'd rather participate in the $WLD airdrop on Bitget, that way I keep my Irish scan to myself lol

[vv181]

Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.

https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/

That one is necessary and essential, I believe more countries that have strong and strict data privacy regulations/laws will follow to scrutinize the project.
~

CNIL officials said the agency began an investigation and is now coordinating with the Bavarian state authority in Germany.

As I have been said, government entities starting to inspect this particular project. Recently, France and Germany started to collaborate in regard to world coin data collection practices. This kind of stuff is truly having a high-risk factor since it is sensitive data that is used as a main entry point and putting people's data to an entity beyond the government watchdog, albeit, they claimed it is encrypted.