https://worldcoin.org/blog/worldcoin/worldcoin-orb-privacy-security-audit-report
"The Worldcoin project is founded on a commitment to privacy and security. As part of this commitment, project contributor Tools for Humanity (TFH), in conjunction with the Worldcoin Foundation, engaged the respected security experts at Trail of Bits to conduct a specialized audit of the orb’s software. In addition to a typical security assessment, Trail of Bits focused on evaluating a series of privacy and functionality claims related to the orb. "
The final report is available here.
https://github.com/trailofbits/publications/blob/master/reviews/2023-08-worldcoin-orb-securityreview.pdf
Topic: Worldcoin launch with ORB to scan your eyes (Read 555 times)
Well Kenya is really not happy with Worldcoin getting data from the citizens of the country. Kenya has taken 48 electronic gadgets that was collecting data.
Interior Cabinet Secretary Kithure Kindiki says they will go under forensic examination. And some Kenyans who got theie eyes scanned are now having trouble seeing.
https://www.kbc.co.ke/gadgets-used-by-worldcoin-to-collect-data-from-kenyans-seized/
Interior Cabinet Secretary Kithure Kindiki says they will go under forensic examination. And some Kenyans who got theie eyes scanned are now having trouble seeing.
https://www.kbc.co.ke/gadgets-used-by-worldcoin-to-collect-data-from-kenyans-seized/
~
I've watched this video a few weeks ago regarding Worldcoin, and it says that it really looks like a gang who is getting information from different people.Here's the video link: https://www.youtube.com/watch?v=N0b_DKmB84A&t=420s
Basically, they're gathering information of different people in exchange for Worldcoin token. It's like you give your information, I'll give you this shitty token of ours. Not worth, and also take note that in the video I shared, they're focusing more on developing countries, and mostly in Asia, and Africa. Kind of surprised that they attracted people from Argentina. Ohhh, wait they're also a developing country as well. How they attract these people to give their information to them is the thing that I don't know.
Will this coin go down? Probably, but we just don't know when. What's fascinating for me is that, the circulating supply only is at around 120M compare to it's total supply of 10 Billion. It just means that there are still many coins that didn't released just yet. Like what others are saying, I'll also pass on this scam coin.
And for sure it's going down. Why would anyone need this, adopt this or use this. No one wants to risk lawsuit possibility for using this data in an app. It's just not worth time of any serious company or institution. Even smaller companies should avoid this like a plague.
~
I've watched this video a few weeks ago regarding Worldcoin, and it says that it really looks like a gang who is getting information from different people.Here's the video link: https://www.youtube.com/watch?v=N0b_DKmB84A&t=420s
Basically, they're gathering information of different people in exchange for Worldcoin token. It's like you give your information, I'll give you this shitty token of ours. Not worth, and also take note that in the video I shared, they're focusing more on developing countries, and mostly in Asia, and Africa. Kind of surprised that they attracted people from Argentina. Ohhh, wait they're also a developing country as well. How they attract these people to give their information to them is the thing that I don't know.
Will this coin go down? Probably, but we just don't know when. What's fascinating for me is that, the circulating supply only is at around 120M compare to it's total supply of 10 Billion. It just means that there are still many coins that didn't released just yet. Like what others are saying, I'll also pass on this scam coin.
Well after a investigation in Kenya now they are saying Worldcoin is a "Gang of Criminals Who Are Coming to Harvest Data". This makes me even more worried of Worldcoin and having your data stolen.
I would be very careful for investing in this coin. It is worse enough we have to get our eyes scanned. But now there is countries making concerns for it.
https://decrypt.co/155283/kenyan-official-calls-worldcoin-gang-of-criminals-coming-to-harvest-data
I would be very careful for investing in this coin. It is worse enough we have to get our eyes scanned. But now there is countries making concerns for it.
https://decrypt.co/155283/kenyan-official-calls-worldcoin-gang-of-criminals-coming-to-harvest-data
Well even with a investigation in Argentina it has hit a new single day record. There was 9500 people that did sign up in 1 day and completed the verification process.
https://www.theblock.co/post/248229/wolrdcoin-hits-single-day-sign-up-record-in-argentina-despite-local-investigation
And now the founders of the project will tell us many interesting stories about how “Argentina is one of the most advanced countries in the world in the field of cryptocurrencies.”https://www.theblock.co/post/248229/wolrdcoin-hits-single-day-sign-up-record-in-argentina-despite-local-investigation
In fact, in those countries where the standard of living is very poor, there will always be a shortage of free distribution of any tokecons.
Other countries have very strict privacy laws.
