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How stable coins work? (just need confirmation on what I already know)
A few years ago, when I still was a university student, I was at a table with one of my friends at Cafeteria and since he was the blockchain genius among us, I told him that Imagine there was a coin and each single coin was exactly priced at one dollars and he answered Haven't you heard of Tether?.
Since then (6 or 7 years ago) I just got familiar with the concept and now, I am going to get confirmation on my knowledge of Stable Coins. To my understanding, if we build a stable coin it will be like this:
1. We should have a clear determination of what is the collateral of our currency and each unit of our currency is exact equivalent of what unit of that thing. For example Tether or USDC do 1 to 1 ratio. But my coin might be 0.1 gram of gold or a bottle of water, right?
2. Then we should keep track of the collateral's price. For example for a 1 to 1 ratio, if we try to make the thing on TON network (a network which is easy to do the math) and considering today's ton price at 3 dollars, each unit will cost around $0.33 tons.
3. In order to make our own unit, we should mint the amount based on the price of the collateral. Also some of the minted tokens will circulate and basically no new coin will be minted in a lot of cases, right?
And from a technical perspective:
We must have some procedure to mint the token, a procedure to buy the collateral and then adding it to a liquidity pool, right?
Basically it's nothing technically hard, the automation and getting investor's attention is hard.
If you have any other tip on the topic, I'm all ears.
Since then (6 or 7 years ago) I just got familiar with the concept and now, I am going to get confirmation on my knowledge of Stable Coins. To my understanding, if we build a stable coin it will be like this:
1. We should have a clear determination of what is the collateral of our currency and each unit of our currency is exact equivalent of what unit of that thing. For example Tether or USDC do 1 to 1 ratio. But my coin might be 0.1 gram of gold or a bottle of water, right?
2. Then we should keep track of the collateral's price. For example for a 1 to 1 ratio, if we try to make the thing on TON network (a network which is easy to do the math) and considering today's ton price at 3 dollars, each unit will cost around $0.33 tons.
3. In order to make our own unit, we should mint the amount based on the price of the collateral. Also some of the minted tokens will circulate and basically no new coin will be minted in a lot of cases, right?
And from a technical perspective:
We must have some procedure to mint the token, a procedure to buy the collateral and then adding it to a liquidity pool, right?
Basically it's nothing technically hard, the automation and getting investor's attention is hard.
If you have any other tip on the topic, I'm all ears.
This one is interesting. Does anything like this exist already?
3D generation AI exists in both open source and closed source worlds and ironically, my team worked on one (soon to be open sourced) as well. The point is, it is only a generative tool and nothing more. It can be a much better tool if people can use those assets in some sort of game or virtual world.
This is a good idea, and given your background it seems like one that you could pursue. Why not bootstrap over making it a token? You can make it a token though you might be discouraged if people do not pay any attention to it before an MVP, or without marketing (which commonly damages tokenomics of even the best of projects when trying to get marketing teams on board).
This is what I spent the most time on. People visiting Mann-E and our paid models, are begging for free credits. Generating using a free model (to give us the data enough for the knowledge distillation on top of GPT Image or Midjourney) can result in being rewarded. And this is the exact same thing those tap to earn games did. I happened to have a talk with a developer from an Iranian CEX who worked on a similar game and they said they haven't developed/minted the token since they hit a certain threshold on user's activity.
This can be a good plan, and even a new way of verification of the user's activity. We have a platform. The user logs in, generates images and gets rewarded for each image. The reward (aside from in-site credits) can be used to calculate the amount of tokens they win on the air drop. And since this can grab a lot of attention, investors may be interested as well.
This whole process needs another topic where we can discuss Generate to Earn and Proof of Generation as well.
Decentralizing gambling is long overdue. A lot of crypto gambling platforms are still centralized and causes massive issues on this forum (because it's harder to create a decentralized bitcoin game with a user experience as good as a centralized platform). This is a good idea, if the focus is decentralization.
Based on what I've heard about bet platforms from my friends, reddit and messages on this forum, I guess I leave this one behind. Maybe someone else has the audacity to do that.
