The right path to what, exactly? Is there any remotely plausible sequence of events where this evolves into a positive contribution to the world rather than a way for a couple billionaires to role-play as, well, whatever they are role-playing here?
Having reliable personal identities would enable some interesting stuff, like inflation-funded basic income, reputations, and loans without collateral. But I don't really think having a central actor collect biometrics is a good or safe way to achieve it.
Here's my US passport, a drivers license, a picture of my home, some tax records, and you can verify all of this beyond a reasonable doubt via the various credit reporting agencies. Now hand my my $100k please. Oh BTW I don't actually have any money in the bank and I have no income and etc so you're never going to see me again and good luck collecting anything.
> Having reliable personal identities would enable some interesting stuff, like inflation-funded basic income, reputations, and loans without collateral
In a way that, like, say passports, have never done?
Imagine a world where everyone on earth start with the same amount of coins, not based on how many gpu are mining for you or how early you are in the pyramidal game.
Will probably end up with some people holding most of the value anyway, but at least you start equally.
Imagine a world where everyone on Earth has their iris scans recorded by a Silicon Valley company in return for a voucher for a small amount of a cryptocoin that doesn't actually exist and may never have any value at all, much less its stated $20.
I see the appeal of this, but don't understand how anything like Worldcoin would be able to achieve that. People already have wealth accumulated in the real world, and there's no reason giving everyone an equal amount of a cryptocurrency would suddenly place everyone in an equal starting position.
> Will probably end up with some people holding most of the value anyway
Yes, exactly. It's an entirely pointless exercise because it doesn't take place in a vacuum. A "great reset" is pointless regardless of your particular aims because the world is the way it is for a reason.
OK I imagined it. Everyone in the world now has some number of digital “coins” tallied in some kind of system created by a bunch of Bohemian Grove type billionaires.
I like playing around in the crypto space. I always have. Using ZK-Snarks with biodata allows you to verify, profit and protect your data. Instead of handing it to some entity to do god knows with. I give it to apple and their database isn't just a hash, it's full and open catalouging with all my other data taken from the the many sensors in the phone and products.
Worldcoin's vision is a positive contribution to my life and many people i know who also enjoy playing around in the crypto space. People are adults, let them be adults and make their own decisions. & stop bashing the crypto-autists like me who enjoy playing in the cryptoverse, for the only reason that it's wierd and different.
I work in security (at a crypto/web3 company!) and the opposite line of thought prevails in the field, most security experts argue that biometric data is fundamentally insecure especially for auth. A quick google search shows a lot of research backing that, from universities to major tech companies.
>Using ZK-Snarks with biodata allows you to verify, profit and protect your data. Instead of handing it to some entity to do god knows with.
How is this going to happen exactly? The requesting entity, like a doctor, asks for medical history. I use my retina to verify, and thanks to ZK-Snarks they have no knowledge of my retina data. How are they going to get the blood pressure readings? They need the data to analyze and understand. And what stops them from saving it in their own DB?
Similar with many of these web3 products. Think, uniswap or defisaver. Ok you can use ZK to auth, they have no idea what wallet address is connected. But as soon as you use it they know exactly who and what you transferred and traded, all stored in a DB.
"Worldcoin says it eventually wants to erase the iris images to protect the privacy of those who sign up for its currency. If perfected, the company says the technology will distill the image of each set of irises into a unique string of letters and numbers, called an iris-hash, to be stored in Worldcoin’s database. As the company’s data consent form states, data gathered by the Orb will be used for “purposes such as training of our neural network for the recognition of human irises.”"
That doesn't change the fact that you will most likely be able to take someone's iris-hash and then associate their transaction history with that hash.
The right path to what, exactly? Is there any remotely plausible sequence of events where this evolves into a positive contribution to the world rather than a way for a couple billionaires to role-play as, well, whatever they are role-playing here?