Well even with a investigation in Argentina it has hit a new single day record. There was 9500 people that did sign up in 1 day and completed the verification process.
https://www.theblock.co/post/248229/wolrdcoin-hits-single-day-sign-up-record-in-argentina-despite-local-investigation
https://www.theblock.co/post/248229/wolrdcoin-hits-single-day-sign-up-record-in-argentina-despite-local-investigation
I’ll pass on this centralised, spyware, government tracker thanks. I find it weird that people are willing to do this in exchange for a tiny bit of money. It would take a lot more for me to compromise my beliefs & self respect to scan my eye. Who knows what they could do with that info. It’s exactly the reason I never used facial recognition on my iphone or PC.
Well some bad news for Worldcoin project. There is a 15 member parliament of Kenya that is going to investigate this new project.
This comes after it stopped the operations in Kenya when it failed to follow the government orders.
https://www.the-star.co.ke/news/realtime/2023-08-21-parliament-forms-committee-to-investigate-worldcoin-project/
This comes after it stopped the operations in Kenya when it failed to follow the government orders.
https://www.the-star.co.ke/news/realtime/2023-08-21-parliament-forms-committee-to-investigate-worldcoin-project/
I am watching how things are going with this project and this whole story reminds me of another full-scale scam like onecoin or something similar. Regulators everywhere are paying attention to this altcoin, they come to the offices with searches and inspections, this is no longer a good sign and a red flag. At the same time, many people, stupefied by euphoria, are raring to carry their money into this dubious hype or are waiting for the price to drop in order to invest profitably.
Onecoin has actual investors, even though there were no blockchain or real value with it.Every scam had investors. At least people thought they were investors, but in reality they were the real victims of the scam.
This has just poor users selling their data for pennies. I doubt that anyone grasps why would be need this kind of online identity as this doesn't solve anything, nor it would get adopted.
The danger of this practice is that your personal data and retinal scan will remain forever in the possession of third parties. It is not known for what purposes this data will be used.
I am watching how things are going with this project and this whole story reminds me of another full-scale scam like onecoin or something similar. Regulators everywhere are paying attention to this altcoin, they come to the offices with searches and inspections, this is no longer a good sign and a red flag. At the same time, many people, stupefied by euphoria, are raring to carry their money into this dubious hype or are waiting for the price to drop in order to invest profitably.
Onecoin has actual investors, even though there were no blockchain or real value with it. This has just poor users selling their data for pennies. I doubt that anyone grasps why would be need this kind of online identity as this doesn't solve anything, nor it would get adopted.But in a sense you are right, and that is the fact that this could be worse than onecoin. This could be a shitcoin that has actual smaöö value because speculators will trade anything, and that will lead more people rushing in.
Eventually this nonsense will crash down as team will be sued and being a famous ceo doesn't help when they are facing jailtime for privacy violations in epic scale.
That freaking orb still gives me a chuckle, it's like something out of a weird/bad scifi tv. Someone should do a gif of woody allen's "sleeper" where they had an orb party and make a meme about this.
I am watching how things are going with this project and this whole story reminds me of another full-scale scam like onecoin or something similar. Regulators everywhere are paying attention to this altcoin, they come to the offices with searches and inspections, this is no longer a good sign and a red flag. At the same time, many people, stupefied by euphoria, are raring to carry their money into this dubious hype or are waiting for the price to drop in order to invest profitably.
Well this did not take so long. Worldcoin is now going to be investigated for data collection activities in the country of Argentina.
The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina
The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina
France, Germany, Kenya, and now Argentina. Those countries are scrutinising Worldcoin, and I bet more will follow.
I have been said, biometric data is considered as sensitive personal data, in this case where the iris data is extracted, it should require further examination by the government, especially the ones who have strong and strict privacy regulations.
Argentina regulators, based on the article, considered three main points where it became their concerns which is privacy protection, local regulation compliance, and the last one, safety and confidentiality in regard to the users.
I'm sure Worldcoin within its adoption may break many local regulation step that some country has, so the more the project gain awareness and users, it would gain the attention of the regulators.
Well this did not take so long. Worldcoin is now going to be investigated for data collection activities in the country of Argentina.
The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina
https://news.bitcoin.com/argentina-opens-probe-into-worldcoin-personal-data-treatment-procedures/
The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina
https://news.bitcoin.com/argentina-opens-probe-into-worldcoin-personal-data-treatment-procedures/
Good move right there and it's supposed to be investigated right away in the counties where a lot of people engaged into this project and registered their eyes in the scanner. They should not take longer in finding out how these vital information is going to be used by this project to benefit the people who have registered. Everyone should already be skeptical at first impression with this project, but sadly not everyone values their physical identity. It will only be a matter of time when reports of stolen identities will become viral and from there, people who have used their eyes to get registered or participate in the airdrop would panic for sure.
