Our AI writing assistant, WriteUp, can assist you in easily writing any text. Click here to experience its capabilities.

OpenAI's Sam Altman launches Worldcoin crypto project

View Original View Raw

Summary

OpenAI CEO Sam Altman has launched a new cryptocurrency project called Worldcoin. The project offers a 'digital passport' called World ID, which is created through a process of an in-person iris scan using Worldcoin's 'orb'. WLD, the project's cryptocurrency token, has seen $25.1 million of trading volume on the world's largest exchange, Binance, and is being used as an enticement for those who sign up. The project hopes to be used to help differentiate between real people and AI bots online, as well as help address how the economy will be reshaped by generative AI, such as with universal basic income.

Q&As

What is Worldcoin's core offering?
Worldcoin's core offering is its World ID, which the company describes as a "digital passport" to prove that its holder is a real human, not an AI bot.

How does Worldcoin create World IDs?
To get a World ID, a customer signs up to do an in-person iris scan using Worldcoin's 'orb', a silver ball approximately the size of a bowling ball. Once the orb's iris scan verifies the person is a real human, it creates a World ID.

How has Worldcoin's cryptocurrency token WLD fared on the world's largest exchange, Binance?
On the world's largest exchange, Binance, WLD hit a peak of $5.29 and at 1000 GMT was at $2.49 from a starting price of $0.15, having seen $25.1 million of trading volume, according to Binance's website.

How could World IDs be used in the age of generative AI?
World IDs could be used to tell the difference between real people and AI bots online.

What does Sam Altman believe about the use of World IDs and universal basic income?
Sam Altman believes that World IDs can help reduce fraud when deploying universal basic income (UBI) and that UBI can help to combat income inequality. He also believes that Worldcoin lays groundwork for UBI to become a reality.

AI Comments

👍 Sam Altman's Worldcoin project is an innovative solution that could revolutionize the way we use money in the future. The concept of a World ID that is based on an iris scan is an impressive use of technology and could prove to be incredibly useful in the age of generative AI.

👎 Worldcoin's plan for universal basic income is a utopian dream that is not feasible in the real world. Furthermore, the use of a "silver ball" to verify identity is overly complicated and could be easily abused by malicious actors.

AI Discussion

Me: It's about Sam Altman launching a cryptocurrency project called Worldcoin. It has a digital passport feature called World ID that uses iris scans to verify that the person is a real human. They are scaling up operations to 35 cities in 20 countries and people who sign up in certain countries will receive a cryptocurrency token called WLD.

Friend: Wow, that's really interesting! What are some of the implications?

Me: One of the implications is that it could be used to help address how the economy will be reshaped by AI, like with the implementation of universal basic income. It could also be used to reduce fraud when deploying UBI and to tell the difference between real people and AI bots online. It could also have implications for data privacy, since the World IDs are stored in a way that preserves privacy and can't be controlled or shut down by any single entity.

Action items

Research the Worldcoin project and its features in more detail.
Sign up for a Worldcoin account and explore the platform.
Follow the development of the project and its progress in the news.

Technical terms

OpenAI: OpenAI is an artificial intelligence research laboratory founded by Elon Musk and Sam Altman.
Cryptocurrency: Cryptocurrency is a digital or virtual currency that uses cryptography for security.
World ID: World ID is a digital passport created by Worldcoin to prove that its holder is a real human, not an AI bot.
Orb: Orb is a silver ball approximately the size of a bowling ball used by Worldcoin to do an in-person iris scan.
Binance: Binance is the world's largest cryptocurrency exchange.
Blockchain: Blockchain is a distributed ledger technology that records and stores data in a secure and immutable way.
Generative AI: Generative AI is a type of artificial intelligence that can generate new data from existing data.
ChatGPT: ChatGPT is a generative AI chatbot that produces remarkably humanlike language.
Universal Basic Income (UBI): UBI is a social benefits program usually run by governments where every individual is entitled to payments.