DAOs already do this. More recent and evolved ones have eliminated a lot of the attack vectors as well. DAOs are progressing how entities are governed.
I am familiar with DAO's, but I couldn't understand how a DAO is formed and how people can join it. I saw a youtube video where the person was explaining it is as easy as creating an NFT and just give special permissions to holders of that particular NFT on Discord or Telegram. And interestingly I found TON Vote while doing research on the topic of decentralized voting systems on TON ecosystem. But still, I don't really have any knowledge on how DAO's work, how to start one or something like that.
These kinds of websites exist, like BitRefill. With RWA (Real-world asset) Tokenization as well, other assets will be available to trade with Bitcoin and crypto in the near future too.
I personally encountered CoinGate and Lasso Finance and both are on ETH ecosystem. They really grabbed my attention, because they made buying Apple gift cards easy for me, they made it easy to charge my fal AI subscription and even get OpenAI premium subscription. Basically this can be a tool of freedom.
Anyway, a new idea sparked in my head, and I have to talk to a friend before just explaining it here
Jokes aside, I'm in the process of making it a well-crafted idea with the help of someone who has the legal knowledge for that kind of business. Not a bad idea to have transactions on-chain...though probably not good to put the images/content of the people making life mistakes (my opinion) by using that platform to begin with.
Well, the only point a crypto based OF has is that it keeps the bank history of two parties (the creator and the consumer) clean of any controversial transaction history.
Generative metaverse is something I have assumed for maybe entire decades, it is why I never worried about graphics and music for games; I always figured one day AI would be able like Star Trek holodecks to illustrate and sound-track text on the fly, not only able to turn any existing novel into a movie with the viewer's own preferences of which director's styles to use or which artist's or sculptor's style to use for people and places and things and what any monster whose appearance they have preferences about looks like and so on and so on and so on.
Hence my tendency to aim at text mode server leaving any illustrating or sound-effects or mood-music or background-music etc to the user's client based on the user's own preferences...
Play to earn of course also being part of the gestalt...
-MarkM-
Hence my tendency to aim at text mode server leaving any illustrating or sound-effects or mood-music or background-music etc to the user's client based on the user's own preferences...
Play to earn of course also being part of the gestalt...
-MarkM-
I'm glad that the idea of generative metaverse was a matter of your interest as well. It really can be a very nice workflow to generate 3D assets and use them to build on top of decentraland or any other similar existing metaverse!
Some people on reddit pointed DePINs, so I also found this (actually one of my colleagues did).
https://golem.network
Seems really promising. I really can be excited to know your opinions about it.
https://golem.network
Seems really promising. I really can be excited to know your opinions about it.
This is my theory and it seems like a conspiracy theory (maybe it is, not sure).
Sam Altman Knowingly started the world project because he knew it will result in bad PR or in better words terrible PR and these silicon valley billionaires are mostly followers of the thought no publicity is bad publicity.
Well it seems like a conspiracy theory in a way as it wouldn't make sense either.Sam Altman Knowingly started the world project because he knew it will result in bad PR or in better words terrible PR and these silicon valley billionaires are mostly followers of the thought no publicity is bad publicity.
It's not the failed part of this that created brand awareness. It was the promise of tokens that created the hype, which has fallen with the price of those tokens.
Sam Altman has good publicity already as head of OpenAI, and being in the center of hype, why he would intentionally create something that he knows to be a failure? It doesn't create any controversy people would be talking about (which is the point of "any publicity is good publicity"). The fact that some people give their personal data away for money isn't a controversy, it's just about rich man exploiting poor people.
He didn't benefit from this. For people following, he just looks like a chump now and therefore people will think twice, to fund something designed by him in the future.
Well, OpenAI is cool and made the good publicity of course. And they also used it to collect lots of data (remember how that GPT Image model of theirs turned everything into anime?) so a better phrasing of my supposed conspiracy theory could be a mindset. Sam could collect a lot of data in many different forms through ChatGPT (PDFs people upload and ask, images from calories counting apps, images people want to edit, etc.) and the mindset is once we collected the data we can expand it to more sensitive data.
