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> proof of personhood for crypto How is any participant in Worldcoin able to verify that all funds in circulation are backed by unique persons? Should they ju
by tromp 5y ago
> proof of personhood for crypto
How is any participant in Worldcoin able to verify that all funds in circulation are backed by unique persons?
Should they just blindly trust Worldcoin and all their operators to be honest and not make up biometric profiles to generate extra unbacked funds for themselves?
I don't see how to solve this problem in a publicly verifiable way...
- gfodor 5y agoYou could read their website, which explains their concept in detail: https://worldcoin.org/ https://worldcoin.org/
- detaro 5y agoAnd notably doesn't answer the GPs question how to verify the organization is honest, just how they protect the organization against user fraud.
- gfodor 5y agoFair - I misread. It does seem that you'd need some kind of classic processes and/or auditing to de-risk a scenario where a bad actor who has access to the necessary keys prints themselves money. Maybe there is a way to also analyze the chain state for anomaly detection.
- gowld 5y agoAirdrop recipients don't suffer from monetary risk. Only people who accept the coin as money are taking a risk.
- tromp 5y agoPeople divulging their biometric data do suffer, since in exchange they receive a coupon that's supposedly redeemable for Worldcoin in the future, which won't be worth its advertised value if there's no trust in the system's integrity.