Sam Altman, CEO and founder of OpenAI and founder of ChatGPT, launched the crypto project Worldcoin. However, the response on social media has been largely negative, with Observers criticize the privacy risks of using biometric data to verify your identity.
Worldcoin is pioneering something called a “World ID,” a “digital passport” that allows humans to verify that they are not an AI bot. The project is the work of San Francisco-based Tools for Humanity.
Worldcoin uses iris scans to verify your humanity
The protocol includes the Worldcoin (WLD) token, ostensibly the first digital currency to be distributed for free to people simply for being uniquely human.
Developed and powered by Tools for Humanity, the World app is the first World ID compliant app. It allows global payments, purchases, and transfers using digital assets and stablecoins backed by securities.
The core of the project’s vision is to extend verifiable digital identity to the approximately 4.4 billion people worldwide without identity. In its mission, the project will rely on “privacy-preserving, open-source, decentralized solutions.”
The high-profile launch sparked a flurry of controversy on social media. ZachXBT, a well-known cryptocurrency investigator, has raised concerns that the company is not being very clean.
“What bothers me the most is how the WorldCoin team brags about the number of users they have,” he said. How is that?
When they were actually exploitation of people in developing countries. It appears that verification that you are a real person is currently only enforced at the registration level. This has led to the emergence of a black market for accounts. Right now, accounts get $1 per Telegram account.”
Others criticized Technom and Worldcoin.
“Worldcoin takes a page out of the SBF Solana eco guide, launching and pumping a microcoin with 1% of total supply in circulation. $22.8 billion in fully diluted market cap,” chirp Dylan LeClair, Analyst.
Noted crypto lawyer John Deaton reacted Unbelievably When the heads of Worldcoin declined to comment on the distribution of the tokens:
“If there is a reference to RUN AWAY FAST from a project, this is it. Does he say he can’t tell you how to get it or what to get because he might get sued?”
Deaton also referred to the use of irises to check identities as “Orwell”.
Others felt similarly and were angry about the privacy implications of using eye scans.
“Worldcoin takes full advantage of the fact that the vast majority of humanity is (smutty) idiots who lack any ability to think critically about why a retina scan should not be exchanged for a few dollars in sheer shitcoin,” He said Another commenter.
Worldcoin has made sure to focus on privacy in its advertising. But most observers seem unconvinced by their tone. Criticisms about privacy are at the forefront of the conversation surrounding Worldcoin’s launch.
One cryptocurrency account asked a question many others have inevitably been asking themselves: “Will people line up to check their eyes for a useless token created out of thin air? If they do, central bank digital currencies and social credit results are coming.”
Another commenter The project has been called a “distasteful, miserable” shitcoin. “If you value your personal data, or you respect yourself, walk away.”
George Gamon echo Many when he indicated that the product was actually users and their biometric data.
“If the product is free, then you are the product,” Jamon wrote.
Adhering to the Trust Project’s guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently check the facts and consult with a professional before making any decisions based on this content.