The mindset is not wrong though. But a PDF containing nonsense about my startup idea is not really a form of data causing concerns in me, an excel file containing menu of a local café is the same, not really a concerning matter and OpenAI (and all other companies in the space) can use that data to enhance their models on different data formats.
The concerning data is the biometric data, government issued IDs or similar stuff. I use my fingerprint to unlock my personal laptop. I am a little bit concerned because this laptop is connected to the internet and also shares a lot of data through my Apple ID with Apple. I hope I could have explained what was in my mind in best way possible.
That will be an absolute hit if they're goig to pay with WLD worth of $1k for all of the scans that they will do. And I will even think about it if I'm going to do that or not but most likely, no. What they're paying currently isn't a lot and people who are desperate doing it probably don't have any money left and that's why they've done it. They are the people that have no choice at all and they're in need, and so after receiving the WLD rewards, they've dumped it asap for them to use the money however they want it to be and for any use they can.
I can understand how desperate people can get over not having money and do anything for that. I witnessed a Telegram group dedicated to people who got around $0.05 for solving CAPTCHAs. Honestly I guess that is a better way of making money for two obvious reasons. First, that is not putting you in danger of identity theft and second, most of those people are automating CAPTCHA solving so they can reach $10-$15 a day which can be a good number in some of those bad economies.
And in my searches, I only found that only the hardware part of their scanner devices are open sourced. The software is closed source and we do not know how they're processing retina scans.
World Coin’s idea is interesting, but scanning people’s eyes feels risky. Who owns the eye data? What if it gets used in bad ways?
Also, why do the people who scan get rewards, but not the people scanned? That doesn’t seem fair.
I think it needs more clear rules to protect people’s privacy.
Also, why do the people who scan get rewards, but not the people scanned? That doesn’t seem fair.
I think it needs more clear rules to protect people’s privacy.
Yeah, these are my points. You hit the bullseye.
Worldcoin is owned by the CEO of OpenAI, Sam Altman. The idea is very unique but the idea of retina scam draws a lot of controversies. Also the world citizenship was not possible either.
https://time.com/6300522/worldcoin-sam-altman/
I don't think it is a very active project right now. I don't see much traction out there for Worldcoin. I may be wrong though! But I honestly don't think it will come back life ever again from its current state.
Because why would it get traction? Their iris collection violates GDPR and that alone kills the whole idea. They didn't thought the privacy issues trough and i am amazed that it went anywhere from the design phase.https://time.com/6300522/worldcoin-sam-altman/
I don't think it is a very active project right now. I don't see much traction out there for Worldcoin. I may be wrong though! But I honestly don't think it will come back life ever again from its current state.
I honestly don't even think that idea was unique. They just thought it would be unique because it's never been done. And only reason it's never been done because it's a horrible idea. If a government would want that data, people would be outraged, but those people would give that same data to private company for money? And i am sure that Sam Altman had a think tank and paid lawyers to look everything trough before launch. So how bad were these paid lawyers and why an earth anyone thought this was a good idea? Maybe this went trough just because of greed?
This is my theory and it seems like a conspiracy theory (maybe it is, not sure).
Sam Altman Knowingly started the world project because he knew it will result in bad PR or in better words terrible PR and these silicon valley billionaires are mostly followers of the thought no publicity is bad publicity.
Also there are publicly available Iris datasets (from medical centers or government offices which used Iris scan as a form of biometric authentication) and what happens if World Coin, specially being backed by Sam Altman (who has a history of using copyrighted material for OpenAI's model training) uses those and those people don't benefit from that?
These are my thoughts or questions. I am really curious to here about your thoughts on this.
We've seen in futuristic movies how the characters are using their iris to access platforms and portals, so we can conclude that our iris is part of our unique identity, just like our thumbmark, so we are practically selling our identity, so this is the reason why this is ban on many countries. Now they are doing this to third world country where they can easily bribe people in exchange for iris scan.
Cryptocurrency should be about decentralization, and this World Coin is violating it.
