'It's a little frightening': Worldcoin surged 111% on its opening day. 2 experts explain why they would never scan their eyes in exchange for the crypto, and why they think the hype will fade.
But Web3 expert Isaac Patka says it could exploit vulnerable populations. Worldcoin has been making headlines for its attempt to create its version of a financial network.
To achieve this, small orb devices are being placed globally where people can show up to get their irises scanned. This allows the blockchain to establish an identification number based on the premise that a user is a unique human. Users then receive a digital identity card that verifies their identity while allowing them to remain anonymous. They also receive an initial 25 WLD tokens that could allow them to participate in the project's governance.surged from $1.70 to $3.
While the overall structure has good intentions, it's quite risky, especially for vulnerable populations, Patka said. People could be exploited by signing up to get their irises scanned and then sell their accounts for a little bit of money in exchange for giving up their identity, Patka added. He pointed to Worldcoin's whitepaper, which acknowledged that although an authentic person would be required to create one ID, that ID can be transferred in exchange for money.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
German authorities probe Worldcoin project over privacy: ReutersBavaria's State Office for Data Protection Supervision has been looking into the Worldcoin crypto project since last year.
Consulte Mais informação »
What is Worldcoin, and how does it help preserve World ID?Unveiling the concept behind Worldcoin, a blend of cryptocurrency, blockchain and AI tech. Is this the next big step in technology or a giant leap toward privacy intrusion?
Consulte Mais informação »
German government watchdog launched Worldcoin probe in November 2022: ReportThe data around worldcoin's iris scan verification reportedly drew attention from a German watchdog, raising concerns over potential risks for users.
Consulte Mais informação »
Bavaria's Data Protection Office Launches Probe Into Worldcoin's Iris-Scanning Data Practices – Bitcoin NewsBavaria's State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques. WLD
Consulte Mais informação »
Why Worldcoin’s Digital ID Gambit Draws Fans, CriticsArtificial intelligence has taken over much of the financial hype cycle that used to belong to cryptocurrency. Now comes a project that’s trying to combine the two. Called Worldcoin, it’s an effort to create a global network of digital identities for a world in which AI robots become harder to distinguish from humans. Users of the service scan their eyeballs to create digital credentials and are rewarded with Worldcoin tokens — though the cryptocurrency isn’t available in the US. More than 2 mil
Consulte Mais informação »
Sam Altman’s Worldcoin Still Safe Despite Controversy, Investor SaysWorldcoin, the crypto identity system started in part by OpenAI CEO Sam Altman, will keep growing in importance, despite the controversy around the project, according to one of its backers
Consulte Mais informação »