Hey guys, welcome to the Dollar Party! In this article, we will explore the Word Coin project and its controversial practice of scanning iris for money.
Recently, the Word Coin project, co-founded by Sam Altman, has gained popularity. It involves scanning your iris on a customized scanner to receive monetary rewards. While some argue that this could lead to significant privacy issues, others believe that in this age of information privacy, scanning irises is no big deal.
The Word Coin project is not as simple as it seems. It aims to establish a connection between AI and Woodcoin, possibly realizing Universal Basic Income (UBI) through AI revenues in the future.
To obtain a Word ID and participate in the project, users need to download the app and scan their iris on a customized scanner at a physical store. The scanned iris data is then used to collect Word Coin tokens, which can be exchanged for money.
The project has faced criticism regarding the safety of iris scanning. The official explanation is that only a hash calculated from the collected information is uploaded, ensuring the privacy of the original data. However, concerns remain about the potential misuse of iris information.
Despite the controversy, the Word Coin project has a strong backing from AI-related technology. It has the potential to bridge the gap between web2 and web3, introducing more users to the possibilities of decentralized technologies.
In conclusion, the Word Coin project offers an intriguing concept of scanning iris for money. While privacy concerns exist, it also presents an opportunity to explore the intersection of AI and decentralized technologies. As with any emerging technology, it is important to think independently and consider the potential risks and benefits.
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