True for most crypto projects
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Worldcoin: A solution in search of its problem
11–20 of 176 posts
Re: Worldcoin: A solution in search of its problem
#12Once again it is completely ignored that the whole online identity thing is a solved problem, in the EU. Millions of Europeans use eIDAS apps daily and enjoy single-sign-on across EU websites, can sign docs, make payments etc. etc. And there’s no privacy issues thanks to the GDPR, which it turns out is not just about cookie popups The tech is there, it works today, without crypto bullshit, and it is extremely useful.…
Reminds how US centric a lot of crypto companies are. An advantage of crypto that often comes up is “instant and cheap money transfers”. In the UK, I transfer money to my friends instantaneously and for free using just my bank account.
Re: Worldcoin: A solution in search of its problem
#13I do not understand how this is supposed to prevent sibyl attacks? How do they prevent fake virtual iris scanning devices from pretending that they scanned a person that doesn’t actually exist? Or is the idea that sama is will run a centralised private identity system that aims to replace government identity management? Then why do you need crypto? Are they trying to replace proof of stake/proof of work with “proof o…
The signup module is indeed a centralized system, which then records the new registration on a distributed ledger (which only someone with Worldcoin’s private key can do). From there, payment operations are done distributed on Ethereum / L2.
The signup process is always a sensitive part of a cryptosystem, and open network membership is not always expected (for instance, CBDCs, Ripple…). There is certainly a philosophical argument to be made against closed membership, since it can disadvantage people that struggle for access, and lets the company discriminate in the future once they get a stronghold, which can be especially problematic considering the primary value of human-uniqueness is to restrict voting to an in-group whose bounds historically have been heavily argued even in non-repressive regimes.
But it seems unlikely to become predominant. Some people have prosthetic eyes; I would be hard-pressed to imagine, say, Apple releasing an iPhone that is inaccessible to a population in such a significant way.
Re: Worldcoin: A solution in search of its problem
#14I do not understand how this is supposed to prevent sibyl attacks? How do they prevent fake virtual iris scanning devices from pretending that they scanned a person that doesn’t actually exist? Or is the idea that sama is will run a centralised private identity system that aims to replace government identity management? Then why do you need crypto? Are they trying to replace proof of stake/proof of work with “proof o…
The signup module is indeed a centralized system, which then records the new registration on a distributed ledger (which only someone with Worldcoin’s private key can do). From there, payment operations are done distributed on Ethereum / L2. The signup process is always a sensitive part of a cryptosystem, and open network membership is not always expected (for instance, CBDCs, Ripple…). There is certainly a philosoph…
If you have centralised signup and identity you may as well run a Postgres DB or a git repo.
It could still be a cool idea, but I don’t get how this needs crypto?
Re: Worldcoin: A solution in search of its problem
#15It disappoints me to see anyone discussing this on technical merits when the whole thing is a laughably bad idea. It really just needs to be buried into the ground before it gets started.
Re: Worldcoin: A solution in search of its problem
#16This is pretty much true for almost all of crypto.
Re: Worldcoin: A solution in search of its problem
#17>there is no “password reset” when it comes to iris data
This is the most critical part, I think. If my Iris scan is leaked (which is not hard to do, from modified Orbs, similar to credit card skimmers, to mobsters scanning people's irises under threat of death), my identity will be stolen and I can't do anything about it. Do they have at least some sort of 2FA?
Re: Worldcoin: A solution in search of its problem
#18Death to crypto, let it end already.
Re: Worldcoin: A solution in search of its problem
#19Earlier quoted context omitted.
The signup module is indeed a centralized system, which then records the new registration on a distributed ledger (which only someone with Worldcoin’s private key can do). From there, payment operations are done distributed on Ethereum / L2. The signup process is always a sensitive part of a cryptosystem, and open network membership is not always expected (for instance, CBDCs, Ripple…). There is certainly a philosoph…
If you have centralised signup and identity you may as well run a Postgres DB or a git repo. It could still be a cool idea, but I don’t get how this needs crypto?
How else do you get A16z to invest?
Re: Worldcoin: A solution in search of its problem
#20A lot of people here are questioning how this works. Vitalik went through a pretty good analysis of the mechanics recently [0].
What is it with founders named Sam who are scammers?
[0] https://vitalik.eth.limo/general/2023/07/24/biometric.html