Sam Altman's Worldcoin (Unique Global Digital ID) Is Inherently Insecure
csi.jc2.org
csi.jc2.org
I read the "pyramid scheme" (given the rest of the comment) as an accusation that it exists primarily to monetize the biometrics that individuals provide of themselves and any effects like "people can authenticate themselves online with our service" are secondary.
This doesn't rule out Worldcoin being wrong, though. (See the whole "data is the new oil" phase).
It’s a tragedy that we don’t have social recovery as part of our online networking. I can lose access that my friends and family can not recover on my behalf. I may not give anyone my SSH keys, but surely my iCloud pictures are worth something to my relatives if I should get hit by a car.
Vitalik Buterin wrote
> One analysis of the Bitcoin ecosystem suggests that 1500 BTC may be lost every day - over ten times more than what Bitcoin users spend on transaction fees, and over the years adding up to as much as 20% of the total supply.
Having a "coin" which represents an iris scan made at some previous time is not very strong authentication.
[1] https://www.reddit.com/r/samsung/comments/ot79oz/why_did_sam...
Like this article, we should point out where implementations go wrong to prevent their deployment. However, we should go further for those who have the time to propose better systems such that the worse ones don't win out.
[1] <https://www.federalreserve.gov/central-bank-digital-currency...> [2] <https://cbdctracker.org>
There's nothing inherently wrong with being a profiteering capitalist, but it's paramount to wear their sleeves proudly rather than disguising as wolf in sheep's clothing.