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Edward Snowden criticized WorldCoin for obtaining biometric data from its users

Edward Snowden criticized WorldCoin, and Bitfinex executive Paolo Ardonio shared concern about this Cryptocurrency. In Chile, more than 18 thousand people have joined Worldcoin in 6 months. 

Former CIA and NSA agent Edward Snowden have stated that the new crypto project called Worldcoin puts the privacy of its users at risk.

The project, which investor Sam Altman leads, has created a device called “Orb,” which scans people’s irises and awards Worldcoin tokens for free, as announced in Crypto DeFinance.

This event has prompted Snowden, an expert on privacy issues, to launch a warning message on Twitter.

“This looks like it produces a global (hash) database of people’s iris scans (for “fairness”) and waves away the implications by saying, “we deleted the scans!”

Yeah, but you save the *hashes* produced by the scan hashes that match *future* scans. 

Don’t catalogue eyeballs.”

– Argued Snowden in its Twitter account.

He also said, “The human body is not a ticket-punch, “referring to the ticket punchers used to know that the tickets have already been used.

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Other voices, such as Paolo Ardonio, CTO of the Bitfinex exchange, have also raised concerns about this cryptocurrency

“Imagine that you’re living in a cyberpunk world, with 1984 style of govt. control and Worldcoin eyeball scanners at every corner of the street… which type of apparel would you need to go around the city and protect your privacy?”

Other voices, such as Paolo Ardonio, CTO of the Bitfinex exchange, have also raised concerns about this cryptocurrency. 

Worldcoin project is backed by Andreessen Horowitz, Coinbase Ventures, and Digital Currency Group, which invested US$25 million in a round of financing. The company is valued at US$1 billion, according to Coindesk.

Edward Snowden criticized WorldCoin, and Bitfinex executive Paolo Ardonio shared concern about this Cryptocurrency. In Chile, more than 18 thousand people have joined Worldcoin in 6 months. 
Image Source: Orange Website

Response to criticism

Altman has tried to confront those who criticize his project. He also dismissed Snowden’s words on Twitter, saying that his cryptocurrency can give users more privacy than the Government centralized services are used today.

“All that Worldcoin, or anyone, could know is if someone has already subscribed to the service. The hash is cryptographically decoupled from the wallet and all future transactions, “said Altman.

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Altman is also an investor in companies such as Airbnb and Reddit. Altman considers that he underestimated the “visceral reaction” of people who reject biometric data for identity verification.

For his part, Alex Bania, co-founder of Worldcoin, expressed that even if he had the iris code of a person in his possession, there is no possibility of identifying the user on the blockchain.

How does Worldocoin work?

The cryptocurrency aims to grant free tokens to verified accounts with a biometric scan of the eye. They have formed a network of independent entrepreneurs called “Orb Operators”; there are 30 devices in stock.

The “operators” are those who operate the device in different places; the Orb creates a unique identifier called IrisHash that ensures in principle that the person is a human being and that they have not collected Worldcoin before.

The number of tokens each user receives will depend on how early they participated in the project. In that sense, they have programmed the number of coins to decrease as more people join.

Worldcoin orbs have scanned the iris of more than 130,000 people worldwide and are distributed in countries such as France, Sudan, Indonesia, Kenya, and Chile.

Edward Snowden criticized WorldCoin, and Bitfinex executive Paolo Ardonio shared concern about this Cryptocurrency. In Chile, more than 18 thousand people have joined Worldcoin in 6 months. 
Image Source: Forbes

In the case of Chile, 20 people work on the project, and so far, they have registered more than 18,000 users in six monthsaccording to the company’s website.

They only operate in Santiago’s Chilean capital, but the goal is to spread the project throughout the country, occasionally taking their team to smaller and more remote Chilean cities.


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Disclaimer:

The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
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Bruno Marques

Hi! I am the CEO/Founder of Crypto DeFinance, and I am an Enthusiast crypto investor. I started this project so we can provide you with carefully curated news. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
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