Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Worldcoin

worldcoin.org

Post reply on HN
Print view View original

81–90 of 111 posts

Re: Worldcoin

#81

Post by haylem »

have_faith wrote: post #13
walrus01 wrote: post #2

> 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…

I'm assuming they don't store the images in the same way we don't store plain text passwords.

Let's hope so... er... wait... Except there are way too many systems that store plain text passwords.

Re: Worldcoin

#82

Post by deft »

beaconstudios wrote: post #31
seibelj wrote: post #14

Wow it looks like YC / HackerNews is going all in on cryptocurrency! Congrats YC team! For readers - a Senior Blockchain Engineer position is available! https://worldcoin.org/job/4001608004 HNers - apply now!

looks like YC is going all in on cryptocurrency; the degeneration from innovation to rent-seeking has begun.

Implying it was ever any different. Some of the scams Sam Altman has been involved with are worse than this.

Re: Worldcoin

#83

Post by thebean11 »

neffy wrote: post #50
ThePhysicist wrote: post #28

So, 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 willi…

I don't think Bitcoin is a good comparison. Anybody can mine Bitcoin and all nodes in the network enforce set rules for currency creation.

With Worldcoin the creator of this "orb" hardware has complete control of currency creation. I don't see any path towards decentralization here..

Re: Worldcoin

#84

Post by vorpalhex »

lijogdfljk wrote: post #79
vorpalhex wrote: post #64

Earlier quoted context omitted.

Name a functioning country that doesn't have chargebacks, small claims or commerce law.

Well i took from your reply that you challenged the notion that citizens have _not_ wanted the get-rich-quick crypto jazz. I wasn't saying that chargebacks don't exist. I was saying that the government dictating that you cannot lose all your money in a foolish endeavor would, in some parts be seen as infringing on your "freedoms". Force safety nets was the discussion, as i took it. And some countries are resoundingly…

Talking about the US specifically, the question comes down to infringing on liberties versus stopping scam behavior.

Everybody agreed it was a good thing when the Fed shut down several scam colleges and forcibly discharged all the debt students had taken on. People aren't really meant to evaluate whether colleges are "real".

On the other hand, gambling laws tend to be contested. Gambling is regulated - most Casinos don't cheat but may have unfair odds. People who support gambling argue that adults can make unwise decisions so long as we can assure Casinos are honest and post odds.

The alternative view re gambling is that gambling rewards part of the human brain that we are bad at regulating and the government should step in and prevent even "honest" gambling.

Both of those takes on gambling have merits. If you oppose gambling because it's unethical, would it be ok to ban people who collect trading cards at insane prices hoping to resell them? Likewise if you support gambling, don't you have to admit it's brought many to financial and family ruin?

The question re crypto is whether crypto is more like gambling or more like a scammy college. My position is that crypto is a scam, not an honest casino.

Re: Worldcoin

#85

Post by beaconstudios »

deft wrote: post #82
beaconstudios wrote: post #31

Earlier quoted context omitted.

looks like YC is going all in on cryptocurrency; the degeneration from innovation to rent-seeking has begun.

Implying it was ever any different. Some of the scams Sam Altman has been involved with are worse than this.

Could you elaborate? The only things I'm aware of Altman specifically being involved with are Loopt, OpenAI and running YC after PG stepped back.

Re: Worldcoin

#86

Post by TigeriusKirk »

seibelj wrote: post #14

Wow it looks like YC / HackerNews is going all in on cryptocurrency! Congrats YC team! For readers - a Senior Blockchain Engineer position is available! https://worldcoin.org/job/4001608004 HNers - apply now!

The comments here are overwhelmingly negative and the article has been flag-killed.

Re: Worldcoin

#87

Post by agent327 »

Justsignedup wrote: post #45
walrus01 wrote: post #43

Earlier quoted context omitted.

step 1) collect underpants step 2) ??? step 3) profit!

hey, what's step 2?

"marketing!"

It's always marketing, on the missing dots in this kind of list. Otherwise people don't know where they can buy whatever it is you are selling. Underpants, apparently, in this case.

Re: Worldcoin

#88

Post by TigeriusKirk »

The vision here is a first step toward a global UBI. If you're going to give everyone an income, you first need to know that each account is a real person. That's essential.

So this is a way to get there. I'm sure it will have glitches and hitches. That's fine, this is how you work it all out, by taking practical real-world actions.

The vision here is huge. Ultimately a complete transition of the global economy.

Will it get there? No idea. But I'm very, very excited to see someone working on it.

Re: Worldcoin

#89

Post by ac29 »

chrisco255 wrote: post #71
ThePhysicist wrote: post #28

So, 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…

- Create a large number of worthless C-corp shares for a company with zero revenue - Distribute 100% to the founders - Onboard new investors through a series of progressively higher valuations, diluting less and less with each subsequent round - Go public at a lofty, inflated valuation that leaves retail with little to zero chance at producing the 100x gains that early investors got to experience - Profit! Money is s…

> What gives the C-Corp shares value

A business is a productive asset. Cryptocurrency tokens are not.

Re: Worldcoin

#90

Post by yownie »

Nope!Nope!Nope!........................Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!
Post reply on HN