Sam Altman, the CEO and founder of OpenAI and the creator of ChatGPT, has launched his crypto project, Worldcoin. However, the response on social media has been largely negative, with observers criticizing the privacy risks of using biometric data to verify your identity.
Worldcoin pioneers something called “World ID,” a “digital passport” which allows humans to verify they’re not an AI bot. The project is the work of San Francisco-based Tools for Humanity.
Worldcoin Uses Iris Scans To Verify Your Humanity
Included in the protocol is Worldcoin token (WLD), ostensibly the first digital currency to be freely distributed to people just for being a unique human.
World App, developed and operated by Tools for Humanity, is the first World ID-compatible app. It allows global payments, purchases, and transfers using digital assets and fiat-backed stablecoins.
At the core of the project’s vision, is to extend verifiable digital identity to the approximately 4.4 billion people worldwide without one. The project will draw on “privacy-preserving, decentralized, open-source solutions” in its mission.
Stay vigilant of your privacy and learn how to transact discreetly using cryptocurrencies: How do Privacy Coins Work?
The high-profile launch has prompted a flurry of debate on social media. ZachXBT, a well-known crypto sleuth, has raised concerns that the company is less than squeaky clean.
“Most alarming to me is how the WorldCoin team has boasted about how man
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Author: Josh Adams
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