Well this did not take so long. Worldcoin is now going to be investigated for data collection activities in the country of Argentina.
The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina
https://news.bitcoin.com/argentina-opens-probe-into-worldcoin-personal-data-treatment-procedures/
The data comptroller in Argentina is called Public Information Access Agency (AAIP). https://www.argentina.gob.ar/noticias/la-aaip-investiga-el-tratamiento-de-datos-personales-de-worldcoin-en-argentina
https://news.bitcoin.com/argentina-opens-probe-into-worldcoin-personal-data-treatment-procedures/
Well yes I feel the same as you do too. There is many things that can go wrong. Only 20 people control almost all of it. It is the big address update increase that is good news.
Maybe it was some whales buying more, or the tokens being held by their own team. If it turns out to be good news, then there will be a bright future for Wolrdcoin.These past few weeks Wolrdcoin has always been talked about and everyone wants to do a scan to get WLD coins for free after a retina scan.
The retina of the eye is an identity that can be crucial and utilized by anyone. Having all this data will certainly make Wolrdcoin in control of the retina data obtained, such as buying retina data and paying with WLD tokens.
Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?
Well yes I feel the same as you do too. There is many things that can go wrong. Only 20 people control almost all of it. It is the big address update increase that is good news.
By default, no personal data is collected. The iris scan is immediately deleted once the iris code is generated.
If the iris scan is immediately deleted can someone claim a few codes? Asking for a friend.
Well, for sure there's a lot of abuse in the crypto space when it comes to claiming "free coins". And new ways to combat it are constantly emerging... but this is definitely one of the craziest ways I ever saw.
I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?
What can possibly go wrong... I think you said it all.
Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?
These wallets can manipulate the whole world coin market and anytime then can dump the market. when I was investing in meme coins the one safety lesson I learn is to check the wallet distribution and those projects where big percentage was held by only few wallets results in rug. World coin is big project and Binance and many big exchanges have partnerships with it but still its risky to invest.
Matic 50% supply is also held by some wallets(probably whales) and many times expert's give warning about it and wild coin this situation is akso worse one.
Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
I don't think that's good at all. 94% of the supply is held by 20 people. What can possibly go wrong?
Well here is something I find to be interesting with Worldcoin. There has been a increase in unique addresses by 148%. This is some good news for investors in this project.
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
But the part that does worry me about it. Is that the top 20 WLD wallets control 94% of the total supply.
https://www.cryptobreaking.com/while-worldcoin-sees-a-148-surge-in-unique-addresses-the-top-20-wallets-command-94-of-wld-supply/
By default, no personal data is collected. The iris scan is immediately deleted once the iris code is generated.
Too bad this shit is spreading fast.
https://www.coindesk.com/tech/2023/08/03/shiba-inu-take-steps-to-become-defi-contender-will-add-digital-ids-to-ecosystem-projects/
Shiba Inu Takes Step to Become DeFi Contender, Will Add Digital IDs to Ecosystem Projects
"Digital identity verification will be a part of all Shiba Inu developments in the future, including on the upcoming Shibarium layer 2 blockchain.
Shiba Inu developers will tie digital identity services to all platform applications in hopes to strengthen the project's image among users and governments.
Such steps could fuel demand for SHIB tokens as the project is viewed more legitimately by serious investors."
https://www.coindesk.com/tech/2023/08/03/shiba-inu-take-steps-to-become-defi-contender-will-add-digital-ids-to-ecosystem-projects/
Shiba Inu Takes Step to Become DeFi Contender, Will Add Digital IDs to Ecosystem Projects
"Digital identity verification will be a part of all Shiba Inu developments in the future, including on the upcoming Shibarium layer 2 blockchain.
Shiba Inu developers will tie digital identity services to all platform applications in hopes to strengthen the project's image among users and governments.
Such steps could fuel demand for SHIB tokens as the project is viewed more legitimately by serious investors."
If they give 70-80$ for every user who does iris verify KYC think about what happened to the circulation supply guys. Having this token in the long run is very risky as I can see. Just my opinion I may be wrong but will never sell my biometric data for some bucks.
Well I was surprised to hear about this news. Worldcoin has said that it has 2.2 Million users that have signed up so far in past 2 years. And now Britain, France, and Germany are even going to look in to it.
I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.
If they can provide actual and real data on this one then I might believe. But if it's just all words and numbers that they're projecting on their website or elsewhere then it's hard to believe that they do have the actual numbers that use them. Aside from scanning the iris, what's next? Getting the fingerprints of everyone for a few bucks? I don't think that even if we're aware of some importance of not providing it to any project, there will be people that's going to provide it for them and willingly to send it to them for the few money that they're going to give in return and exchange of those. I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.