Well it's not that futuristic. We currently have iris based authentication but since the tech is expensive, it's not widely used (like the face scan or fingerprint). Each person's iris has a unique cellular structure and this is what they're supposedly turning to code.
Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.
Agreed. Or at least they have to do it in a way people think it's worth it. I don't know, maybe paying $1000 to each participant? I can understand how desperate people can get over not having money and do anything for that. I witnessed a Telegram group dedicated to people who got around $0.05 for solving CAPTCHAs. Honestly I guess that is a better way of making money for two obvious reasons. First, that is not putting you in danger of identity theft and second, most of those people are automating CAPTCHA solving so they can reach $10-$15 a day which can be a good number in some of those bad economies.
I posted exact same thing on r/web3 as well. It was a little surprising for me how that Generate to Earn concept became popular and after that, the voting system was something people really liked.
What are your opinions?
What are your opinions?
Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.
Agreed. Or at least they have to do it in a way people think it's worth it. I don't know, maybe paying $1000 to each participant?
Don’t like it & there’s zero chance I ever willingly allow anybody to use a scan of my retina for who even knows what. I mean everybody has a price but nobody is going to give me what I’d accept for such an invasion of my privacy. There are so many options in crypto to try & make money, you don’t need to stoop as low as WLD to do it.
To risky to try and 25 WLD which value $50 at that time is not really worth it. Since imagine the risk would come to you in future especially that there's good chance that they would sell those data collected to people who scan or give their identity to them.
I'd rather protect my privacy rather than accepting few bucks then get worried about what will happen in future.
Also we don't know if they going to last for long or if they continue to protect and won't do anything something illegal on those data's they have.
I understand somehow that poverty is really hard but I think its not really worth it to risk something just to get few bucks on their project.
Coming from a bad economy I am telling you. $50 could be at best one month's worth of cheap groceries. I mean I know there are people who may accept this amount to get their groceries or other basic needs but it still doesn't seem very worthy in my eyes.
Personally, this token is so centralized as it was created by Sam Altman.
In terms of the purpose of the token, I really support it since the token is supporting a variety of people for basic income.
However, if you approach WLD token for investment purpose, daily emission of the token is too much, you would likely lose your investment in the long term.
In terms of the purpose of the token, I really support it since the token is supporting a variety of people for basic income.
However, if you approach WLD token for investment purpose, daily emission of the token is too much, you would likely lose your investment in the long term.
About centralization I have to say yes. It is centralized. I never have seen they emphasize on decentralization of the token or project. Which is somehow fine (I guess it wouldn't be the only centralized token in the market). But for investment, you are totally right. There are tons of better options.
I'm from a 3rd world country myself. I can't see any good reason in doing that procedure to get WLD and this is while I spent a lot of time on Hamster Kombat! I personally prefer TON ecosystem's way of "easy" money making.
Knowing that poverty rates are really high, especially in 3rd world countries, I can't blame the people who will claim the WLD for the extra money.
Well based on Hamster Gold Rush here in my country, I can agree. I personally automated the whole process of Hamster on multiple Telegram accounts and final money I got was around $6. It still wasn't worth it.
A few weeks ago, I explained that how I have lost my faith in Web 3.0 but in the time after making that topic, I just reviewed all of my ideas (I have a habit of writing my ideas in a notebook) and I tried to relate some of them to web 3. Most of the ideas I mention may have been existed before, but hey this is one man's ideas!
Before we start
If you like working on any of these ideas and you think you can help as a co-founder, feel free to DM me. I check this website almost everyday and read new topics. So I may spend a few more minutes to read and answer DMs as well!
A little bit of my background
Although I have introduced myself before, I have to say this May I became 30 and I have experience of coding in different languages since the age of 12. At the age of 15, I made my very first app and sold it to a local real estate agency (it was just a sales management system written in Delphi and used Access as database!).
Anyway, in March of 2023, I founded Mann-E which is an AI image generation platform. Since the day I launched Mann-E, there were suggestions for making it a web 3 based company but I never could find a good way to connect my business to web 3.
