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Worldcoin isn’t as bad as it sounds: It’s worse
11–20 of 370 posts
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#12I think you should instead just read what Worldcoin wrote. It's quite short, and I think easy to consider false. https://worldcoin.org/cofounder-letter There are a few words about economic opportunity but little explanation, so you can discount that part. They don't seem to believe it beyond UBI distribution, which has the same problems as any distribution today[1] Their main sell: > scale a reliable solution for dis…
Especially since UBI distribution aren't built in any meaningful way on this blockchain. They have some vague notion of one day wanting to use it to provide UBI, but they don't have any idea of what that actually looks like, or when, etc.
They are vaguely gesturing towards the concept of UBI.
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#13use a crypto token to exploit poor people. a real web3 VC douchebag move there
wasn't that VC who was recently murdered in SF also involved in this project (unrelated murder).
in any case mr altman can kiss my hairy yellow a$$ before getting my retina data
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#14Like any other non-coin crypto tech, Worldcoin doesn't do what it set out to do because it doesn't solve the oracle problem. If you trust their orb, it generates a wallet for you - but anyone, human or otherwise - can use that wallet. There's a black market in China for these identities already [1] and of course the response from Worldcoin was there's nothing they can do - because there's nothing they can do. So this…
I understand your point, but why the separation of coin vs. non-coin tech? Meaning that the only real guarantee of cryptocurrency is prevention of double-spend rather than a confirmed unique identity?
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#15The only idea I see is for some certificates handed out by government to citizens and I absolutely hate it even in a democracy.
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#16[flagged]
>I don’t know if it’s the best attempt but I understand what it is and what the goals are.
a bad solution can potentially be worse than no solution in this case. A false belief in identity guarantees can facilitate fraud and other manipulation, while "you should never trust anyone or anything, including that there's a 1:1 relationship between public keys and individual humans" at least advises everyone of the risk.
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#17I am seeing a pattern here and I am starting to believe that Sam Altman is an Accelerationist: https://en.m.wikipedia.org/wiki/Accelerationism A lot of his actions, investments and marketing strategy seem to point in that direction.
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#18I think you should instead just read what Worldcoin wrote. It's quite short, and I think easy to consider false. https://worldcoin.org/cofounder-letter There are a few words about economic opportunity but little explanation, so you can discount that part. They don't seem to believe it beyond UBI distribution, which has the same problems as any distribution today[1] Their main sell: > scale a reliable solution for dis…
Literally everything about this is a huge nope for me.
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#19Like any other non-coin crypto tech, Worldcoin doesn't do what it set out to do because it doesn't solve the oracle problem. If you trust their orb, it generates a wallet for you - but anyone, human or otherwise - can use that wallet. There's a black market in China for these identities already [1] and of course the response from Worldcoin was there's nothing they can do - because there's nothing they can do. So this…
I guess crypto is fundamentally that. Trust, fraud, identity, insurance, are all very complex things that require massive institutions to manage successfully. But these crypto organizations are always just, shrug "yeah that's not our problem. Whatcha gonna do?"
I guess that is the core principle to begin with. But it's interesting to watch it in action. "Oh that big ball of wax? We don't address it. Not our problem."
Re: Worldcoin isn’t as bad as it sounds: It’s worse
#20Like any other non-coin crypto tech, Worldcoin doesn't do what it set out to do because it doesn't solve the oracle problem. If you trust their orb, it generates a wallet for you - but anyone, human or otherwise - can use that wallet. There's a black market in China for these identities already [1] and of course the response from Worldcoin was there's nothing they can do - because there's nothing they can do. So this…
But there are only 8 billion people, which is literally an infinite improvement over the status quo.