Helpful miscellaneous articles
regarding our retirement plan and planning.
Like you, I review my retirement nestegg and plan from time to
time. Recently, I went though some continued
education for some credentials I maintain and it occurred to me that we all
could use a review about these issues.
So with your help, we will share and post articles and info that may be
helpful and of interest to many of you in this section.
A
new cryptocurrency called worldcoin wants to scan 1 billion people's iris by
2023 to speed up digital currency adoption
Oct 23, 2021, 12:51 PM EDT
Worldcoin's orb in Chile. Worldcoin
·
A
new crypto is aiming to fast-track mass digital asset adoption. To achieve
this, the team behind it wants to scan people's iris.
·
Worldcoin
has scanned more than 100,000 people from different countries through a device
called the Orb.
·
It
was founded by Sam Altman, Alex Blania, and Max Novendstern — and is currently
valued at $1 billion.
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The team behind a new cryptocurrency is aiming to
fast-track mass digital-asset adoption — and to achieve this, they want to scan
people's iris. One billion by 2023 to be exact.
Worldcoin, which came out of stealth this past week, will give its cryptocurrency to each person who signs up. So far, it has scanned more than 100,000 people from around the world through a new device called the Orb. The coin will go live in the first quarter of 2022.
The spherical, silver hardware — about the size of a basketball — captures an image of a person's eyes to determine whether the person is real and whether that person has already signed up in the past.
The new digital asset — founded by the former head of Y Combinator Sam Altman, along with Alex Blania and Max Novendstern — has raised $25 million to date and is currently valued at $1 billion.
Institutional investors include Andreesen Horowitz, Coinbase Ventures, CoinFund, while angel investors include LinkedIn co-founder Reid Hoffman and FTX founder Sam Bankman-Fried.
"We try to get crypto to mass adoption really, really quickly, and we have a very clear answer how to get there," Blania told Insider. "And it seems to work really well."
Worldcoin founders Alex Blania and Sam Altman Marc Olivier Le Blanc/Worldcoin
The
iris scan
The team chose to scan the iris because it
contains far more information than, for instance, a fingerprint, Blania
explained. An age limit of 16 or 18 applies depending on the jurisdiction.
Currently, there are over 30 Orbs in 12 countries across four continents.
Once the iris is scanned, a unique code can be used for claiming free digital tokens, which will be distributed via a wallet app generated by the Orb.
The team plans to ramp up production to distribute over 4,000 Orbs per month or 50,000 per year. The team licenses the Orbs, which were designed by former Apple employee Thomas Meyerhoffer, to contractors across the globe who go through rigorous interviews and verifications.
Each Orb, according to Blania, is operating "at capacity." The team has yet to deploy Orbs in the US, citing regulatory uncertainty on digital assets.
And contrary to first impressions, he insisted the company won't get anything in return for an iris scan, he said. Once the Orb scans both eyes, it will convert the iris image into a numeric code, which will then be deleted to protect the person's privacy.
"It's not an exchange," he said. "You just verify that you have not shown up before and that's a very different thing. We don't want to know your name. We don't want to see your passport."
The
new crypto
Traders who want to buy the crypto when it
launches on the ethereum blockchain can do so even without having their iris
scanned, Blania said. They will just not get their free share of the
currency.
How much people will receive is still undecided. But the amount will range from $20 to $100, depending on when they sign up, Blania told Insider. "The earlier they come, the more they will receive."
Worldcoin plans to have a fixed supply of 10 billion tokens, with 80% allocated to users, 10% to investors, and 10% to manufacturers, operators, and developers of the Orbs and the network.
"The numbers we see, and the excitement we see off the users we work with and we verify [are] extremely exciting," Blania said.
+++++
A Contrarian View in this article on World Coin
Worldcoin CEO: Global digital currency tied to
global digital ID will soon be required 'whether you like it or not'
This is no longer talked about in futuristic terms; it's a
current reality that will soon be forced on all of humanity
JUL 20, 2023
I’ve been saying for nearly three years now that the beast
system is based on the world’s people accepting two technological components
offered up by the Luciferian globalist elites: A globally recognized digital ID
to replace the cards in your wallet and a globally recognized digital money to
replace the cash in your wallet. The two together will comprise the foundation
of the punitive global beast system.
In a hat tip to Slay News, we learned the following today:
The CEO of Worldcoin has warned that a global digital ID system
will be ushered in for citizens around the world whether they “like it or not.”
Worldcoin has developed a system that it pitches as “the world’s largest identity
and financial public network.”
Essentially, the company has created a database that links
digital cash, or Central Bank Digital Currencies (CBDCs), with a digital
identity system.
The company has created its own form of digital money called the
Worldcoin token (WLD).
Linked to WLD is another of Worldcoin’s products – World ID.
World ID is a digital identity system that collects biometric
data for individuals and holds it in a database that links to WLD transactions.
WLD and World ID are connected and accessed via the company’s
World App.
When it’s all in place and no longer “voluntary,” these
technologies will be used to create and enforce 15-minute cities, says
Christine Anderson, a member of the E.U. Parliament from Germany. Watch here as Anderson describes how it will work.
World App is “an app that enables payment, purchases, and
transfers globally using digital assets and traditional currencies,” according
to Worldcoin.
People who voluntarily surrender their biometric data receive
“small sums” in Worldcoin’s tokens in return for signing up for the World ID
scheme.
Worldcoin is co-founded by Sam Altman, the head of the company
Open AI, which is behind the AI-powered chatbot ChapGPT.
According to Worldcoin’s executives, World ID, or “something
like” it, will soon be mandatory for anyone who wishes to partake in the
day-to-day functions of society.
World ID uses iris scanners that require a person to have their
eyeballs scanned to prove their identity.
And while that idea may sound like a dystopian nightmare to
some, people in several southern European countries, notably Spain and
Portugal, can’t wait to give away their iris biometrics as proof of identity
and the right to use a cryptocurrency transfer system.
The signup process involves exposing your eyeballs to what’s
known as Worldcoin’s Orb iris scanners.
More than 150,000 participants have reportedly already signed up
in Spain over the last year. That’s 20,000 new sign-ups per day. Portugal
already has 120,000 signed up.
Plans are already in place to install a number of Orb scanners
in Barcelona with more cities to follow.
Three years ago, in July 2020, the website Emerging Europe reported on the trend toward iris
scans as the payment system of the future. Now the future is here and Worldcoin
is not the only outfit playing in this space. A Polish firm called PayEye is
also involved, among others.
Who owns Worldcoin, you ask? Its website says “Worldcoin is
a decentralized open source protocol supported by a global community of
developers, economists and technologists committed to expanding participation
in, and access to, the global digital economy. It is intended to become a
public network, with ownership by everyone.”
Yeah, right.
(As with any of these informative articles,
anyone who needs someone to talk to about
this
very subject contact me and I can direct you to a knowledgeable advisor).
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