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Correct but efficacy of this process is pretty much irrelevant for the founders because the whole "fair distribution" is just a marketing gimmick to promote yet
by New_California 5y ago
Correct but efficacy of this process is pretty much irrelevant for the founders because the whole "fair distribution" is just a marketing gimmick to promote yet another shitcoin.
Only losers will provide their real retinas. Smart players will obviously game the system and then dump the shitcoin on yet another group of losers.
- LurkingPenguin 5y agoWait until you see the retina mining camps they set up in China.
- rolandog 5y agoOr... What if you had an AI randomly generate unique irises, you then print them on adhesive paper, and paste the cut-outs on the eyes of one of those robo-faces? Unlimited money!
- LurkingPenguin 5y agoWhere's the fun in that though?
- arianvanp 5y agohttps://youtu.be/7FYb1gwi-30 https://youtu.be/7FYb1gwi-30 seems relevant :)
- drdrey 5y agoThey allegedly do liveness checks with an IR sensor to make sure they are scanning a live eye
- tablespoon 5y ago> They allegedly do liveness checks with an IR sensor to make sure they are scanning a live eye If you control one of their devices, you could always just modify it fake a live input. Even if they intend to control the scanners themselves, corruption can probably thwart that. This comment (https://news.ycombinator.com/item?id=29001214 https://news.ycombinator.com/item?id=29001214) makes it sounds like they may be operating in countries with endemic corruption.
- anonporridge 5y agoHumans and eyeballs are just machines. Anything they check for liveness can be simulated if there's enough incentive to do it.
- AJ007 5y agoAssuming it was 99.99999% foolproof, then you may have some other problems which are even bigger: kidnapping, having children to collect their coins, etc. The big logic flaw here is the same one as when the Soviet Union collapsed and shares of the state owned enterprises and assets were sold to the general public: poor people sell the assets to the wealthy. The entire thing is strange, and doesn’t make sense.
- pontifier 5y agoI wonder if would also be able to distinguish between human eyes and the eyes of a different animal.
- 28uwedj 5y agoeasier to just monitor the network traffic, check the hash, generate your own and post.
- api 5y agoToo bad bodies decay quickly or we'd have an epidemic of grave robbing to literally mine retinas.
- richardw 5y agoAnyone who isn’t aware of the value will be taken advantage of. “Here have 50 bucks, just look into my orb”
- 9387367 5y ago> Only losers will provide their real retinas. Have you seen who they are going after? > In order to test this model and technology, we have onboarded twenty-five Operators that run more than thirty devices in twelve countries across four continents (Africa, South America, Europe and Asia). > To illustrate the success and potential of these Operators, we will dive deeper into the operations from the following five countries: Chile, Kenya, Indonesia, Sudan and France. This is sickening.