Police raid Worldcoin warehouse in Nairobi

Post by c31931b » Tue, Aug 08, 2023, 6:49 AM UTC

c31931b wrote: post #341

93po wrote: post #262

Earlier quoted context omitted.

There are legitimate reasons to premine, and creating a token with the intention of using it as a channel for UBI (literally giving money away) doesn't really scream "scam" to me considering the people backing it

Backers [0] like a16z [1], Coinbase [2], Sam Bankman-Fried (SBF) [3], Three Arrows Capital (3AC) [4], Digital Currency Group (DCG) [5]? [0]: https://web.archive.org/web/20211021160923/https://worldcoin... [1]: https://twitter.com/KyleSGibson/status/1511065326624063501 [2]: https://www.sec.gov/news/press-release/2023-102 [3]: https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Arrest_and_c... [4]: https://www.bloomberg.co…

Post by tim333 » Tue, Aug 08, 2023, 11:44 AM UTC

BLanen wrote: post #323

93po wrote: post #261

Earlier quoted context omitted.

It doesn't create or track identities. It creates a unique hash of your iris and can only use it to determine if your iris has been scanned before. Nothing else.

Biometrics as private keys are an absolutely horrible idea as it is. Proposing to use that private key as your one true interface to the digital financial world is ever more insane. The idea that proprietary technology and information(the scanners, software and everything that the organization owns) can somehow make this safe and secure is evil.

Post by tim333 » Tue, Aug 08, 2023, 11:57 AM UTC

mcpackieh wrote: post #43

nwoli wrote: post #27

> On Thursday, Worldcoin said it is planning to implement crowd-control measures and collaborate with the government before resuming work. What does this even mean?

In essence, they aspire to be a Palantir competitor. CIA as a Service

Post by ethbr0 » Tue, Aug 08, 2023, 1:20 PM UTC

3cats-in-a-coat wrote: post #221

px43 wrote: post #133

Earlier quoted context omitted.

Neat, so are all world governments going to band together and implement UBI? Do you really think that waiting for all world governments to come together and figure this out is the right move here? I admire the optimism (I think of myself as a pretty optimistic person too), but you've got to realize that there are reasonable people on this planet who think that waiting for governments to fix this is probably not going…

There won't be UBI. There's work and death. And if AI truly replaces us, it's the latter. I'm not trying to be cynical I'm simply being blunt about how systems work. You and your environment have to "click together" so you live. In the wild, this means mostly surviving cold, hot, stay dry, find things to eat, and not be eaten. In society, however, it means being useful to the system somehow, so you get access to othe…

Post by ethbr0 » Tue, Aug 08, 2023, 1:28 PM UTC

dopidopHN wrote: post #112

sdenton4 wrote: post #104

Earlier quoted context omitted.

Crypto schemes allow a lot of experimentation with the structure of money that no sane government would ever try for fear of crashing their economy in one way or another. Meanwhile, we /should/ be experimenting a lot more with the structure of economics and society, because the current super-structures have created massive concentrations of power and seemingly-insurmountable collective action problems that threaten t…

KYC is a thing and apparently crypto exchanges can implement it when asked nicely. But I think grand parent poster is right on the money, it’s a attempts to take governments roles. After all nation states are not that old of a concept. Basically Napoleonic wars. Some type of distopian corporate nationality might come to fruition to replace them.