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Worldcoin (Beginning Or End Of Privacy?) | Crypto Town Hall With Peter McCormack, Vinny Lingham, Matthew Gould, William Mougayar & Others

The Wolf Of All Streets

00:00

The Cost of Identity Networks

Financial fraud, which is what an identity network would help fight has to cause at least 2% of global GDP. In the US and EU, maybe it's closer to 2% or 3%. And if you think about it, it's true. It's not even fraud. I mean, fraud is one aspect of it. The bigger loss is that these people don't exist in the financial system.

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