Well I was surprised to hear about this news. Worldcoin has said that it has 2.2 Million users that have signed up so far in past 2 years. And now Britain, France, and Germany are even going to look in to it.
I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.
Does your country take a biometric photo when issuing a passport? When crossing the border, there are constantly automatic check-in desks for tourists, where a biometric photo is taken and the passport data is checked.I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.
If you are applying for a visa to other countries, then you will have a biometric photo taken and a fingerprint taken. Do you think this is not enough to identify you?
Well I was surprised to hear about this news. Worldcoin has said that it has 2.2 Million users that have signed up so far in past 2 years. And now Britain, France, and Germany are even going to look in to it.
I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.
I do not believe this many people are doing this. They are giving up their identity to we dont even know who. It would be better if all those people bought Bitcoin instead of scan their eyes.
WORLDCOIN PROTOCOL SECURITY AUDIT REPORTS
https://worldcoin.org/blog/worldcoin/worldcoin-protocol-security-audit-reports
"Beginning in April 2023, audit firms Nethermind and Least Authority conducted two separate security audits of the Worldcoin protocol.
Nethermind focused on an audit of the protocol’s smart contracts, which include the World ID contracts, the World ID state bridge, the World ID example airdrop contracts, the Worldcoin tokens (WLD) grants contracts, along with the WLD ERC-20 token contract and its associated vesting wallet. Of the 26 items surfaced during this security assessment, 92.6% (24) were identified as fixed after the verification stage, while one was mitigated and the remaining one was acknowledged."
https://worldcoin.org/blog/worldcoin/worldcoin-protocol-security-audit-reports
"Beginning in April 2023, audit firms Nethermind and Least Authority conducted two separate security audits of the Worldcoin protocol.
Nethermind focused on an audit of the protocol’s smart contracts, which include the World ID contracts, the World ID state bridge, the World ID example airdrop contracts, the Worldcoin tokens (WLD) grants contracts, along with the WLD ERC-20 token contract and its associated vesting wallet. Of the 26 items surfaced during this security assessment, 92.6% (24) were identified as fixed after the verification stage, while one was mitigated and the remaining one was acknowledged."
How did Worldcoin raise their first seed capital? I know that they have been around for a while now, so why the hype now? What changed?
As far as I know they are backed by big VCs so this kind of launching isnt hard for them. With the inception of government harassing crypto projects fue to their nature of tokenomics and use case. One like this that involve kyc are surely will pass their level of requirement.Im not sure how this will impact on industry but definitely worth a headline for everyone. Their marketcap based on tokenomics still at mid range so if ever this will do good in bull run.
In our video, we discuss the pros and cons of WorldCoin so you can make an objective decision with the facts:
https://www.youtube.com/watch?v=guUXRqfvktM
https://www.youtube.com/watch?v=guUXRqfvktM
https://youtu.be/baiR77NKnQU?t=241
Here's an actual Orb that is in a mall where Clayton Morris interviews the lady soliciting passersby to scan their eyeballs. She doesn't even understand who she's working for.
But what she said was that a person who permits his eyeballs to be scanned will receive 1 Worldcoin per week.
Later in this video as well is Altman the CEO interviewed by Bankless who couldn't answer the question about the tokenomics of this WLD token.
black mirror IRL
https://youtu.be/baiR77NKnQU?t=241
Here's an actual Orb that is in a mall where Clayton Morris interviews the lady soliciting passersby to scan their eyeballs. She doesn't even understand who she's working for.
But what she said was that a person who permits his eyeballs to be scanned will receive 1 Worldcoin per week.
Later in this video as well is Altman the CEO interviewed by Bankless who couldn't answer the question about the tokenomics of this WLD token.
Just an update on this project which surprised me to learn the price is $2.28. Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.
Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team. Because of this, you can already tell what will happen one day.
Worldcoin sounds like the laziest government conspiracy ever created. Like something out of a badly written failed-utopia movie. I am not surprised that the naive are gravitating towards them. What are they going to use the data for, after scanning everyone's eyes on such a detailed level? Who does the data go to? How is it stored and for how long?
I also really do not like the Idea of SBF being involved, but this was also the case with other, more reputable blockchain investments like Solana. He was just investing around, which does not necessarily mean his investments were only into insidious projects or projects that he himself would later own or control. But who knows.
How did Worldcoin raise their first seed capital? I know that they have been around for a while now, so why the hype now? What changed?
The talk about privacy here is heated and although most of the members of this forum will say that they will not go for it, in reality most of the people in developing countries will do anything for some money and that is enough for them give their details to anybody. Poverty is what they are targeting just like most political people have done in the past - appease them for your own gains.
