Reply to thread

Message

<blockquote data-quote="MuzzMelbourne" data-source="post: 1051680" data-attributes="member: 94561">Two points,Firstly, nowhere that I can find has Worldcoin mentioned introducing a Universal Basic Income(UBI). This is a term used by conspiracy theorist&#039;s to describe a global minimum wage for workers based on the introduction of AI and communist ideologies and is a gross misuse of the term as a scare tactic or a gross misunderstanding of the theory by the author.Secondly, Worldcoin go to great lengths to explain that data collected from the iris scan is ONLY used to produce a hash of an individual&#039;s iris which provides an immutable&nbsp; ID code for security purposes. The iris scan image/data is then destroyed and the encrypted hash is only used to verify transactions by the individual with a further iris scan at the point of use(e.g. voting, collection of aid, establishing a bank account, etc). It is no worse, but more accurate and less prone to fraud, than your fingerprint.This type of article is typical sensationalist journalism rather than a balanced review of the technology as presented.</blockquote>

[QUOTE="MuzzMelbourne, post: 1051680, member: 94561"] Two points, Firstly, nowhere that I can find has Worldcoin mentioned introducing a Universal Basic Income(UBI). This is a term used by conspiracy theorist's to describe a global minimum wage for workers based on the introduction of AI and communist ideologies and is a gross misuse of the term as a scare tactic or a gross misunderstanding of the theory by the author. Secondly, Worldcoin go to great lengths to explain that data collected from the iris scan is ONLY used to produce a hash of an individual's iris which provides an immutable ID code for security purposes. The iris scan image/data is then destroyed and the encrypted hash is only used to verify transactions by the individual with a further iris scan at the point of use(e.g. voting, collection of aid, establishing a bank account, etc). It is no worse, but more accurate and less prone to fraud, than your fingerprint. This type of article is typical sensationalist journalism rather than a balanced review of the technology as presented. [/QUOTE]

Verification