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Worldcoin isn’t as bad as it sounds: It’s worse (blockworks.co)

submitted 1 year ago by [email protected] to c/[email protected]

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Worldcoin's plan to collect biometric data from poor people to bootstrap their system is unethical and raises serious privacy concerns. Their promises to protect users' data are not enough to ensure privacy and security, and linking immutable biometric traits to financial identities could enable total identity lockout with dystopian consequences. In addition, Worldcoin's token allocation favors insiders and market makers, indicating that equal distribution among all people is not a genuine goal. Overall, Worldcoin appears to be just another speculative crypto project masquerading as a radical new financial system.

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[–] [email protected] 4 points 1 year ago (1 children)

I love the Silicon Valley techbros lately. Their sales pitches have gone from 'we have this cool new thing' to 'we've created something that solves the problems you didn't have until we created the problem you're now dealing with!'.

Much shareholder value or something, I guess.

[–] [email protected] 2 points 1 year ago

I think the logic is more that if AI is inevitable, might as well be the first to make a shitload of money from it.