It would be worth watching how this unfolds because kiosks have set up in my country too and they are spreading like a virus.
Your data on darknet marketplaces may not mean much if your net worth is not high but one should not play with these things for money.
It would be worth watching how this unfolds because kiosks have set up in my country too and they are spreading like a virus.
Your data on darknet marketplaces may not mean much if your net worth is not high but one should not play with these things for money.
And launching this in the 3rd world countries seems working since $50 is like a monthly income in exchange for their privacy. $50 can do a lot of things for them and may not ever resist to amount while the companies they worked for had shut down. Living in a country where there is a scarcity of food, $50 will really be attractive.
I'm not gonna be surprised if the team is going to Ukraine soon or Myanmar to scan their Irish as well. Seem no stopping now because the AIs amazes the unsuspecting people.
https://twitter.com/sama/status/1684297687708098565
"day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now."
For 25 dollars, people are ready to put themselves in a digital prison, then this is one of the test projects that, according to Vitalik Buterin, will be launched in the next 5-10 years.
Eye scanning is the same as fingerprint scanning today, our data will be absorbed and surely one day it can easily match data to someone's search through eyeball data. This is far from the principle of anonymity."day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now."
For 25 dollars, people are ready to put themselves in a digital prison, then this is one of the test projects that, according to Vitalik Buterin, will be launched in the next 5-10 years.
for only $25, people are willing to give away their important human data, and if it's true that this is the beginning of an experiment, that makes me even more doubtful. For the average person in this forum certainly would not be willing to sell their data for a payment of $ 25.
so, I think this goes against the general philosophy of crypto and the value proposition.
you can be sanctioned, becasue the can link it to you.
I feel AI people have missed the concept of what crypto and BTC is, and tried to get on the crypto to get themsleves rich.
this may have some function as npc dross
but it seems the anti XMR.
can they just print more is one of my questions
you can be sanctioned, becasue the can link it to you.
I feel AI people have missed the concept of what crypto and BTC is, and tried to get on the crypto to get themsleves rich.
this may have some function as npc dross
but it seems the anti XMR.
can they just print more is one of my questions
https://twitter.com/sama/status/1684297687708098565
"day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now."
For 25 dollars, people are ready to put themselves in a digital prison, then this is one of the test projects that, according to Vitalik Buterin, will be launched in the next 5-10 years.
"day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now."
For 25 dollars, people are ready to put themselves in a digital prison, then this is one of the test projects that, according to Vitalik Buterin, will be launched in the next 5-10 years.
This reminds me of those companies that do ancestry DNA tests and the like, not only they found a way for millions of people to sent them their DNA, but they also charged them for it, I am pretty sure their database with the DNA information of millions of people is worth a fortune and probably it has been sold already to many other companies.
when I read it, I realized that sooner or later we will lose anyway and all our privacy will be exposed... Maybe it's actually best to start selling it now and at least make some $ out of it? My DNA is everywhere, even when I give a blood sample for tests to check what's wrong with me when my tummy hurts.
This is the same, with the excuse of not giving those coins to the same person twice, the devs of this coin plan to obtain the retina information of billions of people, if successful the profits they will get out of it are massive.
Only that not a cent of this money will go to investors in WLD. They are just charitable sponsors of data theft
The talk about privacy here is heated and although most of the members of this forum will say that they will not go for it, in reality most of the people in developing countries will do anything for some money and that is enough for them give their details to anybody. Poverty is what they are targeting just like most political people have done in the past - appease them for your own gains.
It would be worth watching how this unfolds because kiosks have set up in my country too and they are spreading like a virus.
Your data on darknet marketplaces may not mean much if your net worth is not high but one should not play with these things for money.
It would be worth watching how this unfolds because kiosks have set up in my country too and they are spreading like a virus.
Your data on darknet marketplaces may not mean much if your net worth is not high but one should not play with these things for money.
I did read that and this does not sound very good to me. Not even a little bit. I do not want to have anyone to have scans of my eyes. I want Bitcoin and other crypto currencies for my own anonymous reasons.
This is like someone wanting to scan your fingerprints. It is interesting to know how it was started 3 years ago but we just only hear about it now.
This is like someone wanting to scan your fingerprints. It is interesting to know how it was started 3 years ago but we just only hear about it now.
World coin is not like the Stellar Lumens airdrop. That one might of had an airdrop based on Facebook accounts however the main airdrop was based on Bitcoin addresses.
This was years ago, maybe 2016 or so. If you had a balance you got to claim an airdrop. So it wasn’t really fairly distributed. Because if you used alts or kept on an exchange you might of not gotten the airdrop.
