Unchained Orb Outrage: Worldcoin Cofounder Defends Project Amid Backlash - Ep. 528
Aug 8, 2023
Alex Blania, co-founder of Worldcoin, shares insights into the project's ambitious goal of providing universal basic income through proof of personhood. He addresses the backlash regarding biometrics and privacy concerns, explaining how the iris scanning technology actually works. Alex discusses the rise of a black market for World IDs, the project's compliance with global regulations, and why understanding crypto isn't necessary for its success. He believes Worldcoin will be a transformative force in onboarding people to cryptocurrency.
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Worldcoin's True Goal
- Worldcoin's main goal is a truly inclusive financial network based on proof of personhood.
- Universal Basic Income (UBI) was a personal motivation for Sam Altman, not the project's founding purpose.
Current Protocol Limitations
- Worldcoin's protocol currently allows transactions without iris verification.
- Re-authentication with facial recognition is planned for future implementation.
Verification Methods
- Worldcoin uses iris scanning for initial verification of uniqueness, necessitating custom hardware like the Orb.
- Subsequent verifications will rely on facial recognition stored locally on the user's phone, similar to Face ID.
