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This project builds a global identity database even if the crypto part disappears. Their tokenomics are a mess and their CEO openly admitted to market manipulat

This project builds a global identity database even if the crypto part disappears. Their tokenomics are a mess and their CEO openly admitted to market manipulation recently. Good on Kenya for shutting this down, I hope many more follow.

93po 3y ago
It doesn't create or track identities. It creates a unique hash of your iris and can only use it to determine if your iris has been scanned before. Nothing else.
- choppaface 3y ago
  And Loopt was originally about just sharing your location privately and then oops that got sold for low income credit card targeting so that sama could cash out https://allthingsd.com/20120309/green-dot-buys-location-app-loopt-for-43-4m/ https://allthingsd.com/20120309/green-dot-buys-location-app-...
  - 93po 3y ago
    Orbs will be open sourced and audited. Long-term they aren't storing anything other than the iris hash.
    - dopidopHN 3y ago
      You can opt in for storage of the iris image itself to ensure that further modification of the hash algorithm do not force you to re-scan you eye.
      - choppaface 3y ago
        But then your actual biometrics can get taken by the government, as illustrated in OP raid on warehouses. Or Worldcoin leadership could use your biometrics for whatever they want e.g. stalking as done at Uber or forking their coin to fund a new ICO.
        dopidopHN 3y ago
        Oh absolutely. It sounds disingenuous from them to say they only store hash and also push to store the actual full capture.
    - TRiG_Ireland 3y ago
      You seem to have a lot of faith in the promises made by crypto bros. I don't have that faith.
- BLanen 3y ago
  Biometrics as private keys are an absolutely horrible idea as it is. Proposing to use that private key as your one true interface to the digital financial world is ever more insane. The idea that proprietary technology and information(the scanners, software and everything that the organization owns) can somehow make this safe and secure is evil.
  - tim333 3y ago
    They don't do that "private keys are randomly generated, completely independent of any biometric information, and each other." from their docs
    - afiori 3y ago
      but aren't they using biometrics as passwords to access those private keys? or at least to manage them (create new ones and/or revoke older ones)?
monetus 3y ago
I've not been paying attention to altman - what did he say about market manipulation? Having trouble searching for it.
- throwaway1777 3y ago
  Altman is not the ceo of worldcoin…
  - OnlineGladiator 3y ago
    > Altman is not the ceo of worldcoin… I'm just curious who you think the CEO is?
    - arcticbull 3y ago
      Altman and Blania started it together, and while Altman isn't uninvolved he has at minimum taken something of a step back AFAIK. As the peer comment says, formally though, Alex Blania is their CEO.
    - ugh123 3y ago
      Alex Blania
- hyperfuturism 3y ago
  The other comment is right, that Sam Altman is not the CEO. The CEO is Alex Blania. And he did say that they were dampening the volatility of the price for WLD (together with the help of market makers, etc. I would guess?).
  - monetus 3y ago
    Thanks, that must be what the op was referencing; and also thanks for affirming the sibling comment. The tools for humanity and the worldcoin foundation sites don't have much info on them from what I can tell. I wonder at how they go about preventing volatility and how they eventually plan on doing that in US. Sounds dodgy if they are avoiding our jurisdiction.

93po 3y ago

It doesn't create or track identities. It creates a unique hash of your iris and can only use it to determine if your iris has been scanned before. Nothing else.

choppaface 3y ago
And Loopt was originally about just sharing your location privately and then oops that got sold for low income credit card targeting so that sama could cash out https://allthingsd.com/20120309/green-dot-buys-location-app-loopt-for-43-4m/ https://allthingsd.com/20120309/green-dot-buys-location-app-...
- 93po 3y ago
  Orbs will be open sourced and audited. Long-term they aren't storing anything other than the iris hash.
  - dopidopHN 3y ago
    You can opt in for storage of the iris image itself to ensure that further modification of the hash algorithm do not force you to re-scan you eye.
    - choppaface 3y ago
      But then your actual biometrics can get taken by the government, as illustrated in OP raid on warehouses. Or Worldcoin leadership could use your biometrics for whatever they want e.g. stalking as done at Uber or forking their coin to fund a new ICO.
      - dopidopHN 3y ago
        Oh absolutely. It sounds disingenuous from them to say they only store hash and also push to store the actual full capture.
  - TRiG_Ireland 3y ago
    You seem to have a lot of faith in the promises made by crypto bros. I don't have that faith.
BLanen 3y ago
Biometrics as private keys are an absolutely horrible idea as it is. Proposing to use that private key as your one true interface to the digital financial world is ever more insane. The idea that proprietary technology and information(the scanners, software and everything that the organization owns) can somehow make this safe and secure is evil.
- tim333 3y ago
  They don't do that "private keys are randomly generated, completely independent of any biometric information, and each other." from their docs
  - afiori 3y ago
    but aren't they using biometrics as passwords to access those private keys? or at least to manage them (create new ones and/or revoke older ones)?

monetus 3y ago

I've not been paying attention to altman - what did he say about market manipulation? Having trouble searching for it.

throwaway1777 3y ago
Altman is not the ceo of worldcoin…
- OnlineGladiator 3y ago
  > Altman is not the ceo of worldcoin… I'm just curious who you think the CEO is?
  - arcticbull 3y ago
    Altman and Blania started it together, and while Altman isn't uninvolved he has at minimum taken something of a step back AFAIK. As the peer comment says, formally though, Alex Blania is their CEO.
  - ugh123 3y ago
    Alex Blania
hyperfuturism 3y ago
The other comment is right, that Sam Altman is not the CEO. The CEO is Alex Blania. And he did say that they were dampening the volatility of the price for WLD (together with the help of market makers, etc. I would guess?).
- monetus 3y ago
  Thanks, that must be what the op was referencing; and also thanks for affirming the sibling comment. The tools for humanity and the worldcoin foundation sites don't have much info on them from what I can tell. I wonder at how they go about preventing volatility and how they eventually plan on doing that in US. Sounds dodgy if they are avoiding our jurisdiction.