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I don't get it. So the goal is to jumpstart a cryptocurrency, but make it equitable by giving equal shares to as many people as possible? But what happens next?

I don't get it. So the goal is to jumpstart a cryptocurrency, but make it equitable by giving equal shares to as many people as possible? But what happens next? I assume the same dynamics as with normal currency where the wealth is quickly concentrated in the hands of a few as most people spend their allotments on immediate needs like food and shelter. Does the free allotment program ever stop or are you SOL if you're not yet born? Edit: Ah, it uses the Ethereum blockchain[1]. Also, this is beyond parody: > We searched for existing devices that meet these requirements at a global scale, but found none. For this reason, Worldcoin developed the Orb. [1] https://worldcoin.org/how-the-launch-works https://worldcoin.org/how-the-launch-works

gilleain 5y ago
Hmmm. > ... entrepreneurial individuals all around the world who apply to receive an Orb to run independent operations in their communities Ok, so they get an 'Orb' ("a custom biometric device") and then .. > We call these individuals Orb Operators and give them the autonomy to build their operations from the ground up Generous of you, what do they do though? > So far, the best performing Operators have been able to onboard around one thousand users per Orb per week, with our best performing Operator even signing up 2,198 users in one week with a single Orb So they 'onboard' people with their Orbs. What does that involve? > 2. The Orb scans the user’s irises and locally computes the user’s IrisHash. Ok, sounds great. Are they sure that iris scans are unique?
- elliekelly 5y ago
  Their Privacy... Page(?)[1] is pretty light on the privacy but has interesting details about how the scan supposedly works. [1]https://worldcoin.org/privacy-by-design https://worldcoin.org/privacy-by-design Edit- The prominent link in the footer labeled "Privacy" takes you to that blog post (just like the "Privacy" link in the menu) but the grey link in the footer labeled "Privacy Statement" takes you to their actual Privacy Policy: https://worldcoin.org/privacy-statement https://worldcoin.org/privacy-statement
UncleMeat 5y ago
It isn't even concentrated afterwards. There is a premine where the founders get a nontrivial amount of the currency. It starts concentrated.

gilleain 5y ago

Hmmm. > ... entrepreneurial individuals all around the world who apply to receive an Orb to run independent operations in their communities Ok, so they get an 'Orb' ("a custom biometric device") and then .. > We call these individuals Orb Operators and give them the autonomy to build their operations from the ground up Generous of you, what do they do though? > So far, the best performing Operators have been able to onboard around one thousand users per Orb per week, with our best performing Operator even signing up 2,198 users in one week with a single Orb So they 'onboard' people with their Orbs. What does that involve? > 2. The Orb scans the user’s irises and locally computes the user’s IrisHash. Ok, sounds great. Are they sure that iris scans are unique?

elliekelly 5y ago
Their Privacy... Page(?)[1] is pretty light on the privacy but has interesting details about how the scan supposedly works. [1]https://worldcoin.org/privacy-by-design https://worldcoin.org/privacy-by-design Edit- The prominent link in the footer labeled "Privacy" takes you to that blog post (just like the "Privacy" link in the menu) but the grey link in the footer labeled "Privacy Statement" takes you to their actual Privacy Policy: https://worldcoin.org/privacy-statement https://worldcoin.org/privacy-statement

UncleMeat 5y ago

It isn't even concentrated afterwards. There is a premine where the founders get a nontrivial amount of the currency. It starts concentrated.