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The signup module is indeed a centralized system, which then records the new registration on a distributed ledger (which only someone with Worldcoin’s private k
by espadrine 3y ago
The signup module is indeed a centralized system, which then records the new registration on a distributed ledger (which only someone with Worldcoin’s private key can do). From there, payment operations are done distributed on Ethereum / L2.
The signup process is always a sensitive part of a cryptosystem, and open network membership is not always expected (for instance, CBDCs, Ripple…). There is certainly a philosophical argument to be made against closed membership, since it can disadvantage people that struggle for access, and lets the company discriminate in the future once they get a stronghold, which can be especially problematic considering the primary value of human-uniqueness is to restrict voting to an in-group whose bounds historically have been heavily argued even in non-repressive regimes.
But it seems unlikely to become predominant. Some people have prosthetic eyes; I would be hard-pressed to imagine, say, Apple releasing an iPhone that is inaccessible to a population in such a significant way.
- konschubert 3y agoIf you have centralised signup and identity you may as well run a Postgres DB or a git repo. It could still be a cool idea, but I don’t get how this needs crypto?
- jonny_eh 3y agoHow else do you get A16z to invest?
- mousetree 3y agoYou play League of Legends while on a pitch call with them
- deleted 3y ago[deleted]
- polynomial 3y agoI believe that was Sequoia? Who just massively downsized that very fund this week. (Tho he did seem to play LoL on a lot of calls…)
- optimalsolver 3y agoThat sounds like a real power-move from a top-tier mind.
- polynomial 3y agoPresumably so that the underlying system can be auditable by 'anyone'?
- FabHK 3y agoThat can still be done by streaming the updates to whoever wants them (can even hash each chunk of updates, and include the hash of the prior chunk in each chunk, to get a linked list of chunks, which would prevent undetected manipulation of prior chunks).
- deleted 3y ago[deleted]