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Comment by nwoli | Hacker News Reader

Am I the only one who doesn’t think its a grift? I get that we wanna put negative pressure on altman becuase of the hypocrisy of openai, but I kinda would like to participate in world coin if possible. UBI sounds nice and I give up more personal data using any other service so idk, it doesn’t actually bother me tbh

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Where is the money going to come for a UBI?

Presumably it would be distributed as Worldcoin airdrops. Either those airdrops will quickly reduce the value of the coin towards zero because nobody’s going to trade real money for WorldHyperInflationCoin…

Or, Sam Altman will somehow create Worldgov too that will fund this brave new Worldcoin UBI. Doesn’t seem terribly likely.

Maybe it’s an AI Underpants Gnome thing where step #2 is “posthuman superintelligence will solve it!”

The grift here is that there is no way in you are ever going to see a cent of that promised UBI. I hope giving away your biometrics was worth that slim hope. I'd personally go for the lottery ticket if I wanted to some have fun with massively improbable odds. I still won't ever see a cent, but at least it's less creepy

We put negative pressure on anybody who tries to build a global database of mankind's iris scans, no matter if it's a government, an agency or a company.

Lots of shitcoins before have handwaved at some UBI solution in the future. World coin has no plans. They have a public roadmap, which is different from a plan. Every shitcoin has a roadmap to build hype and satisfy desires without needing to deliver.

Call it the Universal law:

Any coin used for UBI, will lose value against Bitcoin.

I agree with you. They are clear about what they ask of you and what they give you. I wouldn't accept, but people should be able to accept if they want.

It isn't clear what they give you. You know neither it's worth nor it's usefuless nor it's lifetime.

And I doubt that many people exactly know what they give and what happens to that data or what negative effects it could have if that data is stolen.

Otherwise people wouldn't fall for (crypto) scams.

It's crypto - quite clearly you don't know what its worth is or will be. That's the entire point.

So it isn't clear what the really give, could be the equivalent of OneCoin.

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