Worldcoin: Sam Altman launches eyeball scanning crypto coin (multiple locations in India)

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TEUser2K1

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Worldcoin: Sam Altman launches eyeball scanning crypto coin

www.bbc.com

Worldcoin: Sam Altman launches eyeball scanning crypto coin

Thousands of people scan their irises via an orb on launch day of "dystopian" crypto project.
www.bbc.com www.bbc.com

"According to the company most sign ups have happened in Europe, India and southern Africa."

What differentiates WorldCoin from many existing cryptocurrency projects is its use of biometrics. Its unique method of sign-up, involving scanning of irises, rang alarm bells in France, Germany and Kenya. India has at least 17 sign-up locations.

indianexpress.com

What is WorldCoin, the crypto project that seeks eye scans for sign-ups?

What differentiates WorldCoin from many existing cryptocurrency projects is its use of biometrics. Its unique method of sign-up, involving scanning of irises, rang alarm bells in France, Germany and Kenya. India has at least 17 sign-up locations.
indianexpress.com indianexpress.com

Again, wondering about privacy aspect, giving critical information about oneself to world's top AI company...
 
Seems that they have set up these scanning centers inside/near several Delhi metro stations. An office colleague was telling me about it, managed to talk him out of it. You receive 15 worldcoins or so when you sign up for the orb scan.
 
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Concerns are raised by countries like Kenya where this activity is suspended.
Strangest thing is when they are linked with such sensitive and powerful products like OpenAI, why and how such information will be used / abused.
 
This is from over a year ago. Seems like they've also had questionable practice -
Our investigation revealed wide gaps between Worldcoin’s public messaging, which focused on protecting privacy, and what users experienced. We found that the company’s representatives used deceptive marketing practices, collected more personal data than it acknowledged, and failed to obtain meaningful informed consent. These practices may violate the European Union’s General Data Protection Regulations (GDPR)—a likelihood that the company’s own data consent policy acknowledged and asked users to accept—as well as local laws.
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TEUser2K1 said:
Kenya where this activity is suspended.
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Ideally, this should've happened here as well. But our Govt. has no incentive to do so.
 
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What will the people who got th be coins use it for? It's not real money, just crypto currency right?
 
kalph09 said:
Another FTX, Luna, Tether in making? Sounds like pump-dump-rugpull to me or am I missing something?
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To think promoters of such a powerful company with stakes involving every aspect of human life in future will use information like this for crypto scam alone does not look interesting.
 
kalph09 said:
Another FTX, Luna, Tether in making? Sounds like pump-dump-rugpull to me or am I missing something?
Click to expand...
I think the crypto-currency part of it is just to lure people & get their consent for data collection. There probably are easier ways to do such scams without going through legal & PR trouble of such alarming data collection.

If they have developed a model to make use of such data, they could develop a tool that verifies whether or not something is human and run it as a subscription service, much like ChatGPT. But, much like ChatGPT, acquisition and usage of the data required to develop such tool is unregulated as of yet.
 
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