Worldcoin signups fizzle amid concerns over privacy and data centralization Worldcoin WLD digitalid
- Worldcoin got off to a hot start when it began trading on Monday, but the controversial project that scans a person’s iris to create a unique digital identifier is now struggling to attract new users willing to complete the signup process and be entered into the Worldcoin database.
A report from South China Morning Post indicates that the three Hong Kong Orb locations each registered 200 new users on the day of the launch, and this was the highest number of World ID signups across all global Orb stations. A report from MIT also calls into question the way the company attracted the early on-boards, suggesting that the developers behind the project attracted the first million using deceptive marketing practices, collected more personal data than they acknowledged, and failed to obtain meaningful informed consent.
The main issues with Worldcoin and proof of personhood identified by Buterin include “3D-printed fake people; the possibility of selling fake IDs; renting IDs; phone hacking; and government coercion to steal IDs.” He also highlighted the dangers of data centralization as Worldcoin will be the sole entity in control of user information.
“The concept of proof-of-personhood in principle seems very valuable, and while the various implementations have their risks, not having any proof-of-personhood at all has its risks too: a world with no proof-of-personhood seems more likely to be a world dominated by centralized identity solutions, money, small closed communities, or some combination of all three,” he said.
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