People are lured by easy money, without understanding the privacy implications of signing up for the block chain.

  • @doppelgangmember@lemmy.world
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    11 months ago

    I mean you can get a lot of info from retinal scans.

    That data is valuable for resell, much like genomic data…

    Should be universally illegal to harvest/sell/house this bio-info.

  • @Moonrise2473@feddit.it
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    2311 months ago

    ah thats why there are so many people willing to do this

    i wonder why the price is so high for something that’s already premined and does not offer anything new

    • hh93
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      611 months ago

      Yeah - if everyone gets 50$ and only half of them cash out then it’s not possible to have enough demand to not make this thing fall into oblivion.

      I really wonder how they plan to keep the value up once it has settled?

      • @Deestan@lemmy.world
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        1111 months ago

        This thing doesn’t need to hold up a second longer than the time the founders need to sell most of their premined tokens.

        They likely can and will keep it going for a bit longer via money coming in from new investors.

        • hh93
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          311 months ago

          The marketing cost seems to be insane though

          And developing such a high quality scanner also isnt cheap

          I feel like that current 2$ pricepoint can’t be the endgame the investors had in mind

          I don’t see how it’s going to rise further though

  • @Motavader@lemmy.world
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    1111 months ago

    “Relatively few people were familiar with the goals of the project, and rarely did their enthusiasm for the bonuses translate to an enthusiasm for the Worldcoin project or cryptocurrency more broadly”

    Yeah, I don’t really see this project going anywhere. I’m guessing the vast majority of these people who got $50 in worldcoin will never figure out how to convert it to fiat currency or another crypto.

  • @Pika@lemmy.world
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    911 months ago

    I’m concerned at the security implications of this. I haven’t read into it but, with the world moving towards facial recognition/face locks. I’m not sure how wise it is to allow people to do a detailed outline of your eye and face.

  • yip-bonk
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    211 months ago

    Facebook / Twitter Redux: Next Verse Same As The First.