Nice. This means I can create as many accounts as I dare, right? I just need to create fingerprints that are used for identifying an "eye".
Worldcoin
41–50 of 111 posts
Re: Worldcoin
#42So, my understanding of the current play in this space is as follows: - Create a large number of worthless cryptographic tokens. - Distribute around half of them as "freebies". - Keep the other half to yourself / distribute them among your investors. - Start a hype by injecting your investors money into your currency. - Hope that people will start to trade/speculate with your currency, buying it for real monies. - As…
Governments ultimately execute the wishes and wants of citizens at large, and voters have collectively given a resounding yea to get-rich-fast crypto lotteries.
Re: Worldcoin
#43So, my understanding of the current play in this space is as follows: - Create a large number of worthless cryptographic tokens. - Distribute around half of them as "freebies". - Keep the other half to yourself / distribute them among your investors. - Start a hype by injecting your investors money into your currency. - Hope that people will start to trade/speculate with your currency, buying it for real monies. - As…
step 1) collect underpants
step 2) ???
step 3) profit!
Re: Worldcoin
#44What stops an Orb Operator from just opening up the Orb and publishing random hashes? Assuming that "privacy is preserved" and the hash can't be turned back into an iris, there should be no way to tell.
Re: Worldcoin
#45So, my understanding of the current play in this space is as follows: - Create a large number of worthless cryptographic tokens. - Distribute around half of them as "freebies". - Keep the other half to yourself / distribute them among your investors. - Start a hype by injecting your investors money into your currency. - Hope that people will start to trade/speculate with your currency, buying it for real monies. - As…
step 1) collect underpants step 2) ??? step 3) profit!
hey, what's step 2?
Re: Worldcoin
#46So, my understanding of the current play in this space is as follows: - Create a large number of worthless cryptographic tokens. - Distribute around half of them as "freebies". - Keep the other half to yourself / distribute them among your investors. - Start a hype by injecting your investors money into your currency. - Hope that people will start to trade/speculate with your currency, buying it for real monies. - As…
Governments ultimately execute the wishes and wants of citizens at large, and voters have collectively given a resounding yea to get-rich-fast crypto lotteries.
Voters also like safety and not losing their entire net worth because they published a private key or got scammed.
Re: Worldcoin
#47[deleted]
Re: Worldcoin
#48dont worry folks im here to save the world with my crypto currency.
Re: Worldcoin
#49> ensuring that every person on Earth can prove that they are indeed human >To address it, we built a new device called the Orb. It solves the problem through biometrics: the Orb captures an image of a person’s eyes I'm sure absolutely nothing can go wrong with this at all . Wow. I hope this is satire. Imagine what a major nation state intelligence agency could do with a data set of globally-unique eyeball vein patte…
Unfortunately, they have painfully admitted that they are not joking and they're serious about this ponzi scheme.
So now one of the creative ways of building an exit scam also involves having 1984 as a business model, even worse than the majority of cryptocurrencies out there.
Oh dear.
Re: Worldcoin
#50So, my understanding of the current play in this space is as follows: - Create a large number of worthless cryptographic tokens. - Distribute around half of them as "freebies". - Keep the other half to yourself / distribute them among your investors. - Start a hype by injecting your investors money into your currency. - Hope that people will start to trade/speculate with your currency, buying it for real monies. - As…
The government always plays catchup on these things, and now is a less than pristine time for financial supervision.
This seems to be the way this has always operated right the way back to Bitcoin - distribute tokens, and fund a market to provide initial "liquidity" until enough people are using it to maintain some semblance of value.
Fundamentally, the definition of money is a token of exchange that people are willing to use. What preferences one form of money over others is the government allowing/requiring tax payments in it. (Which presumably is now the case for bitcoin in El Salvador at least.) The easiest way to succeed at this is to provide funds to create a market - with the proviso that as more and more currencies get created, the "supply" part of the equation gets a bit out of hand. Something very similar happened with the 1840´s libertarian banking experiments in the US.