Your ID has an expiry date.
"World IDs can be subjected to a set expiry. This essentially amounts to a revocation process but with a predefined expiry period that affords individuals ample time for re-verification, such as one year. Further, in accordance with its governance, the Foundation could eventually decide to expire verifications after a set period of time to further strengthen the integrity of the PoP mechanism in the interest of all participants."
Biometrics uber alles
"The only mechanism that can differentiate people in non-trusted environments is their biometrics. Biometrics are the most fundamental means to verify both humanness and uniqueness. Most importantly, they are universal, enabling access irrespective of nationality, race, gender or economic means."
"Based on the conclusion that the only path to verify uniqueness on a global scale is iris biometrics, Tools for Humanity built a custom biometric device, called the Orb. "
UBI & Authentication
"Once verified through the Orb, individuals are issued a World ID, a privacy-preserving proof-of-personhood credential. Through world ID, they can claim a set amount of WLD every week (Worldcoin Grants), where laws allow. World ID can also be used to authenticate as human with other services (e.g., prevent user manipulation in the case of voting). In the future, other credentials can be issued on the Worldcoin Protocol as well."
Built on Etherium.
Image Custody for training their AI on your Iris
"Using the images for training to improve the security and inclusivity of the network and to automatically update the user's iris code. Users who do not opt-in, can simply go back to an Orb to maintain their World ID verification if necessary."
Maintain? Sounds like the Chinese system.
A world database on irises?
"If a user opts-in to image custody, images are stored on an encrypted hard drive in the Orb before being uploaded."
"the iris code is a numerical representation of the texture of a person's iris. It holds the property that it can be compared against different images of the same iris to determine whether the images came from the same iris."
"Progressive Decentralization"
"Some parts of the Worldcoin ecosystem are already decentralized and open source. However, decentralization is an ongoing process that requires significant community contributions and participation. A gradual transition towards a decentralized ecosystem allows for careful assessment and refinement at each stage, ensuring that the transition is sustainable in the long term. Decentralization is core to the mission of Worldcoin and requires active participation of the broader community."
"World assets"
"The original idea started with co-founders Sam Altman, Alex Blania and Max Novendstern, who assembled a team to take the initial steps toward development of Worldcoin via their company Tools for Humanity (TFH)."
"This infrastructure empowers everyone to participate in the global economy in the age of AI and lays the foundations for universal basic income."
"The Foundation is an exempted limited guarantee foundation company, which is a type of non-profit, incorporated in the Cayman Islands. It has a wholly-owned business company subsidiary in the British Virgin Islands called World Assets Limited. "
"Today, the Worldcoin Foundation is “memberless”; it has no owners or shareholders. It is governed by a Board with three Directors: Chris “W” Waclawek, Phillip Sippl, and Glenn Kennedy of Leeward Management Ltd. Other Foundation advisors and contributors include Jacek Czarnecki, Remco Bloemen, and Sonja Prstec.
The Foundation currently uses a 4-of-6 multi-signature wallet to take any action related to Worldcoin’s smart contracts."
token.
"The project’s goals regarding the WLD token are as follows:
-The majority of WLD tokens will be given to individuals – simply for being a unique human.
-The majority of humans who are alive today will receive WLD tokens, making WLD the most widely distributed digital currency.
-The WLD token, alongside World ID, will be used for protocol governance.
-The WLD token will form the foundation of the largest privacy-preserving identity and financial network."
Worldcoin (WLD) is an ERC-20 token on Ethereum Mainnet. Individuals will receive their user grants on Optimism Mainnet. Therefore, most WLD transactions will likely take place on the Optimism network.
Initial supply cap
10B WLD
Inflation
Up to 1.5% per year. Inflation can start at the earliest after 15 years. Inflation rate is set by protocol governance. Default inflation rate = 0%.
Circulating supply
At launch, the maximum circulating supply will be 143M WLD
How to receive free WLD tokens
Subject to Availability (see below), anyone in the world can download the World App and reserve user grants. To claim WLD, anyone can visit an Orb in person to verify their uniqueness and humanness.
Worldcoin (WLD) tokens are not available to people or companies who are residents of, or are located, incorporated or have a registered agent in, the United States or certain other restricted territories.
more than 2 million individuals verified their World IDs at an Orb across more than 30 different countries. Subject to Availability, these users have already been allocated more than 43M WLD tokens before launch.
For 15 years following launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems necessary for the long-term sustainability of the protocol.
Governance will also decide how to allocate these newly minted tokens (if any).
WLD Token Allocation (Here comes the worldcoin scam)
75% Worldcoin Community
-Most of these tokens will be allocated to users; some of the tokens will be used for the ecosystem fund and for network operations. The Worldcoin Foundation will govern the allocation of these tokens
9.8% Initial Development Team
-Tools for Humanity (TFH) and other service providers took the initial steps to develop Worldcoin. TFH currently provides services to the Worldcoin Foundation and operates World App.
13.5% TFH Investors
-TFH investors provided funding that enabled TFH to support the multi-year pre-launch phase of the Worldcoin project. In particular, TFH developed the Orb, a biometric imaging device, the first version of the protocol, and World App, the first wallet for the Worldcoin ecosystem.
1.7% TFH Reserve
-Following launch, TFH will retain a reserve of 170M WLD to address future needs of TFH.
15-Year WLD unlocked supply schedule (representing an upper bound on circulating supply). Governance controls at which pace the unlocked Worldcoin Community tokens enter circulating supply. After year 15, governance may enact an inflation rate of up to 1.5% per year.
"Until decentralization and self-sufficiency, the Worldcoin Foundation will support the Worldcoin ecosystem. As part of its role, the Foundation will allocate the Worldcoin Community tokens primarily towards three different purposes: (1) user grants (subject to the “Availability” noted above), (2) network operations, and (3) ecosystem funds."
😂
The fact that eth-btc hasn’t budged since this Xitter announcement is awesome and evidence that orbcoin is yet another “crypto” farce
Eutheuruiem™️ is just a digital “money” printer, maybe people are beginning to understand 🥲
you really think that ETH even had a chance? 
Noh 🤝 
no idea what the left one is, but yes 💜
#tanelhasnt been to Chuck E. Cheese 😂
It’s a coin from a place where children have birthday parties. The tokens are used to play stupid games and win stupid prizes within the little corporate ecosystem. Actually quite an apt metaphor tbh
ohhh… yeah no idea 😄💜
we used to go bowling, jump around in trampoline centres or play rounds lasergun games
It will when they release the micro version. Yes, I forsee mETH being a hit.
So far you’re right, probably will continue to be. I always saw buying eth as a bet on the gullibility/marketability/stupidity, whatever you wanna call it, of the masses. I still would never hold a single gwei at this point.
nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft had a really good thread on twoter about why trading shitcoins to get more sats is no bueno, wonder if he’ll transfer it over here as one big note 👀
WorldCoin except select location lmao 🤣 🤣 you gotta be a new type of stupid to buy into this stuff
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