In Nairobi, Bengaluru, and Hong Kong, our reporters found lots of people were eager to take the deal.

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

  • doppelgangmember@lemmy.worldEnglish
    28·
    1 year 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.itEnglish
    23·
    1 year 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@lemm.eeEnglish
      6·
      1 year 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.worldEnglish
        11·
        1 year 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.

  • Motavader@lemmy.worldEnglish
    11·
    1 year 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.worldEnglish
    8·
    1 year 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.