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by nonameiguess 1051 days ago
Does it? What prevents a factory owner from having all of his employees grab an orb, scan their irises, claim their coin, and then hand over their wallets to him as a condition of employment?

Assuming this thing actually works and won't accept irises grown in a vat or someone scanning a chimpanzee, it at least rate-limits you to creating new wallets with new coin at the rate at which you can find and coerce other humans, but it doesn't actually guarantee the 1:1 mapping of wallet:human or an equal initial distribution of coin.

All it's doing is shifting the balance of power from people who command many machines to people who command many other people. It's like reverting industrialism back to feudalism, a digital replay of the same mistake made by every communist revolution of the 20th century.

1 comments

I said and I meant "more fair". We both agree this will not be a perfectly fair airdrop. Anything not perfect is feudalism?

> What prevents a factory owner from having all of his employees grab an orb, scan their irises, claim their coin, and then hand over their wallets to him as a condition of employment?

The airdrop is gated in multiple places. Everybody needs to visit an orb to claim worldcoin but the set of active orbs is managed by worldcoin and when one of them acts suspiciously the orb can be deactivated, among other counter-measures. A set of wallets all owned by distinct people will act differently than a set of wallets controlled by one person.

This is obviously not perfect, some fraud will occur. It is still a more fair initial distribution than any other currency I know of.