Your thoughts on World Coin (WLD)?

[prp-e]

I was just researching this project, I found this is not new (of course I heard about it here) and in first glance, it seemed like some dystopian concept straight from an episode of black mirror, and in depth it seems like a cool concept of world citizenship.

However, I couldn't understand the project completely. There are weird devices which are scanning people's eyes to get a map of Iris (since it is also like the fingerprint and unique to people) and the scanner is being rewarded? So what will happen to the scanned person? Won't they be rewarded? It may seem hard to handle but there might be a solution to that.

Also there are publicly available Iris datasets (from medical centers or government offices which used Iris scan as a form of biometric authentication) and what happens if World Coin, specially being backed by Sam Altman (who has a history of using copyrighted material for OpenAI's model training) uses those and those people don't benefit from that?

These are my thoughts or questions. I am really curious to here about your thoughts on this.

[TastyChillySauce00]

Don't really like the idea where you exchange your retina scan for small money.

Apparently as i've heard since I've confirmed nothing, they are scanning eye in exchange for WLD which you can sell for money.
If you think about it, it does feels like dystopian straight from black mirror lol, wonder why people are still doing it.

[Akbarkoe]

Don't really like the idea where you exchange your retina scan for small money.

Apparently as i've heard since I've confirmed nothing, they are scanning eye in exchange for WLD which you can sell for money.
If you think about it, it does feels like dystopian straight from black mirror lol, wonder why people are still doing it.

Long -term thinking, if one day the veryification tool besides fingerprints for modern and one of the most correct alternatives as a sign of a unique retina of the retina then they (WLD developers) have so much data about you, then you will be very easy to find/use by those who are not responsible, this has a long -term risk in my opinion and it is very dangerous if our data is in the wrong place.

In my country, I finally triggered the attention of the government to stop the eye scans carried out by these project developers, although basically the people who did it in rewards as their rewards but this triggered concerns in the future, and the fact is that most of them take community data without the permission of the government.

Don't really like the idea where you exchange your retina scan for small money.

Apparently as i've heard since I've confirmed nothing, they are scanning eye in exchange for WLD which you can sell for money.
If you think about it, it does feels like dystopian straight from black mirror lol, wonder why people are still doing it.

Simplir, they are not aware that their data can be used for crime in the future, they only see short -term benefits without being able to see long -term risks.

[prp-e]

Don't really like the idea where you exchange your retina scan for small money.

Apparently as i've heard since I've confirmed nothing, they are scanning eye in exchange for WLD which you can sell for money.
If you think about it, it does feels like dystopian straight from black mirror lol, wonder why people are still doing it.

I did a little bit of research on the price of $WLD and it's roughly $1.2 for each token. Apparently even in the poorest corners of the world, the people who receive the token may hold it for a bigger event or a bigger price outburst. So it's totally worthless to exchange your biometric data with just $1.2 coins!

Long -term thinking, if one day the veryification tool besides fingerprints for modern and one of the most correct alternatives as a sign of a unique retina of the retina then they (WLD developers) have so much data about you, then you will be very easy to find/use by those who are not responsible, this has a long -term risk in my opinion and it is very dangerous if our data is in the wrong place.

In my country, I finally triggered the attention of the government to stop the eye scans carried out by these project developers, although basically the people who did it in rewards as their rewards but this triggered concerns in the future, and the fact is that most of them take community data without the permission of the government.

Well, this is correct. I saw how many people are really concerned about when the projects reaches to China or Russia and how those governments may force the project developers to give up the data. Although they may go the Telegram way. Just resist giving up data and face bans by the governments and suddenly become the most used app with help of VPNs (this is what happened to Telegram in Iran). But the question is, does Sam Altman have the balls to do the same or he signs up for potential billions of dollars market of PRC or Russia?

Simplir, they are not aware that their data can be used for crime in the future, they only see short -term benefits without being able to see long -term risks.

The biggest crime ever could be identity theft. At least this is my opinion.

[gunhell16]

I was just researching this project, I found this is not new (of course I heard about it here) and in first glance, it seemed like some dystopian concept straight from an episode of black mirror, and in depth it seems like a cool concept of world citizenship.

However, I couldn't understand the project completely. There are weird devices which are scanning people's eyes to get a map of Iris (since it is also like the fingerprint and unique to people) and the scanner is being rewarded? So what will happen to the scanned person? Won't they be rewarded? It may seem hard to handle but there might be a solution to that.

Also there are publicly available Iris datasets (from medical centers or government offices which used Iris scan as a form of biometric authentication) and what happens if World Coin, specially being backed by Sam Altman (who has a history of using copyrighted material for OpenAI's model training) uses those and those people don't benefit from that?

