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Worldcoin isn’t as bad as it sounds: It’s worse

blockworks.co

11–20 of 370 posts

Re: Worldcoin isn’t as bad as it sounds: It’s worse

#12

I 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…

> They don't seem to believe it beyond UBI distribution, which has the same problems as distribution today

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

#13
> "mostly harvested from poor people"

use 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

#14

Like 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?

Blockchains can extend the guarantees of the blockchain only to concepts that can be completely represented on-chain, which basically meant just coins. They don't have to interface with the real world so aren't subject issues at the boundary. At least that's one way of looking at it. As soon as you start trying to represent things that actually exist in the real world authoritatively, it breaks down - because the authoritative representation is actually off chain, i.e reality. In this case your identity is the authoritative representation, not the key you present.

Re: Worldcoin isn’t as bad as it sounds: It’s worse

#15
I don't think Worldcoin is the solution, but I'm interested in hearing what the rest of you think the solution to the bots-indistiguishable-to-humans problem could look like? Or should we just accept that the times of interacting over internet with strangers you can believe to be humans is over?

The 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
post #7

[flagged]

I think it's a kind of uncharitable article (surely Sam and the rest of the people involved have spent a ton of time thinking about the problem and the existence of black markets and possibilities for abuse), but

>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

#17

I 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.

I think he's just out of touch. Here's another example: https://www.vice.com/en/article/5d9y5n/the-people-building-a...

Re: Worldcoin isn’t as bad as it sounds: It’s worse

#18

I 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…

> After visiting an Orb, a biometric verification device, you will receive a World ID.

Literally everything about this is a huge nope for me.

Re: Worldcoin isn’t as bad as it sounds: It’s worse

#19

Like 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 often see in software dev this idea of solving a problem by just offloading the problem onto another team/customer.

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

#20

Like 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…

> anyone, human or otherwise - can use that wallet.

But there are only 8 billion people, which is literally an infinite improvement over the status quo.

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