this post was submitted on 31 Jul 2023
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People are lured by easy money, without understanding the privacy implications of signing up for the block chain.

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[–] doppelgangmember@lemmy.world 29 points 1 year ago* (last edited 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.it 23 points 1 year ago (1 children)

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.ee 6 points 1 year ago (1 children)

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.world 11 points 1 year ago (2 children)

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.

[–] clgoh@lemmy.world 15 points 1 year ago (3 children)

Some kind of Ponzeye scheme?

[–] sarcasticsunrise@lemmy.zip 3 points 1 year ago

Alright, I see what you did there

[–] yip-bonk@kbin.social 3 points 1 year ago
[–] Deestan@lemmy.world 2 points 1 year ago

Yeah but with enough technobabble to slow down litigation until the money are squirreled away.

[–] hh93@lemm.ee 3 points 1 year ago

The marketing cost seems to be insane though

And developing such a high quality scanner also isnt cheap

I feel like that current 2$ pricepoint can't be the endgame the investors had in mind

I don't see how it's going to rise further though

[–] ashok36@lemmy.world 16 points 1 year ago (2 children)

Every day, Demolition Man seems more and more prescient.

I'm holding out for the three sea shells myself.

[–] EnderWi99in@kbin.social 4 points 1 year ago* (last edited 1 year ago)

I'm sorry to say that the world has turned into a pussy-whipped, Brady Bunch version of itself, run by a bunch of robed sissies.

[–] Motavader@lemmy.world 11 points 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.world 9 points 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.

[–] yip-bonk@kbin.social 2 points 1 year ago

Facebook / Twitter Redux: Next Verse Same As The First.