A crypto startup founded by the creator of OpenAI intends to provide free tokens to people who agree to have their irises scanned by an orb in order to set up a robot-proof worldwide cryptocurrency.
Worldcoin is a startup co-founded by OpenAI founder Sam Altman to provide cryptocurrency in exchange for biometric data in order both to distinguish between humans and bots and to provide a universal basic income to counter future job losses caused by artificial intelligence permeation.Altman's company reportedly raised $100 million in startup funds, according to the Financial Times. The project describes itself as an"open-source protocol" to make the technology accessible to all.
"The Orb checks that an individual is real and is unique or has not previously signed up for Worldcoin. It does this by capturing and processing images of an individual and their unique iris pattern," Worldcoin says on its website. The data are either used to sign users up and then are deleted or are encrypted and stored within Worldcoin servers.
The project currently has 1.7 million users, most of whom are in the Southern Hemisphere. It also claims it will onboard tens of millions of users by 2025. — Worldcoin May 18, 2023 In order to acquire users, the company has turned to lower-income countries to offer free access to the currency through gig workers equipped with the Orb."Beyond wanting to give away free home-made internet money, the purpose of harvesting massive amounts of biometric data, with little in the way of informed consent, was only vaguely understood by the orb operators," Pete Howson, assistant professor at Northumbria University, told the Washington Examiner.
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