In this topic, I have ideas for a bunch of new company or startup ideas which can be easily integrated with web 3 (at least in my opinion) and I really need your thoughts on the topics as well.
Now, let's go and review the ideas.
Idea 1: Generative Metaverse
In my AI journey, I have came across some models for turning text prompt or image prompts into 3D files (mostly GLB files). So a place where people can get their hands on a piece of virtual land and design their monuments or houses with AI can be a cool idea.
Idea 2: Generate to Earn system
Okay, this is directly inspired by projects such as tapswap and Hamster Kombat but instead of making you busy with a Telegram mini app, you'll be busy by a website where you are generating images and by doing each generation you'll be rewarded. This idea came to my mind because in the whole path of my business of generative AI, I had struggles finding good data (mostly prompts to feed to different AI systems such as midjourney to generate a synthetic set of data). This way, you are providing the data for future AI systems and get a reward in form of a token.
But there is a problem here, who will invest on this idea? for example in previous idea, people may pay for 3D generation or may pay for the virtual land. How can we provide liquidity for the token proposed by this one? Community? Those "Blockchain Grant" systems? what? I really want to know this.
Idea 3: Bet on Sports Matches
I guess the whole game of bet/gamble in crypto space is much older than what I can think of. However, it was an idea in my mind.
Idea 4: Voting System
It can be a fraud-proof voting system with little to no cost compared to traditional voting systems in organizations of syndications. For examples Association of Digital Businesses in my country had an election and they had to rent a whole hotel for 3 days in order to host all people to vote on candidates from different cities/provinces. If a voting system exists, they just pay a small fee for creating a new vote and the whole voting thing will be done on the chain with zero chance of vote fraud.
Idea 5: A crypto bank where people can turn their crypto assets into real world assets
I see websites similar to this before, but the idea is cool. Imagine you buy iTunes gift cards or any other similar goods with your crypto assets!
Idea 6: OF but on chain
It seems controversial of course. But imagine a lot of people do not want a history of selling and buying that type of content in their credit card history. So why not making something on chain in order to help people have a safer place to buy and sell this type of content? Obviously it is more complex than it seems but this is the idea!
What do you think about these 6 ideas? I tried to sort them from the safest to the craziest. I also am waiting for your input on this as well.
Before we start
If you like working on any of these ideas and you think you can help as a co-founder, feel free to DM me. I check this website almost everyday and read new topics. So I may spend a few more minutes to read and answer DMs as well!
A little bit of my background
Although I have introduced myself before, I have to say this May I became 30 and I have experience of coding in different languages since the age of 12. At the age of 15, I made my very first app and sold it to a local real estate agency (it was just a sales management system written in Delphi and used Access as database!).
Anyway, in March of 2023, I founded Mann-E which is an AI image generation platform. Since the day I launched Mann-E, there were suggestions for making it a web 3 based company but I never could find a good way to connect my business to web 3.
In this topic, I have ideas for a bunch of new company or startup ideas which can be easily integrated with web 3 (at least in my opinion) and I really need your thoughts on the topics as well.
Now, let's go and review the ideas.
Idea 1: Generative Metaverse
In my AI journey, I have came across some models for turning text prompt or image prompts into 3D files (mostly GLB files). So a place where people can get their hands on a piece of virtual land and design their monuments or houses with AI can be a cool idea.
Idea 2: Generate to Earn system
Okay, this is directly inspired by projects such as tapswap and Hamster Kombat but instead of making you busy with a Telegram mini app, you'll be busy by a website where you are generating images and by doing each generation you'll be rewarded. This idea came to my mind because in the whole path of my business of generative AI, I had struggles finding good data (mostly prompts to feed to different AI systems such as midjourney to generate a synthetic set of data). This way, you are providing the data for future AI systems and get a reward in form of a token.
But there is a problem here, who will invest on this idea? for example in previous idea, people may pay for 3D generation or may pay for the virtual land. How can we provide liquidity for the token proposed by this one? Community? Those "Blockchain Grant" systems? what? I really want to know this.