These are my thoughts or questions. I am really curious to here about your thoughts on this.

This actually reached saturation last year in our country in some places where people were not really totally aware of cryptocurrency. They started doing it in some of our provinces here. But many people participated in their program.

Because our local communities here thought that it would be easy to create the condition where all they needed was an irish scan then in return they would receive some money. And they repeated the program they did in other places as well. But in the end it was stopped because it seemed like there was an issue too.

[avikz]

Worldcoin is owned by the CEO of OpenAI, Sam Altman. The idea is very unique but the idea of retina scam draws a lot of controversies. Also the world citizenship was not possible either.

https://time.com/6300522/worldcoin-sam-altman/

I don't think it is a very active project right now. I don't see much traction out there for Worldcoin. I may be wrong though! But I honestly don't think it will come back life ever again from its current state.

[henry_of_skalitz]

No matter what, no way many people did this stuff for any amount of money.

That's just insane to what degree some can go, it sounds outright dystopian, as it was outlined already.

[cabron]

Its the person that  will get a reward for having their eyes scanned by the Orb. WLD coin uses that proof of identity mechanism which having your iris scan means you are a real person and you get WLD.

All they did is just scanning eyes actually , there is nothing to this project but all been doing is airdropping WLD to people willing to get their eyes scanned. It gets scary when you think of AIs today and what AIs can do to the iris identity they have.

[prp-e]

Worldcoin is owned by the CEO of OpenAI, Sam Altman. The idea is very unique but the idea of retina scam draws a lot of controversies. Also the world citizenship was not possible either.

https://time.com/6300522/worldcoin-sam-altman/

I don't think it is a very active project right now. I don't see much traction out there for Worldcoin. I may be wrong though! But I honestly don't think it will come back life ever again from its current state.

It doesn't seem active that much but for some reason most of my youtube feed is about the project (a paid promotion maybe?) so it grabbed my attention.

No matter what, no way many people did this stuff for any amount of money.

That's just insane to what degree some can go, it sounds outright dystopian, as it was outlined already.

Exactly. Although they said that participants are rewarded in unidentified stable coins which can be USDT/USDC. But how much?

Its the person that  will get a reward for having their eyes scanned by the Orb. WLD coin uses that proof of identity mechanism which having your iris scan means you are a real person and you get WLD.

All they did is just scanning eyes actually , there is nothing to this project but all been doing is airdropping WLD to people willing to get their eyes scanned. It gets scary when you think of AIs today and what AIs can do to the iris identity they have.

They call it proof of personhood. I guess proof of identity has been done before (it somehow decreases the decentralization aspect). But the AI part, agreed. There could be a lot of possible identity theft.

[X-ray]

The reason people are still doing world coin thing is because the project is owned by sam altman, same owner of open ai so they thought they get free money and their data gonna be secure.

As of 2023 they got 4.5 million people signed up to the project and got their irises scanned, the number may have increased significantly by now.

[mk4]

Bullish on World App, bearish on WorldCoin.

WLD simply has a lot of supply overhang that's yet to be claimed by people, so I expect it to still have a good amount of sell pressure in the near to mid-term future, especially from our 3rd-world-country folks.

[prp-e]

The reason people are still doing world coin thing is because the project is owned by sam altman, same owner of open ai so they thought they get free money and their data gonna be secure.

As of 2023 they got 4.5 million people signed up to the project and got their irises scanned, the number may have increased significantly by now.

Seems interesting, because even now OpenAI caused controversies of using copyrighted material for training GPT models. So how secure my biometric data would be?

Bullish on World App, bearish on WorldCoin.

WLD simply has a lot of supply overhang that's yet to be claimed by people, so I expect it to still have a good amount of sell pressure in the near to mid-term future, especially from our 3rd-world-country folks.

I'm from a 3rd world country myself. I can't see any good reason in doing that procedure to get WLD and this is while I spent a lot of time on Hamster Kombat! I personally prefer TON ecosystem's way of "easy" money making.

[Akbarkoe]

Long -term thinking, if one day the veryification tool besides fingerprints for modern and one of the most correct alternatives as a sign of a unique retina of the retina then they (WLD developers) have so much data about you, then you will be very easy to find/use by those who are not responsible, this has a long -term risk in my opinion and it is very dangerous if our data is in the wrong place.

In my country, I finally triggered the attention of the government to stop the eye scans carried out by these project developers, although basically the people who did it in rewards as their rewards but this triggered concerns in the future, and the fact is that most of them take community data without the permission of the government.

