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Sam Altman's Worldcoin Promised Them Free Crypto For An Eyeball Scan. Now They Feel Robbed. - 2022-04-21

F0.png Sam Altman's Worldcoin Promised Them Free Crypto For An Eyeball Scan. Now They Feel Robbed. April 21, 2022, Richard Nieva, BuzzFeed News

Blania described a futuristic world awash in Orbs of varying shapes and sizes, where each person would be assigned a unique and anonymized code linked to their iris that they could use to log in to a host of web and blockchain-based applications.

Blania did not rule out the possibility that Worldcoin would charge a fee for providing this service, but the startup primarily plans to make money through the appreciation of its currency. "You distribute a token to as many people as you can," Blania said. Because of that, the "utility of the token increases dramatically" and the "price of the token increases."

Key to all of this technology is the Orb itself, and the contract that Orb operators sign underlines the company's focus on stress-testing it. "Your role is to help us evaluate the Orbs and how people interact with them," the contract says. "You should think of yourself as a product tester."

Wikipedia cite:
{{cite news | first = Richard | last = Nieva | author2 = Aman Sethi | title = Sam Altman's Worldcoin Promised Them Free Crypto For An Eyeball Scan. Now They Feel Robbed. | url = https://www.buzzfeednews.com/article/richardnieva/worldcoin-crypto-eyeball-scanning-orb-problems | work = BuzzFeed News | date = April 21, 2022 | accessdate = May 18, 2023 }}