Idea 3: Bet on Sports Matches
I guess the whole game of bet/gamble in crypto space is much older than what I can think of. However, it was an idea in my mind.
Idea 4: Voting System
It can be a fraud-proof voting system with little to no cost compared to traditional voting systems in organizations of syndications. For examples Association of Digital Businesses in my country had an election and they had to rent a whole hotel for 3 days in order to host all people to vote on candidates from different cities/provinces. If a voting system exists, they just pay a small fee for creating a new vote and the whole voting thing will be done on the chain with zero chance of vote fraud.
Idea 5: A crypto bank where people can turn their crypto assets into real world assets
I see websites similar to this before, but the idea is cool. Imagine you buy iTunes gift cards or any other similar goods with your crypto assets!
Idea 6: OF but on chain
It seems controversial of course. But imagine a lot of people do not want a history of selling and buying that type of content in their credit card history. So why not making something on chain in order to help people have a safer place to buy and sell this type of content? Obviously it is more complex than it seems but this is the idea!
What do you think about these 6 ideas? I tried to sort them from the safest to the craziest. I also am waiting for your input on this as well.
The reason people are still doing world coin thing is because the project is owned by sam altman, same owner of open ai so they thought they get free money and their data gonna be secure.
As of 2023 they got 4.5 million people signed up to the project and got their irises scanned, the number may have increased significantly by now.
As of 2023 they got 4.5 million people signed up to the project and got their irises scanned, the number may have increased significantly by now.
Seems interesting, because even now OpenAI caused controversies of using copyrighted material for training GPT models. So how secure my biometric data would be?
Bullish on World App, bearish on WorldCoin.
WLD simply has a lot of supply overhang that's yet to be claimed by people, so I expect it to still have a good amount of sell pressure in the near to mid-term future, especially from our 3rd-world-country folks.
WLD simply has a lot of supply overhang that's yet to be claimed by people, so I expect it to still have a good amount of sell pressure in the near to mid-term future, especially from our 3rd-world-country folks.
I'm from a 3rd world country myself. I can't see any good reason in doing that procedure to get WLD and this is while I spent a lot of time on Hamster Kombat! I personally prefer TON ecosystem's way of "easy" money making.
Worldcoin is owned by the CEO of OpenAI, Sam Altman. The idea is very unique but the idea of retina scam draws a lot of controversies. Also the world citizenship was not possible either.
https://time.com/6300522/worldcoin-sam-altman/
I don't think it is a very active project right now. I don't see much traction out there for Worldcoin. I may be wrong though! But I honestly don't think it will come back life ever again from its current state.
https://time.com/6300522/worldcoin-sam-altman/
I don't think it is a very active project right now. I don't see much traction out there for Worldcoin. I may be wrong though! But I honestly don't think it will come back life ever again from its current state.
It doesn't seem active that much but for some reason most of my youtube feed is about the project (a paid promotion maybe?) so it grabbed my attention.
No matter what, no way many people did this stuff for any amount of money.
That's just insane to what degree some can go, it sounds outright dystopian, as it was outlined already.
That's just insane to what degree some can go, it sounds outright dystopian, as it was outlined already.
Exactly. Although they said that participants are rewarded in unidentified stable coins which can be USDT/USDC. But how much?
Its the person that will get a reward for having their eyes scanned by the Orb. WLD coin uses that proof of identity mechanism which having your iris scan means you are a real person and you get WLD.
All they did is just scanning eyes actually , there is nothing to this project but all been doing is airdropping WLD to people willing to get their eyes scanned. It gets scary when you think of AIs today and what AIs can do to the iris identity they have.
They call it proof of personhood. I guess proof of identity has been done before (it somehow decreases the decentralization aspect). But the AI part, agreed. There could be a lot of possible identity theft.
Don't really like the idea where you exchange your retina scan for small money.
Apparently as i've heard since I've confirmed nothing, they are scanning eye in exchange for WLD which you can sell for money.
If you think about it, it does feels like dystopian straight from black mirror lol, wonder why people are still doing it.
