The token has been controversial in Silicon Valley for its ambitious and unorthodox approach to trying to solve two vexing problems: Online identity authentication and income inequality.

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The token economics — a breakdown of how the tokens will be distributed — will be made public Monday, the people said.

Tools for Humanity has offered people around the world free Worldcoin tokens, called “WLD,” in exchange for scanning their irises with a device called “The Orb.” The iris scans ensure that each person can have only one Worldcoin ID.

  • mischk@discuss.tchncs.de
    41·
    1 year ago

    Universal Basic Income is not a technical problem but a political decision. This new coin does not solve social or economical inequality. Its just a new comtetitor in the field of cryptoscam.

    • Anomander@kbin.social
      10·
      1 year ago

      Very much so.

      If this coin’s math and mechanics actually work in transferring wealth from rich to poor … it’ll be swamped in poor people wanting their cut, and rich people will want nothing to do with a shitcoin that’s explicitly going to take their money and give it to other people.