This was years ago, maybe 2016 or so. If you had a balance you got to claim an airdrop. So it wasn’t really fairly distributed. Because if you used alts or kept on an exchange you might of not gotten the airdrop.
I would like to leave a decent quote about worldcoin here:
"If the product is free then YOU are the product.
So what does it mean if the product, is not only free, but pays you?
It seems then your cherished biometric data is the product.
This is how the new Worldcoin retinal scanning “orbs” work."
https://twitter.com/GeorgeGammon/status/1683556303044501506
People who wants to profit from scanning their retina are selling their privacy for few bucks. It wont be much. Max 10-50$ per year. Its easy to print tokens to give away to users, but what will give value to the token? investors, that wants to pay random people all around the word for nothing ... and I guarantee you that there are not many such "investors". Current fully dilluted marketcap is 23B$ - top 7 CMC
Vitalik released interresting paper about this - https://twitter.com/VitalikButerin/status/1683404462314999814
He mentions a decentralized alternatives without sharing personal data such as IDENA.
This reminds me of those companies that do ancestry DNA tests and the like, not only they found a way for millions of people to sent them their DNA, but they also charged them for it, I am pretty sure their database with the DNA information of millions of people is worth a fortune and probably it has been sold already to many other companies."If the product is free then YOU are the product.
So what does it mean if the product, is not only free, but pays you?
It seems then your cherished biometric data is the product.
This is how the new Worldcoin retinal scanning “orbs” work."
https://twitter.com/GeorgeGammon/status/1683556303044501506
People who wants to profit from scanning their retina are selling their privacy for few bucks. It wont be much. Max 10-50$ per year. Its easy to print tokens to give away to users, but what will give value to the token? investors, that wants to pay random people all around the word for nothing ... and I guarantee you that there are not many such "investors". Current fully dilluted marketcap is 23B$ - top 7 CMC
Vitalik released interresting paper about this - https://twitter.com/VitalikButerin/status/1683404462314999814
He mentions a decentralized alternatives without sharing personal data such as IDENA.
This is the same, with the excuse of not giving those coins to the same person twice, the devs of this coin plan to obtain the retina information of billions of people, if successful the profits they will get out of it are massive.
I'll never be surprised if it makes a chart like the ICP, this is likely an absurd price right now just because they've been listed on Binance. I think there's someone behind this pump and just hoping they won't dump this on the retail investors which I doubt in the first place because they will.
They didn't offer any of the WLD tokens to retail investors. It was mostly VCs raise they did - no public funding rounds. So this was just a deliberate attempt to put more money in the hands of their VC investors. It's worth noting that no futures or derivative trading was available during the price discovery period. Goes to show that they simply wanted to give it a high initial price.
They probably promise that 25 WLD will be at the current Bitcoin price valuation right now or even more to attract this many.
This, and couple with the fact that they went to developing countries to gather users and get their data. They know that they can't do such in a well developed country where everyone is probably educated.
I'll never be surprised if it makes a chart like the ICP, this is likely an absurd price right now just because they've been listed on Binance. I think there's someone behind this pump and just hoping they won't dump this on the retail investors which I doubt in the first place because they will. They probably promise that 25 WLD will be at the current Bitcoin price valuation right now or even more to attract this many.
Just an update on this project which surprised me to learn the price is $2.28. Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.
Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team.
I didn't know that SBF was one of the people that have supported this project too early. I'm now having that feeling that it's not just all about the supply that they'll release soon but it's about a matter of time when these big folks will dump it. Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team.
Because of this, you can already tell what will happen one day.
Good luck to the buyers of it because it seems that many of them have been optimistic just after a few days of launching. We'll never know how serious they are on this project but it seems it's been planned all the way since last year. 
Just an update on this project which surprised me to learn the price is $2.28. Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.
Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team. Because of this, you can already tell what will happen one day.
SEC will hunt him if he will be launching it on US. US is very sensitive toward tokenization. That means if SBF has also owned some tokens from the total allocation. This project is trying to collect irish data as many as possible.
Even this one claimed to be a better thing than bitcoin which is really absurd. My retina is worth more than anything. People get paid only 25 WLD for their retina. The operators of orb got most rewards by collecting retina from so many people as many as they can.
Im also seeing some news said that if so many people being scammed by this one. https://blockworks.co/news/worldcoin-token-soars
It seems like that people didn't care with their privacy. They were selling their data for a few bucks.
tokenomics
https://www.coindesk.com/business/2023/07/24/worldcoin-release-tokenomics-report-geofenced-for-some-countries/
"75% of the tokens have been earmarked for the community, 13.5% to investors of Tools for Humanity, 9.8% to the initial development team and 1.7% in reserve. The allocation to insiders has increased to 25% from 20% stated earlier because the process of developing and launching the network was more "complex and costly" that initially thought, as well as the challenging market environment. Investor and team tokens will be locked up at launch and slowly released after the first year and for the next two years.
