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by notfried 1116 days ago
What I find even more dystopian is that there's already a black market for those digital eyeball credentials:

> Meanwhile, a black market emerged on Chinese social media and ecommerce sites. Sellers were offering KYC verifications for the World App, which offers wallet and ID services. The credentials often come from developing countries like Cambodia and Kenya, according to social media posts. [1]

[1] https://www.coindesk.com/policy/2023/05/24/black-market-for-...

3 comments

Just a reminder that biometric data (like iris or fingerprint scans) are "usernames", not passwords. If a site's password database is leaked, you can change your password. If a site's iris scan database is leaked, you're out of luck.
I think eventually we’ll have to move to a model where the government issues you private keys via a notary-like biometric verification process. Even if someone steals your biometrics, they can’t fake them to an in-person notary. Rotate your keys by visiting another notary.
I'm sure a16z invested in them. I don't even need to check.
Why, that's not a dystopian hellscape at all! /s
I actually think it’s better than the current situation where the state can freeze your ability to transact at any time.
Only cash avoids an intermediary that can lock you out.