Well, this is correct. I saw how many people are really concerned about when the projects reaches to China or Russia and how those governments may force the project developers to give up the data. Although they may go the Telegram way. Just resist giving up data and face bans by the governments and suddenly become the most used app with help of VPNs (this is what happened to Telegram in Iran). But the question is, does Sam Altman have the balls to do the same or he signs up for potential billions of dollars market of PRC or Russia? 

In business theory, it is not good against the government because you can be closed easily by the government who has control, even though it has a gap using VPN but it should be noted that it will not be as effective as having a legitimate zin in running a business, because infrastructure will be supported and legal.
Sam Altman will not do that because the consequences are the law when opposite, you must see with what happens with Durov, although many supporters but the government has control and has a law that is forceful.
He needs mediation that is closer to the government for their project regulations.

[mk4]

I'm from a 3rd world country myself. I can't see any good reason in doing that procedure to get WLD and this is while I spent a lot of time on Hamster Kombat! I personally prefer TON ecosystem's way of "easy" money making.

Knowing that poverty rates are really high, especially in 3rd world countries, I can't blame the people who will claim the WLD for the extra money.

[prp-e]

I'm from a 3rd world country myself. I can't see any good reason in doing that procedure to get WLD and this is while I spent a lot of time on Hamster Kombat! I personally prefer TON ecosystem's way of "easy" money making.

Knowing that poverty rates are really high, especially in 3rd world countries, I can't blame the people who will claim the WLD for the extra money.

Well based on Hamster Gold Rush here in my country, I can agree. I personally automated the whole process of Hamster on multiple Telegram accounts and final money I got was around $6. It still wasn't worth it.

[DeathAngel]

Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.

[Taskford]

Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.

To risky to try and 25 WLD which value $50 at that time is not really worth it. Since imagine the risk would come to you in future especially that there's good chance that they would sell those data collected to people who scan or give their identity to them.

I'd rather protect my privacy rather than accepting few bucks then get worried about what will happen in future.

Also we don't know if they going to last for long or if they continue to protect and won't do anything something illegal on those data's they have.

I understand somehow that poverty is really hard but I think its not really worth it to risk something just to get few bucks on their project.

[Cryptoddler]

Personally, this token is so centralized as it was created by Sam Altman.
In terms of the purpose of the token, I really support it since the token is supporting a variety of people for basic income.
However, if you approach WLD token for investment purpose, daily emission of the token is too much, you would likely lose your investment in the long term.

[prp-e]

Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.

Agreed. Or at least they have to do it in a way people think it's worth it. I don't know, maybe paying $1000 to each participant?

Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.

To risky to try and 25 WLD which value $50 at that time is not really worth it. Since imagine the risk would come to you in future especially that there's good chance that they would sell those data collected to people who scan or give their identity to them.

I'd rather protect my privacy rather than accepting few bucks then get worried about what will happen in future.

Also we don't know if they going to last for long or if they continue to protect and won't do anything something illegal on those data's they have.

I understand somehow that poverty is really hard but I think its not really worth it to risk something just to get few bucks on their project.

Coming from a bad economy I am telling you. $50 could be at best one month's worth of cheap groceries. I mean I know there are people who may accept this amount to get their groceries or other basic needs but it still doesn't seem very worthy in my eyes.

Personally, this token is so centralized as it was created by Sam Altman.
In terms of the purpose of the token, I really support it since the token is supporting a variety of people for basic income.
However, if you approach WLD token for investment purpose, daily emission of the token is too much, you would likely lose your investment in the long term.

About centralization I have to say yes. It is centralized. I never have seen they emphasize on decentralization of the token or project. Which is somehow fine (I guess it wouldn't be the only centralized token in the market). But for investment, you are totally right. There are tons of better options.

[Webetcoins]

Its the person that  will get a reward for having their eyes scanned by the Orb. WLD coin uses that proof of identity mechanism which having your iris scan means you are a real person and you get WLD.

All they did is just scanning eyes actually , there is nothing to this project but all been doing is airdropping WLD to people willing to get their eyes scanned. It gets scary when you think of AIs today and what AIs can do to the iris identity they have.

They call it proof of personhood. I guess proof of identity has been done before (it somehow decreases the decentralization aspect). But the AI part, agreed. There could be a lot of possible identity theft.

I think they are just the same. This is not the first time we see a centralized project. The major opening for it would be the KYC. So people are not surprised about it. They are even used to this already that many are now willing to go for it in exchange for some coins. If I'm not mistaken, the project is not new and before the AI arrived, I think they are already there but since AI is still a thing now, they just ride it like everyone else.

Even without AI, the stealing of identity is still possible. Not that I'm siding them but maybe people judge them too quickly? Also their operations are in public, so if they really steal data's then they already been caught out before.