Wow, what a great piece of reporting/analysis. I saw a short piece on Worldcoin in the NYT or Wapo about all the funding it has raised. Now I understand what’s going on. What a hustle! Thank you for this! I love the writing and the way you expose all the BS.
Excellent analysis, as always, but I'd suggest that Worldcoin knows *exactly* what it's trying to do: world domination. It's the same old crypto scam that's been around since bitcoin started: Let us replace the financial, political, and social structures of the world with ours which will be oh so much better.
By now, it would be laughable, except it has VC money behind it and we've learned that clowns with enough money can do a lot of damage to the world.
Holy shit, it's just parasites all the way down. What if this jackass merges with that terrible company Clearview, scraping social media and sending everyone's info to the cops?
And for most of us who do not wish to comply, how the hell can we protect ourselves from these mercenary scumbags.
It gives me similar vibes to Algorand and Internet Computer. Not in that they’re trying to achieve the same thing but that it’s a lot of sound and fury signifying nothing. Very technical language + a meaningless crypto + tons of VC money = something we hear about for a year that slowly fades into obscurity. Orbscurity? 🥁. 😅.
What I miss is that usually with a biometrics system, you are signed up to enter the vault (so to speak) and later when you come back they scan you again to verify it is really you. All I read here is you have your iris scanned and it is associated with your id and then what? Are you ever scanned again to verify you? Is that all in the not yet fleshed out future use cases? My short opinion about this whole orbshow by the way is (in good German): Das ist alles Lüge!
Your math on one signup every 8 seconds and 8 billion signups in about 30 years doesn't line up. I'm guessing you used 8 signups per second instead. At one per 8 seconds, Worldcoin will manage to sign up everyone currently alive in approximately 64 billion seconds, or by 4051.
Google says that there are more than four births every second of every day. They scan one person every eight seconds. The math does not look good here 😁
British regulator investigates biometric data processing Worldcoin
Some excerpts from the article (translated):
The British privacy regulator ICO has launched an investigation into Worldcoin, a biometric cryptocurrency project.
Privacy regulators have questions about the processing of biometric data. Organizations must carry out a Data Protection Impact Assessment (DPIA) before any high-risk processing, such as the processing of special categories of biometric data, can take place. If the risks cannot be remedied, the supervisor must be contacted.
The ICO emphasizes that organizations must also have a legal basis for processing personal data. When this is done on the basis of consent, it must be given freely and can be withdrawn without adverse consequences. The British privacy regulator will ask Woldcoin for clarification now that the service has been launched in Europe. The French privacy regulator calls the legal validity of the biometric data collection "questionable", as well as the conditions under which this happens. Worldcoin informs Reuters that it complies with applicable privacy laws everywhere.
Worldcoin: a solution in search of its problem
WORLDCON.
The whole techno/crypto hustle is approaching its final stage: decadence. The Great Implosion comes next. Sort of like the the Big Bang in reverse.
Wow, what a great piece of reporting/analysis. I saw a short piece on Worldcoin in the NYT or Wapo about all the funding it has raised. Now I understand what’s going on. What a hustle! Thank you for this! I love the writing and the way you expose all the BS.
"and, of course, Andreessen Horowitz" has the same vibe as "Somehow, Palpatine has returned."
Excellent analysis, as always, but I'd suggest that Worldcoin knows *exactly* what it's trying to do: world domination. It's the same old crypto scam that's been around since bitcoin started: Let us replace the financial, political, and social structures of the world with ours which will be oh so much better.
By now, it would be laughable, except it has VC money behind it and we've learned that clowns with enough money can do a lot of damage to the world.
Holy shit, it's just parasites all the way down. What if this jackass merges with that terrible company Clearview, scraping social media and sending everyone's info to the cops?
And for most of us who do not wish to comply, how the hell can we protect ourselves from these mercenary scumbags.
It gives me similar vibes to Algorand and Internet Computer. Not in that they’re trying to achieve the same thing but that it’s a lot of sound and fury signifying nothing. Very technical language + a meaningless crypto + tons of VC money = something we hear about for a year that slowly fades into obscurity. Orbscurity? 🥁. 😅.
What I miss is that usually with a biometrics system, you are signed up to enter the vault (so to speak) and later when you come back they scan you again to verify it is really you. All I read here is you have your iris scanned and it is associated with your id and then what? Are you ever scanned again to verify you? Is that all in the not yet fleshed out future use cases? My short opinion about this whole orbshow by the way is (in good German): Das ist alles Lüge!
I will admit that I bailed about a third of the way through this article (but I will finish it).
The only way I would be less likely to do this (and I am not at all likely) is if it was run by Meta.
This is a hard "*NO*"
Your math on one signup every 8 seconds and 8 billion signups in about 30 years doesn't line up. I'm guessing you used 8 signups per second instead. At one per 8 seconds, Worldcoin will manage to sign up everyone currently alive in approximately 64 billion seconds, or by 4051.
Google says that there are more than four births every second of every day. They scan one person every eight seconds. The math does not look good here 😁
Wow. One of your clearest and most insightful essays yet. Thanks, Molly.
Via Dutch site security.nl I just found out:
British regulator investigates biometric data processing Worldcoin
Some excerpts from the article (translated):
The British privacy regulator ICO has launched an investigation into Worldcoin, a biometric cryptocurrency project.
Privacy regulators have questions about the processing of biometric data. Organizations must carry out a Data Protection Impact Assessment (DPIA) before any high-risk processing, such as the processing of special categories of biometric data, can take place. If the risks cannot be remedied, the supervisor must be contacted.
The ICO emphasizes that organizations must also have a legal basis for processing personal data. When this is done on the basis of consent, it must be given freely and can be withdrawn without adverse consequences. The British privacy regulator will ask Woldcoin for clarification now that the service has been launched in Europe. The French privacy regulator calls the legal validity of the biometric data collection "questionable", as well as the conditions under which this happens. Worldcoin informs Reuters that it complies with applicable privacy laws everywhere.
https://www.security.nl/posting/805292/Britse+toezichthouder+onderzoekt+biometrische+dataverwerking+Worldcoin