Worldcoin, ChatGPT CEO's cryptocurrency, is online and already in legal trouble!

Crypto technologies are based on the blockchain, a technology that allows the user's identity to be obscured, and Worldcoin, it would seem to violate this principle

by Lorenzo Ciotti
SHARE
Worldcoin, ChatGPT CEO's cryptocurrency, is online and already in legal trouble!

Worldcoin, the cryptocurrency founded by OpenAI CEO Sam Altman together with Alex Blania, is finally available to users. Worldcoin has been tested in a few countries, including Chile, Norway, Indonesia, Kenya, Sudan and Ghana.

By the end of 2023 Blania and Altman intend to expand Worldcoin to 20 more countries. At the moment the new cryptocurrency, which after the initial tests was officially launched on the markets at 10:00 on Monday 24 July, has involved over two million users.

Since launch, the value has grown 98% from $1.66 to $3.30. There is a lot of talk about Worldcoin and its new features, compared to traditional platforms. One of the main innovations concerns the biometric authentication system based on iris recognition.

Proof of identity is managed by a biometric device called an orb and this allows the platform to verify that whoever intends to operate on cryptocurrencies is a human operator and not a bot.

Worldcoin is online and already in legal trouble!

Despite being barely available to users, Worldcoin is already at risk of legal trouble. Authentication via biometric data to verify user identities such as eye scanning alarms some observers who wonder if such data will be kept with due care.

Crypto technologies are based on the blockchain, a technology that allows the user's identity to be obscured, and Worldcoin, it would seem to violate this principle. Alex Blania said that any information will be jealously guarded, and the goal is to build a privacy-centric, decentralized and maximally inclusive world.

Blania and Sam Altman explained: “Worldcoin could enable global democratic processes and ultimately show a potential path to AI-funded universal basic income. Worldcoin is an attempt at alignment on a global scale, the journey will be challenging and the result is uncertain.

But finding new ways to broadly share impending technological prosperity is a key challenge of our time. We hope you'll join us." Surely the privacy guarantors in the different countries will be keeping an extremely vigilant eye on the evolution of Worldcoin technology, in order to protect the privacy of users.

Chatgpt
SHARE