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

blockworks.co

31–40 of 370 posts

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

#31

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…

Wait, the biometric information are only used for the creation of the wallet, not the later usage? Then isn't this scam? What is the actual value of using biometric for this?

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

#32

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…

Wait, the biometric information are only used for the creation of the wallet, not the later usage? Then isn't this scam? What is the actual value of using biometric for this?

It's crypto, and it's Peter Thiel and Sam Altman, but definition it's a scam.

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

#33
post #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 democr…

In Europe there's eIDAS. You install an app on your phone that can be used to identify yourself. This is used to sign documents, payments, single sign on to other apps / websites, etc. During onboarding you will need to verify your identity with the help of the government, banks, or other recognised authorities. Afterwards it's just the app. It works very well.

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

#35

Earlier quoted context omitted.

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 aut…

This is really well said. I’ve been trying to articulate this point for a long time. I think the boundary is between things that are temporal or bounded by real time and space vs things that are time independent and state based. Oracles always suffer from this problem even if the authoritative representation is another digital thing. For example the whole NFT url swapping thing. Similarly this comes up in version control a lot when your code depends on things that are unversioned, the commit state may be idempotent but the application is not.

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

#36

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...

There is a certain degree of that for sure. These people really see themselves as “destroyers of worlds” when in fact they are becoming a but amusing in how they try to inflate their importance on the scene.

But the sense of urgency cause by the supposed incoming terror, destitution, and despair seem to indicate these people would almost enjoy seeing it happen. Notice how their marketing doesnt focus as much on the benefits as it does on the drawbacks. It’s as if they _want_ the negatives to come to fruition and some sort of radical change to happen as a result of it.

Maybe i am reading too much into it and giving sam and the other folks at openai too much credit, but the idea that they might be accelerationists is so crazy that it might actually be fact.

Why else would you go above and beyond to build products that you yourself claim can be extremely harmful, they require radical change, other than you wanting for that negative outcome to happen so that you can achieve said change?

Didnt the person say or write somewhere that he wants to solve inequality? And since ai would drastically increase inequality by extracting work from the masses and selling it for the profits of the few at massive scale doesnt it is logical to believe that he’a aiming to prove a point. Speeding things up, cause social upheaval, that leads to social change. The definition of that ideology.

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

#37

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.

It's curious to frame this as an intentional act rather than an inevitable, natural stage of capitalism.

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

#39

Worldcoin is simply another pre-mined, VC backed shitcoin - albeit worst because they’re building a biometrics database. - VCs dump money in (SBF, a16z, etc) - 25% of the coins are kept for the founders + investors How many times do people have to get burned on these scams? Obviously Sam has some street cred with the govt else they would have pulled him infront of congress like when zuck tried to launch Libre.

This comment is accurate and should be at the top

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

#40
A critical part of Worldcoin is its association with AI hype:

https://news.google.com/search?q=Worldcoin%20ai&hl=en-US&gl=...

> Investors are recognizing the opportunities presented by AI-based projects that leverage blockchain technology.

...Of course, this is total nonsense. But perception is everything for crypto IPOs.

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