Worldcoin continues to defame crypto

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Last Updated on 6 November 2023 by CryptoTips.eu

Things are not going well for Worldcoin, the digital currency of Tools for Humanity, the company founded by Sam Altman (whom you know because he is also the CEO of Apen AI, the company that developed ChatGPT). Tools for Humanity wants to scan the eyes of everyone in the world and then give users a ‘basic universal income’ via a digital currency (called Worldcoin).

The company tried to launch in New York last month (Worldcoin is still officially banned in the US), but it wasn’t a great success. Ever since the official launch of Worldcoin (with 2 million signups at the time), only 200,000 more ‘customers’ have been added in the past two weeks.

Advertentie.

Hal 9000

We already told you twice about Worldcoin this year (Ethereum founder Vitalik Buterin clearly isn’t a fan either), the digital coin founded by Sam Altman (the CEO of Open AI, the company behind ChatGPT). Through a scan of your iris, made by an ‘Orb’, Worldcoin hopes to be able to make a kind of ‘digital passport’ of all humanity. If everyone in the world can be recognized by computers, it will then be easier to pay everyone a ‘universal basic income’ and let computers (and robots) do all the work instead. That’s the idea behind the system.

The problem is that you then let computers take over everything and anyone who is old enough can see that the Orb is very similar to the Hal 9000, the AI computer from ‘2001, a Space Odyssey’, the 1968 film by Stanley Kubrick. That story also ‘almost’ did not end well for humanity, of course.

This week, global media such as the New York Times and Euronews also discovered Sam Altman’s latest toy, and their coverage isn’t exactly positive either.

YouTube video

When asked why he had his eyes scanned, 25-year-old crypto entrepreneur Lawrence Yan told the New York Times that “privacy doesn’t even exist anymore.”

With this he repeats the position of Mark Zuckerberg, who also used that answer in the past to explain the power of Facebook (now Meta). That was not appreciated at the time either.

However, the world of crypto still seems unconvinced (Bitcoin Magazine called Worldcoin a ‘scam’) and it is clear that Worldcoin still has to convince a lot of people to get to any believable database of a few tens of millions of scans. Earlier this week, Worldcoin went offline for a while and users could not access their own crypto.

Undoubtedly to be continued.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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