All 7.5 billion WLD, which will go to the community was minted before the launch, and the foundation aims to allocate 6 billion of those to users, but they will be unlocked over 15 years, said a Worldcoin representative. However, none of the tokens allocated to users are locked up, said the representative. Not all 2.5 billion WLD for insiders has been allocated."
25 WLD "genesis grant" will be unlocked within 15 years?
https://www.coindesk.com/business/2023/07/24/worldcoin-release-tokenomics-report-geofenced-for-some-countries/
"75% of the tokens have been earmarked for the community, 13.5% to investors of Tools for Humanity, 9.8% to the initial development team and 1.7% in reserve. The allocation to insiders has increased to 25% from 20% stated earlier because the process of developing and launching the network was more "complex and costly" that initially thought, as well as the challenging market environment. Investor and team tokens will be locked up at launch and slowly released after the first year and for the next two years.
All 7.5 billion WLD, which will go to the community was minted before the launch, and the foundation aims to allocate 6 billion of those to users, but they will be unlocked over 15 years, said a Worldcoin representative. However, none of the tokens allocated to users are locked up, said the representative. Not all 2.5 billion WLD for insiders has been allocated."
25 WLD "genesis grant" will be unlocked within 15 years?
I definitely not willing to share upload my eyes to receive some shitcoin. For me crypto is about anonymity, and that coin requires to lose it.
I would like to leave a decent quote about worldcoin here:
"If the product is free then YOU are the product.
So what does it mean if the product, is not only free, but pays you?
It seems then your cherished biometric data is the product.
This is how the new Worldcoin retinal scanning “orbs” work."
https://twitter.com/GeorgeGammon/status/1683556303044501506
People who wants to profit from scanning their retina are selling their privacy for few bucks. It wont be much. Max 10-50$ per year. Its easy to print tokens to give away to users, but what will give value to the token? investors, that wants to pay random people all around the word for nothing ... and I guarantee you that there are not many such "investors". Current fully dilluted marketcap is 23B$ - top 7 CMC
Vitalik released interresting paper about this - https://twitter.com/VitalikButerin/status/1683404462314999814
He mentions a decentralized alternatives without sharing personal data such as IDENA.
"If the product is free then YOU are the product.
So what does it mean if the product, is not only free, but pays you?
It seems then your cherished biometric data is the product.
This is how the new Worldcoin retinal scanning “orbs” work."
https://twitter.com/GeorgeGammon/status/1683556303044501506
People who wants to profit from scanning their retina are selling their privacy for few bucks. It wont be much. Max 10-50$ per year. Its easy to print tokens to give away to users, but what will give value to the token? investors, that wants to pay random people all around the word for nothing ... and I guarantee you that there are not many such "investors". Current fully dilluted marketcap is 23B$ - top 7 CMC
Vitalik released interresting paper about this - https://twitter.com/VitalikButerin/status/1683404462314999814
He mentions a decentralized alternatives without sharing personal data such as IDENA.
Just an update on this project which surprised me to learn the price is $2.28. Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.
Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team. Because of this, you can already tell what will happen one day.
Let's not include SBF here since he is just an investor, let's focus on the project itself and for me, the price is too high.
If projects will implement this on their platform, then it can create panic as many still prefer to remain anonymous. I'm still not familiar with this project and how it works but hopefully, investors will be more safe from any fraudulent project.
Just an update on this project which surprised me to learn the price is $2.28. Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.
I think there will be also some altcoins that will able to do some upward price action, especially altcoins that into the identity field.
For me, I really don't see the decentralized thing on the Orb, it was developed privately and it's still new.
Just an update on this project which surprised me to learn the price is $2.28. Be careful because the circulating supply, for now, is just 108,320,390 WLD. What happens when they release the 10B.
Crazy to see that it's not launched in the US when the creator is from the US while Sam Altman says it will be used for the universal income.
By the way, SBF was also one the early investor of this project to which he seems to have a close relation to the dev team. Because of this, you can already tell what will happen one day.
I have also heard that this worldcoin project already started more than a year ago in that country.
I don't know the exact timeline, but looking from their source, they publish the field test data starting from May 2021. I manage to get the local "community" of Worldcoin/orb operators in Indonesia, their Instagram page starting to give awareness on 25 May 2021.There isn't just assurance about the database of the project which is any of the team has an ulterior motive, although they say that the data are not on a server, it could still be collected with scrapper.
