OpenAI's CEO Sam Altman has launched a new cryptocurrency, Worldcoin.
According to Reuters, the currency's core creates a World ID, which OpenAI states is a "digital passport" to differentiate between a human and an AI bot. A user can sign up for World ID, which will then scan an individual's iris in person with the help of Worldcoin's 'orb'. This object is a silver ball, as big as a bowling ball, which will scan the iris to create the World ID.
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like any really ambitious project, maybe it works out and maybe it doesn’t, but trying stuff like this is how progress happens.
in either case, we especially love our haters, it gives us energy, please keep it coming! — Sam Altman (@sama) July 24, 2023
Core idea was interesting but giving away your most sensitive data for 50 $ lol — Saiki__GPT (@SaikiK66287209) July 24, 2023
Worldcoin is created by Tools for Humanity, a San Francisco and Berlin-based company. Its beta period led to 2 million sign-ups, and since its launch on Monday, Worldcoin will provide its "orbing" operations to 35 cities in 20 countries. Individuals from certain countries will also receive a token called WLD.
3/ Because Worldcoin uses ZKP, a user could prove ownership of a private key in the database without revealing the corresponding public key.
This means actions cannot be linked to a specific identity. — sydney (@0xSydney) July 25, 2023
7/ Worldcoin scaled Semaphore using a ZK rollup that looks like this:
1. Identity commitment is forwarded to the signup sequencer
2. The signup sequencer inserts commitment to queue
3. A single fixed batcher processes the queue (currently) and computes merkle tree update proofs pic.twitter.com/4L0qE0CqES — sydney (@0xSydney) July 25, 2023
Since Monday, WLD's prices have risen. According to Binance, it peaked at $5.29, with its starting price of $0.15. So far, they have hit a trading volume of $25.1 million.
Co-founder Alex Blania revealed to Reuters that World IDs will perceive one's privacy. The Blockchains will store the IDs in a way that they can't be shut down by any single entity.
3/6 Verification that you’re a real person seems to only currently be enforced at the enrollment level.
This has lead to the emergence of a Black Market for accounts. Currently accounts got as low as $1 per account on Telegram. pic.twitter.com/2s5n1eSMd9 — ZachXBT (@zachxbt) July 24, 2023
Worldcoin is the best worst idea ever! This is just about the creepiest thing to come out of silicon valley since...yesterday.👁️ #Worldcoin pic.twitter.com/wKzhq9zh0B — Nobody Special (@JG_Nuke) July 24, 2023
What could possibly go wrong with #WorldCoin? pic.twitter.com/uIWMHc9uP3 — el gato del espacio (@2salt2furious) July 24, 2023
Since the world is gearing towards generative AI chatbots like ChatGPT, World IDs will become a necessity to tell the difference between humans and AI bots in the digital world. Altman added that Worldcoin could aid our economy, which might reshape by AI.
"People will be supercharged by AI, which will have massive economic implications,” he said.
He gave an instance of universal basic income (UBI), a government-run program where people are entitled to payments. As AI "will do more and more of the work that people now do," Altman feels UBI will help with the inequality of salaries. It can help to reduce fraud with UBI, as only real humans can generate World IDs.
Wtf did this dude just say? Did he literally say that he can’t talk about how WorldCoin is distributed “because of the regulatory uncertainty” in the United States? 🤦♂️
If there was ever a signal to RUN AWAY as fast as you can from a project, HERE IT IS. Is he saying he can’t… https://t.co/e2f7V7pxTa — John E Deaton (@JohnEDeaton1) July 24, 2023
Is there no ethical committee, or moral way to stop people from infringing on privacy? — Peter McCorkle (@MccorklePete) July 24, 2023
Sam Bankman
Sam Altman
The matrix isnt even being creative anymore.
They're just pumping out names and faces that you THINK you would trust.
Let #WorldCoin fail on its own just like other sam did.
never.
trust.
the man. pic.twitter.com/cGywdhSslN — BareNakedCrypto 🫐, (@BearNakedCrypto) July 24, 2023
Saruman wielding the @worldcoin Palantír https://t.co/s2jfG7vIuu pic.twitter.com/kU1cltZIqV — logonaut.eth ~.lens 🛡️ (:D,:D) (💙,🧡) 🏰🃏 (@logonaut) July 24, 2023
While Altman said UBI would be "very far in the future" for the world, he has no notion of which company or entity can give equal pay. However, with Worldcoin, it can become real.
"We think that we need to start experimenting with things, so we can figure out what to do," he said.
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