Sam Altman, known for his role at OpenAI, has rekindled his passion for Worldcoin cryptocurrency. Launched in July 2022, Worldcoin aims to provide free digital currency to individuals willing to scan their irises using a unique device.
A Quest for Identity in the Digital Age
By capturing iris scans, Worldcoin aims to address the issue of distinguishing between real people and bots in the realm of artificial intelligence (AI). Altman believes this is crucial as AI becomes more prevalent. Over 2.6 million people have enrolled in the program worldwide, but it has sparked concerns about potential privacy infringements.
Investment and Controversy
Worldcoin, a project of Tools For Humanity, is reportedly seeking $50 million in investment. Despite its innovative approach, the company has faced criticism regarding its privacy practices. A U.S. research center has raised concerns about the potential for “privacy nightmares.”
FAQs
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What is a cryptocurrency?
A digital currency that uses cryptography for security, typically operating on a blockchain network.
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What is a blockchain?
A secure digital ledger that records transactions in a decentralized manner, ensuring transparency and preventing alterations.
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What are irises?
The colored part of the eye that contains unique patterns, making them suitable for biometric identification.
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What are bots?
Automated software programs that perform tasks typically done by humans, often used for malicious purposes.
Disclaimer: This article provides general information and does not constitute financial advice. Cryptocurrency investments are subject to risks, and individuals should conduct their own research and seek professional guidance before making any investment decisions.
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