Whether they have other ulterior motives or not. Storing a massive database of biometric data-IrisHash of the masses is bad, the future implication of how the data could/will be managed is terrifying. Saw the project on Twitter, I wasn't particularly interested in it.
Your thread makes me curious about what it is all about, and currently I looking further to understand it better.
One of my concerns is indeed the privacy of the users. I didn't realize that the field testing of the project has already been gathered and being done in my own country, Indonesia, and in Indonesia, it has the best performing Orb operator here. Despite their own nature of explaining/claiming how they protect and secure the users' data, I think I won't give them the benefit of the doubt and keep being sceptical about it.
Your thread makes me curious about what it is all about, and currently I looking further to understand it better.
One of my concerns is indeed the privacy of the users. I didn't realize that the field testing of the project has already been gathered and being done in my own country, Indonesia, and in Indonesia, it has the best performing Orb operator here. Despite their own nature of explaining/claiming how they protect and secure the users' data, I think I won't give them the benefit of the doubt and keep being sceptical about it.
Yep i heard its really an Orb. They are collecting more than private data actaully, experts are even saying doctors could identify illnesses by looking into the eyes.
It's not just you who are skeptical about it even the host from coindesk interview Altman has also doubts about this project. I have also heard that this worldcoin project already started more than a year ago in that country. There isn't just assurance about the database of the project which is any of the team has an ulterior motive, although they say that the data are not on a server, it could still be collected with scrapper.
Saw the project on Twitter, I wasn't particularly interested in it.
Your thread makes me curious about what it is all about, and currently I looking further to understand it better.
One of my concerns is indeed the privacy of the users. I didn't realize that the field testing of the project has already been gathered and being done in my own country, Indonesia, and in Indonesia, it has the best performing Orb operator here. Despite their own nature of explaining/claiming how they protect and secure the users' data, I think I won't give them the benefit of the doubt and keep being sceptical about it.
Your thread makes me curious about what it is all about, and currently I looking further to understand it better.
One of my concerns is indeed the privacy of the users. I didn't realize that the field testing of the project has already been gathered and being done in my own country, Indonesia, and in Indonesia, it has the best performing Orb operator here. Despite their own nature of explaining/claiming how they protect and secure the users' data, I think I won't give them the benefit of the doubt and keep being sceptical about it.
Introducing Worldcoin
From https://worldcoin.org/
It was launched yesterday based on the articles I've seen which is also what I have read on crypto news today.
The project founder is known for OpenAI named Sam Altman which this project wants to airdrop Worldcon to everyone for fair wealth distribution. Seem very upright so that no one will be left behind while blockchain is remaking this world. The last company that I have heard who wants to distribute fairly to the entire world was Stellar(XLM) who uses facebook accounts, only to find out everyone has multiple facebook accounts.
But in order for Worldcoin to watch out that you don't cheat and grab another batch of the airdrop, they are going to be using The Orb. This is somewhat like a biometric system that checks a person’s iris to verify an individual. More of it from here.
The image above I'm sure is just a representation of it but I think they are going to be using an app with the phone camera to scan your eyeballs. This is if you are willing to register your eyeballs to this company. Are you?
How to claim https://worldcoin.org/privacy-by-design
Quote
A new, collectively owned global currency that will be distributed fairly to as many people as possible.
The internet is powerful because of large networks. Email, social apps, and marketplaces are examples of such networks. The more participants they have, the more powerful they become. For the first time, cryptocurrencies make it possible to distribute ownership and control of those networks to their users, rather than a single entity.
The internet is powerful because of large networks. Email, social apps, and marketplaces are examples of such networks. The more participants they have, the more powerful they become. For the first time, cryptocurrencies make it possible to distribute ownership and control of those networks to their users, rather than a single entity.
From https://worldcoin.org/
It was launched yesterday based on the articles I've seen which is also what I have read on crypto news today.
The project founder is known for OpenAI named Sam Altman which this project wants to airdrop Worldcon to everyone for fair wealth distribution. Seem very upright so that no one will be left behind while blockchain is remaking this world. The last company that I have heard who wants to distribute fairly to the entire world was Stellar(XLM) who uses facebook accounts, only to find out everyone has multiple facebook accounts.
But in order for Worldcoin to watch out that you don't cheat and grab another batch of the airdrop, they are going to be using The Orb. This is somewhat like a biometric system that checks a person’s iris to verify an individual. More of it from here.
The image above I'm sure is just a representation of it but I think they are going to be using an app with the phone camera to scan your eyeballs. This is if you are willing to register your eyeballs to this company. Are you?
How to claim https://worldcoin.org/privacy-by-design
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