Apparently as i've heard since I've confirmed nothing, they are scanning eye in exchange for WLD which you can sell for money.
If you think about it, it does feels like dystopian straight from black mirror lol, wonder why people are still doing it.
I did a little bit of research on the price of $WLD and it's roughly $1.2 for each token. Apparently even in the poorest corners of the world, the people who receive the token may hold it for a bigger event or a bigger price outburst. So it's totally worthless to exchange your biometric data with just $1.2 coins!
Long -term thinking, if one day the veryification tool besides fingerprints for modern and one of the most correct alternatives as a sign of a unique retina of the retina then they (WLD developers) have so much data about you, then you will be very easy to find/use by those who are not responsible, this has a long -term risk in my opinion and it is very dangerous if our data is in the wrong place.
In my country, I finally triggered the attention of the government to stop the eye scans carried out by these project developers, although basically the people who did it in rewards as their rewards but this triggered concerns in the future, and the fact is that most of them take community data without the permission of the government.
In my country, I finally triggered the attention of the government to stop the eye scans carried out by these project developers, although basically the people who did it in rewards as their rewards but this triggered concerns in the future, and the fact is that most of them take community data without the permission of the government.
Well, this is correct. I saw how many people are really concerned about when the projects reaches to China or Russia and how those governments may force the project developers to give up the data. Although they may go the Telegram way. Just resist giving up data and face bans by the governments and suddenly become the most used app with help of VPNs (this is what happened to Telegram in Iran). But the question is, does Sam Altman have the balls to do the same or he signs up for potential billions of dollars market of PRC or Russia?
Simplir, they are not aware that their data can be used for crime in the future, they only see short -term benefits without being able to see long -term risks.
The biggest crime ever could be identity theft. At least this is my opinion.
I was just researching this project, I found this is not new (of course I heard about it here) and in first glance, it seemed like some dystopian concept straight from an episode of black mirror, and in depth it seems like a cool concept of world citizenship.
However, I couldn't understand the project completely. There are weird devices which are scanning people's eyes to get a map of Iris (since it is also like the fingerprint and unique to people) and the scanner is being rewarded? So what will happen to the scanned person? Won't they be rewarded? It may seem hard to handle but there might be a solution to that.
Also there are publicly available Iris datasets (from medical centers or government offices which used Iris scan as a form of biometric authentication) and what happens if World Coin, specially being backed by Sam Altman (who has a history of using copyrighted material for OpenAI's model training) uses those and those people don't benefit from that?
These are my thoughts or questions. I am really curious to here about your thoughts on this.
However, I couldn't understand the project completely. There are weird devices which are scanning people's eyes to get a map of Iris (since it is also like the fingerprint and unique to people) and the scanner is being rewarded? So what will happen to the scanned person? Won't they be rewarded? It may seem hard to handle but there might be a solution to that.
Also there are publicly available Iris datasets (from medical centers or government offices which used Iris scan as a form of biometric authentication) and what happens if World Coin, specially being backed by Sam Altman (who has a history of using copyrighted material for OpenAI's model training) uses those and those people don't benefit from that?
These are my thoughts or questions. I am really curious to here about your thoughts on this.
Recently, I decided to design a system to let me and my friends connect each others computers (with Ollama installed) to a network and somehow make a big AI computer. It is currently on its infant states but I guess if you take a look, you may provide some help or ideas for better implementation of the idea:
https://github.com/prp-e/ProximaNetwork
I'd be thankful to hear back from you guys.
https://github.com/prp-e/ProximaNetwork
I'd be thankful to hear back from you guys.
You don't need to have close friends in this industry just to move on or keep going. If you can't find one then you have to find near your local if there are people that shares the same interest as you. Because if that's what has stopped you, then it's also fine and people have to respect that decision for yourself.
Having friends in the local scene is really helping. I'm not denying the fact that if you do something, you can find people who share the same interests as you. I guess I didn't try enough in order to find people (yes, your post actually made me rethink my process).
Recently I'm looking for local developers who worked on different blockchain projects. This is going to be something I believe.