WorldCoin is a cryptocurrency created by Sam Altman, the same entrepreneur and venture capitalist that brought the world OpenAI and ChatGPT. The protocol relies on Orbs — melon-sized silver balls that scan people’s retinas to acquire their biometric data.
The sales pitch goes something like this: If you scan your irises, you’ll get WorldCoin (cryptocurrency), which isn’t currently traded on any open marketplace. You’ll get to be involved with the WorldCoin Network, which will (supposedly and eventually) be a marketplace where people can trade real-world goods and services for WorldCoin.
But in the US, where WorldCoin would probably be considered a security by the Securities and Exchange Commission (SEC), the trade-off for your biometric data is even more bleak: you get nothing, you lose, good day.
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