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> solve a worthy problem: proof of personhood for crypto This is a problem? Like I have a SSN, a drivers license, and a birth certificate. These are tools deve
by michaelgrosner2 4y ago
> solve a worthy problem: proof of personhood for crypto
This is a problem? Like I have a SSN, a drivers license, and a birth certificate. These are tools developed already by my local and national government to prove personhood. They are used in a legal context, often. I have never once wished my identity could be involved in a cryptocurrency for any reason.
- trotro 4y ago> I have never once wished my identity could be involved in a cryptocurrency for any reason. Worldcoin tries to solve this exact problem. There's already a way to involve your identity in crypto, namely centralized exchanges using KYC. I don't have data to back this, but I would guess most crypto accounts are in some way doxxed via links to KYCd exchanges. Worldcoin provides a way to prove you're a human (that doesn't already own an account) without having to provide any info about yourself, except a scan of your iris. I share the overall negative sentiments about Worldcoin, mainly due to it being a VC-backed for-profit project. But you cannot ignore that it solves a real problem in crypto: Sybil resistance without access to hardware (mining in PoW) or capital (staking in PoS).
- trompetenaccoun 4y agoLike another user pointed out they could just use government issued ID and give out tokens based on that. There is no need to scan people's iris.