I wonder if eye-scanning hashes can handle Lasik / PRK
Worldcoin
91–100 of 111 posts
Re: Worldcoin
#92Earlier quoted context omitted.
Well, they claim not to save the images, just a hash.
As-if you can ever actually hash a biometric and expect it to match in the future. The whole idea of a hash is that a tiny perturbation makes the output completely different. It almost by definition cannot work for biometrics.
Perceptual hashes have the opposite set of traits (similar inputs produce similar outputs).
Re: Worldcoin
#93Earlier quoted context omitted.
- 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.
Your definition of a business might be a “an organization that produces a product”, but that is not the legal definition. A business can even legally be a bundle of paperwork that owns someone’s nice car.
Business (noun) is not a productive asset.
Re: Worldcoin
#94There have been studies which start with giving everyone the same amount of money, and then simulating random transactions. In a very short amount of time, one person ends up with 95% of the money.
When it is run different times, a different random person ends up being the one rich person. But it never ends up with everyone having about the same amount of money.
Re: Worldcoin
#95So, 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…
you've just described bitcoin - except it's missing the part about the uselessness and wastefulness of 'mining'
Re: Worldcoin
#96So, 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…
you've just described bitcoin - except it's missing the part about the uselessness and wastefulness of 'mining'
Well, in the case of Bitcoin, the value didn't come from nothing. The mining analogy itself was part of the concept.
There's definitely a wastefulness aspect that may have been underestimated, though...
Re: Worldcoin
#97Earlier quoted context omitted.
> What gives the C-Corp shares value A business is a productive asset. Cryptocurrency tokens are not.
Your definition of a business might be a “an organization that produces a product”, but that is not the legal definition. A business can even legally be a bundle of paperwork that owns someone’s nice car. Business (noun) is not a productive asset.
In the rare case that a business actually produces nothing, in bad faith, we call that a scam, and fraud, and people go to jail. The same standard does not exist for "tokens".
Re: Worldcoin
#98Sorry for the meta post, but it's quite funny how HN's legendary skepticism towards cryptocurrency manages to get even Sam Altman's project flagged on his own (former) board.
Re: Worldcoin
#99Earlier quoted context omitted.
> What gives the C-Corp shares value A business is a productive asset. Cryptocurrency tokens are not.
Your definition of a business might be a “an organization that produces a product”, but that is not the legal definition. A business can even legally be a bundle of paperwork that owns someone’s nice car. Business (noun) is not a productive asset.
No-one would buy shares in such a thing, tho. Unless they lied about what it was doing, but, well, ask Elizabeth Holmes how well that's going.
Re: Worldcoin
#100Earlier 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…
> 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".
I mean, some people might think that, but every functioning state in the world has laws against fraud, at the very least, and generally various investor safeguarding laws beyond that.