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Sam Altman’s Worldcoin token to launch Monday (www.semafor.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The token has been controversial in Silicon Valley for its ambitious and unorthodox approach to trying to solve two vexing problems: Online identity authentication and income inequality.

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[–] [email protected] 2 points 1 year ago (1 children)

But in recent conversations with investors, Altman has played his ace card, using advances in AI to entice people to put money into Tools for Humanity, the company behind Worldcoin, according to people briefed on the matter. If the value of the coin increases, it could be a massive windfall for Altman and other investors.

The token economics — a breakdown of how the tokens will be distributed — will be made public Monday, the people said.

Tools for Humanity has offered people around the world free Worldcoin tokens, called “WLD,” in exchange for scanning their irises with a device called “The Orb.” The iris scans ensure that each person can have only one Worldcoin ID.

Maybe I'm cynical, but, this rubs me very much the wrong way.

[–] [email protected] 1 points 1 year ago

Cryptocurrency (99%+ scams & grift) + billionaire asshat + invasive biometric-based tracking. If it doesn't rub you the wrong way, it's a good indication the're rather stupid.