Bitcoin News and Finance Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says ‘Don’t Catalog Eyeballs’ Skip to main content

Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says ‘Don’t Catalog Eyeballs’

Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says 'Don't Catalog Eyeballs'

During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project has privacy advocates reeling and whistleblower Edward Snowden slammed the project’s creators and said “don’t catalogue eyeballs.”

Worldcoin Turns Heads in the Crypto World as It Wants to Scan Your Eyeballs in Exchange for Free Crypto

There’s a new cryptocurrency project that is turning heads because of the way it disperses funds to network participants. The project Worldcoin was introduced to the world by Alex Blania and Sam Altman and the team hopes to get one billion people using the crypto asset by the end of 2022. Worldcoin launched on October 21, and the founders have raised $25 million from strategic investors like Blockchange, Coinbase Ventures, Andreesen Horowitz, and Linkedin co-founder Reid Hoffman.

Worldcoin is essentially a universal basic income crypto concept because the users of the network get free tokens. However, Worldcoin developers created an orb-shaped device that people have to look into in order to obtain a unique identifier. Essentially, the orb scans the person’s iris in order to create a unique identifier and verify the user. “Iris recognition ensures uniqueness, fraud resistance, and practicality,” the Worldcoin intro blog post details. Sam Altman was once the president of the startup accelerator Y Combinator and he came up with the idea two years ago.

“I’ve been interested in things like universal basic income and what’s going to happen to global wealth distribution and how we can do that better, is there a way we can use technology to do that at a global scale,” Altman explained to Bloomberg last week.

Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says 'Don't Catalog Eyeballs'

According to the project’s team, around 30 orbs that can scan people’s eyes and create a unique identifier are located all across the world. Worldcoin orbs can be found in France, Sudan, Indonesia, Kenya, and Chile. Worldcoin’s orbs are maintained by “Orb Operators” who get rewarded for soliciting potential Worldcoin participants. Depending on when the person got in on the project, token recipients can get between $10 and $200 worth of the digital asset worldcoin (WC).

Worldcoin Described as an MLM and ICO — Worldcoin Idea Makes Edward Snowden Explain His Disdain for Biometrics

Many crypto and privacy advocates have spoken out against the Worldcoin project. The CTO at Bitfinex, Paolo Ardoino, discussed a possible future with Worldcoin. “Imagine that you’re living in a cyberpunk world, with 1984 style of govt. control and worldcoin eyeball scanners at every corner of the street,” Ardoino remarked on Twitter. “Which type of apparel would you need to go around the city and protect your privacy?” the Bitfinex CTO asked.

Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says 'Don't Catalog Eyeballs'

Others have said that the Worldcoin project is similar to 2017’s initial coin offering (ICO) scams. “Let me sum up how bad Worldcoin is,” an individual on Twitter stressed. “[It says] distributed ‘fairly’ yet the team gets 20% of the supply and every major VC is invested. User acquisition model imitates that of an MLM (Herbalife). Privacy policy permits them to give your data to 3rd parties. [And] the name resembles a 2017 ICO scam.”

Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says 'Don't Catalog Eyeballs'

The popular whistleblower Edward Snowden scorned Sam Altman’s Worldcoin intro tweet as well. “This looks like it produces a global (hash) database of people’s iris scans (for ‘fairness’), and waves away the implications by saying ‘we deleted the scans,’” Snowden said. “Yeah, but you save the *hashes* produced by the scans. Hashes that match *future* scans. Don’t catalogue eyeballs,” Snowden added.

Snowden continued his Twitter thread showing a distaste for biometrics. “Don’t use biometrics for anti-fraud,” Snowden further remarked. “In fact, don’t use biometrics for anything. ‘We use ZK-proofs.’ Great, clever. Still bad. The human body is not a ticket-punch,” he noted.

What do you think about the Worldcoin project and the critics who believe the biometric iris scanning idea is not good for privacy? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...

Trezor and Wasabi to Implement a Coinjoin Mixing Scheme Into Hardware Wallets

This week, the hardware wallet manufacturer Trezor, and the non-custodial bitcoin wallet with a built-in Coinjoin mixer, Wasabi, revealed the two teams are working together to introduce Coinjoin mixing into hardware wallets. On Sunday, Wasabi tweeted “hardware wallet Coinjoins are coming next year with our friends at [Trezor].” Trezor Says Company Is ‘Working on a Coinjoin Implementation’ According to Trezor and Wasabi , a form of Coinjoin mixing is coming to hardware wallets in the near future. Coinjoin is a privacy-enhancing process that is leveraged to anonymize transfers on a blockchain. Basically, the scheme involves a number of parties transacting together and mixing their unspent transaction outputs (UTXOs) in a pool to obfuscate the origin of all the funds. On Sunday, Wasabi’s official Twitter account tweeted about adding the privacy-enhancing scheme to hardware wallets. In the thread, someone asked Wasabi when they would release an “album,” and Trezor replied : “Hi, we’...

Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

One of the biggest franchises in the videogame industry, Grand Theft Auto, will feature in-game payments of “bitcoin” or another fictional cryptocurrency. Contractors will pay the player with this currency when they need to make anonymous, untraceable payments. This would constitute another push for Bitcoin awareness into mainstream media culture. Grand Theft Auto 6 to Feature in-Game Fictional Cryptocurrency Grand Theft Auto 6, one of the biggest gaming franchises, will feature an in-game cryptocurrency for payments according to insiders. The game will allow the player to accept cryptocurrency payments from big shot contractors who want to remain anonymous. Industry insider Tom Henderson leaked the news on Twitter earlier this week. He stated: I heard recently that in GTA 6, some missions will reward you in bitcoin instead of cash for completing some missions. The stock market feature will return, with the addition of a broker for different cryptocurrencies. If GTA 6 incorporate...

Grayscale Considering 25 More Crypto Assets for Investment Products

Grayscale, the world’s largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company’s list of coins under consideration has grown to 43. “The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,” said Grayscale. 25 Crypto Assets Added to List of Coins Under Consideration for Grayscale’s Investment Products Grayscale Investments announced Monday that it has updated its list of digital assets under consideration for 2022. Grayscale currently has $30.6 billion in net assets under management. The company explained that the “Assets Under Consideration” list comprises “some digital assets that are not currently included in a Grayscale investment product, but that have come to our attention as part of our exploration of this sector, and that our team has identified as possible candidates for inclusion in a future investment product.” Grayscale detailed: Wit...

Cardano’s Cfund First Capital Goes to Israeli Fintech Startup Coti

This latest move to broaden cooperation between Cardano and Coti builds upon previous collaborations as the former seeks to upgrade its payment solution on top of the former’s expanding financial infrastructure. Strategic Investment Marks First Allocation for New Ecosystem Venture Fund One of the earliest proposed use cases for blockchain was the democratization of financial services, namely by reaching unbanked and underbanked communities worldwide. From remittance payments, access to credit facilities, or even just digital wallet solutions, advancements across the blockchain landscape have finally made this vision a reality. Among them, Coti is developing the enterprise-grade base layer for the rest to build atop of. Coti, which is short for “currency of the internet,” operates a fintech platform that supports stakeholder-driven payment solutions and empowers these stakeholders to digitize any currency. This aim aligns with Cardano’s ambitions of affordably and instantaneously ...
Blogarama - Blog Directory