Spain tells Sam Altman, Worldcoin to shut down its eyeball-scanning orbs
arstechnica.com
Cryptocurrency launched by OpenAI's Altman is drawing scrutiny from regulators.
  • Spain has moved to block Sam Altman’s cryptocurrency project Worldcoin, the latest blow to a venture that has raised controversy in multiple countries by collecting customers’ personal data using an eyeball-scanning “orb.”
  • Worldcoin has registered 4 million users, according to a person with knowledge of the matter. Investors poured roughly $250 million into the company, including venture capital groups Andreessen Horowitz and Khosla Ventures, internet entrepreneur Reid Hoffman and, prior to the collapse of his FTX empire, Sam Bankman-Fried.
  • “I want to send a message to young people. I understand that it can be very tempting to get €70 or €80 that sorts you out for the weekend,” España Martí said, but “giving away personal data in exchange for these derisory amounts of money is a short, medium and long-term risk.”
  • Sharing such biometric data, she said, opened people up to a variety of risks ranging from identity fraud to breaches of health privacy and discrimination.
  • LWD@lemm.ee
    0·
    8 months ago

    15 years without a single hour of downtime or hack

    True, not a single hack… Just over $70 billion worth of hacks

    https://www.web3isgoinggreat.com/

    your currency

    Due to the instability of cryptocurrency, calling it currency and not something like “speculative assets” is very funny.

    It’s a nightmare to use as a currency.

    There’s a reason Ecuador and Argentina went in on it so hard.

    Argentina’s poverty levels hit 57% of population, a 20-year high in January

    Bitcoin is a form of energy storage in that sense.

    I want the drugs you’ve got. Increased interest in cryptocurrency equals higher energy usage. Adoption leads to excess straining of energy without helping anybody except for, as you see in Argentina, the rich.