Worldcoin

#Idea

Worldcoin offers a Faustian bargain - give up biometric data from iris scans in exchange for potential crypto rewards. But can we trust their assurances of privacy? Supposedly zero-knowledge proofs prevent misuse of data. However, there hasn't been confirmed yet.

Founded by Sam Altman, Worldcoin want to establish Proof-of-Personhood via iris-scanning orbs and implement somehow a way to distribute Universal Basic Income (UBI) worldwide. Over 150 developers have joined and shared Altman's vision of borderless financial inclusion.

These are the 2 more severe controversies to be concerned about:

Privacy - Worldcoin claims zero-knowledge proofs protect sensitive data. Yet there isn't true confirmation of that. Worldcoin claims it will keep this data secure, but are they sure of it?
Sustainability - Where does Worldcoin's capital come from to fund massive weekly airdrops? Their economics stay opaque.

Currently, we depend on government-approved documentation for identity proof, and probably a lot of people want a decentralized way that isn't limited by governments, politics, or borders. Seems that Worldcoin has put itself as the one who has the solution, but is this sufficiently decentralized?

I feel just a handful of powerful people have claimed authority over an immense amount of sensitive data. True decentralization requires open-source systems without centralized points of control. But so far, the structure seems to lack the openness expected of a decentralized ecosystem.

A tweet from @ZachBT shows us once more how controversial is this project. Check it out: https://shorturl.at/dyP34

I signed up because I was curious and I thought was cool, right? Then it comes the part where I have to go in person to Seoul, to a physical location to scan my iris, and I started thinking and wondering. What is it for me? What do I get in exchange for this?

Then, Immediate benefits:

airdrop estimated at $200 over time, that if you are an early sign-up. ( I understand that in some places this is a huge financial impact, but where I live that's not the case).

Potential future benefits AS/IF the project moves forward.

the opportunity to earn additional WLD tokens through mining, if mining (?)
access to financial services built on Worldcoin's platform
support and contribute to the development of a new decentralized global digital currency ecosystem (indirect benefit)
if the project succeeds, a share from UBI through cryptocurrency (no realistic)

They're making big claims about rewards without showing us enough evidence that it can really happen. As a new, dreamy, and unproven concept, the potential rewards come loaded with uncertainty.

Worldcoin's vision is trailblazing but still speculative, and the project's success is far from certain. Show Less