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

blockworks.co

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

#301

Post by philwelch »

latchkey wrote: post #299
philwelch wrote: post #292

Earlier quoted context omitted.

> Using crypto for "bad things" is a rounding error in the grand scheme of things. I never said drugs were "bad things". Some of them are, but some of them aren't. I was genuinely pointing out that getting access to certain unfairly prohibited drugs was a positive benefit that some people get from cryptocurrency. > Given that Mastercard just stopped allowing debit card usage at Cannabis stores (which makes sense, it…

illegal?

Cannabis is illegal under US federal law.

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

#302

Post by abenga »

93po wrote: post #171
wahnfrieden wrote: post #127

Earlier quoted context omitted.

is there evidence this is accurate? it's marketing copy there's tremendous leeway in "eventual deletion" and it looks like the full device won't be open

They are making the orb hardware and software open source last I heard.

How do we know that is the software and hardware actually deployed?

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

#303

Post by cwkoss »

yreg wrote: 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…

The post office should have a centralized public key registry for people with a US mailing address.

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

#304

Post by klyrs »

gochi wrote: post #290
EthanHeilman wrote: post #100

Earlier quoted context omitted.

> the ultimate and perhaps only proof of personhood is being a person, engaged in the world I buy this. Daniel Suarez had a very similar idea, although he referred to it as the bot problem[0]. I believe this approach of identities withstanding "the test of time" solves the oracle problem but at the cost of a delayed solution. Initially you have lots and lots of bots and Sybil attacks are common. Then after a while, i…

>My identity on hackernews is over 11 years old. Creating such an identity with the comment history, connection to a true name, and content over 11 years would be very expensive. Likely more expensive that a fake passport. You can buy very old accounts on any platform for very cheap. Like under $100 for a 10 year account on a popular platform cheap. Most platforms offer comment editing, and most people don't archive…

On HN you can only edit comments until they're 2h old, only delete them until somebody responds. Editing history as you've described would require admin privileges. Good luck getting that for $100.

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

#305

Post by unicornfork »

arcticbull wrote: post #5

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…

On a general plane why do we even care to identify a (non) person?

We should care whether the peer has some "skin in the game". For example a Bitcoin wallet with some Satoshis locked in a multi-signature smart contract would probably insure that. This approach would automatically ensure a free and robust digital identity and secure communication via secret/public key of that wallet.

If some rules need to be imposed - they could be managed through the smart contract plus some type of an oracle - here I second your thought. Though in this approach (with bitcoin wallet as identity) it is easy to fund the proper process in a transparent and balanced way because the funds are there already.

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

#307

Post by austhrow743 »

zer8k wrote: post #74
latchkey wrote: post #67

This is the Eye of Sauron. I'm very much into the crypto world and I'm so tired of all of these dumb scams. Even worse that it is backed by yet another scammer named 'Sam'. I really wish we could focus on things that actually provided value to people. What a waste of time/money/effort. I hope this one dies a quick death. So far, it looks like it will, which is great.

Honest question, is there any cryptocurrency that provides actual value to people? The blockchain can be trivially deanonymized from my understanding. It's difficult to get coins without at any point revealing your identity. So, if you're not in a circle of people who will physically trade coin for cash (or vis-versa) there seems to be no privacy argument. I just fail to see crypto as anything but a scam - period. It…

When I was using darknet markets there were people you could mail cash to and then they would send you crypto.

My understanding is Monero is private. So you could also just buy it from a regular exchange. Maybe it has replaced the whole mail people cash thing. Never looked in to it or used it though.

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

#308

Post by xk_id »

greiskul wrote: post #270
brian_cloutier wrote: post #197

Earlier quoted context omitted.

That doesn't sound right. Nobody talks about the oracle problem in the context of market makers connecting to nasdaq. You're _never_ sure that your counter-party to some communication is who you think they are. The definition of the oracle problem you propose applies to almost the entirety of the modern world and would come up in conversation all the time. TLS and other measures make me _very_ sure google.com is reso…

All the existing systems we have to solve this area are trust based systems. You trust your browser and OS to choose the correct CAs to trust, and they are the ones that validate to you that google.com is Google. Whole schtick of crypto folks is about reating trustless systems. It is trivial to add real world information to a blockchain if you have an authority that you trust, the oracle problem is how to do that whe…

> with power to do fixes.

the implication here is that those powers of the judicial system will always be used to do fixes in your favour. but if that optimism was shared by everyone, blockchains would have never been invented in the first place.

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

#309

Post by xk_id »

tourmalinetaco wrote: post #242
93po wrote: post #187

Earlier quoted context omitted.

This doesn’t seem like a good faith argument

And you seem rather biased to the opposite, so it all evens out.

two opposed irrational responses don't even out, they double the overall stupidity.

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

#310

Post by jrflowers »

unboxingelf wrote: post #22

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.

Might as well call him Sam Altcoin
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