Index Investing News
Wednesday, August 27, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Could Worldcoin Solve Bot Problem? Buterin Explores

by Index Investing News
July 24, 2023
in Cryptocurrency
Reading Time: 4 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Share this article

Sam Altman launched Worldcoin on July 24, triggering a multitude of responses across the cryptocurrency sphere and Silicon Valley.

Despite differing views, the project maintains its objective to address online identity authentication and income inequality, as well as the concept of proof-of-personhood and the system’s potential implications on digital identity.

Ethereum co-founder, Vitalik Buterin, has shared an extensive essay on Twitter, commenting on the recent launch of Worldcoin’s ecosystem token.

What do I think about biometric proof of personhood?https://t.co/yozo1buW24

— vitalik.eth (@VitalikButerin) July 24, 2023

Outlined the premise of Worldcoin and similar initiatives such as Proof of Humanity, BrightID, Idenam and Circles, which are bracing for a new era, Buterin explained that distinguishing between humans and AI-powered bots may become challenging. He asserted the necessity of digital “proof of personhood” in solving issues related to spam and concentration of power:

“In other words, if you’re a human, you can put one key on the list, but you can’t put two keys on the list, and if you’re a bot you can’t put any keys on the list.”

Furthermore, Buterin addressed four critical challenges such systems face: privacy, accessibility, centralization within the Worldcoin Foundation and security. While some can be solved with new technological advancements, “others seem to be fundamental limitations.”

His perspective was endorsed by Steve Dakh, a developer working with Ethereum Attestation Service (EAS), who highlighted the potential complementarity of systems like Worldcoin with EAS.

Meanwhile, others have been calling Worldcoin “dystopian” since its initial launch in 2021.

tying ID to biometrics seems to make sense to prevent sybil attacking a system on first glance

but biometrics as the basis for security is actually *terrible* because the keys can’t be rotated once compromise or deanonymized

you can’t reset your iris, fingerprint, or DNA

— Alex Thorn (@intangiblecoins) July 23, 2023

Buterin emphasized that an “ideal form of proof of personhood” has yet to be found. Potential solutions emerging could come from a blend of various approaches, which stress the need for community accountability, third-party audits and checks:

“Rather, I would favor a moderate approach, where we vigorously advocate for proof-of-personhood solutions to have strong privacy, potentially if desired even include a “N accounts for $N²” mechanism at protocol layer, and create something that has privacy-friendly values andhas a chance of getting accepted by the outside world.”

There is an importance of digital human verification in decentralized governance so that such systems guard against domination by wealthy actors or antagonistic governments. He expressed that projects like Worldcoin could help decentralize power while minimizing information disclosure:

“Many services would only be able to prevent denial-of-service attacks by setting a price for access, and sometimes a price high enough to keep out attackers is also too high for many lower-income legitimate users.”

Despite the present concerns, Buterin recognized there is no current “ideal” form of proof of personhood. He sees the potential for a fusion of different approaches to the issue. Community accountability, audits and checks are central to this process, Buterin explained. However:

“Not having any proof-of-personhood at all has its risks too: a world with no proof-of-personhood seems more likely to be a world dominated by centralized identity solutions, money, small closed communities, or some combination of all three.”

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.





Source link

Tags: BotButerinExploresproblemsolveWorldcoin
ShareTweetShareShare
Previous Post

Wages, Benefits, and Opportunity Cost

Next Post

Look at free cash flow when evaluating AI companies – Citi

Related Posts

BitX Mining V2 AI: Revolutionizing Bitcoin Mining in Turkey and Iran

BitX Mining V2 AI: Revolutionizing Bitcoin Mining in Turkey and Iran

by Index Investing News
August 27, 2025
0

The cryptocurrency mining landscape in Turkey and Iran is undergoing a significant transformation, driven by innovative technologies like BitX Mining...

Dogecoin Crash Incoming? Analyst Warns Bulls Are Out Of Time

Dogecoin Crash Incoming? Analyst Warns Bulls Are Out Of Time

by Index Investing News
August 27, 2025
0

Cause to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by business specialists and meticulously reviewed...

Kraken Meets SEC Crypto Taskforce to Push for Readability on Tokenized Property

Kraken Meets SEC Crypto Taskforce to Push for Readability on Tokenized Property

by Index Investing News
August 26, 2025
0

Representatives of the crypto change Kraken not too long ago met with the SEC’s Crypto Activity Pressure to debate its...

Kraken Seeks SEC Blessing for twenty-four/7 Tokenized Inventory Buying and selling Platform

Kraken Seeks SEC Blessing for twenty-four/7 Tokenized Inventory Buying and selling Platform

by Index Investing News
August 27, 2025
0

Govt Interview with Andres Jimenez from Swiset | iFX EXPO Worldwide 2025 Govt Interview with Andres Jimenez from Swiset |...

Ethereum Is Inches from Historical past. Ethereum is within the information as soon as extra. | by Dipanshu Chaudhry | The Capital | Aug, 2025

Ethereum Is Inches from Historical past. Ethereum is within the information as soon as extra. | by Dipanshu Chaudhry | The Capital | Aug, 2025

by Index Investing News
August 27, 2025
0

Ethereum is within the information as soon as extra.At roughly $4,878 — simply $100 beneath its peak from November 2021...

Next Post
Look at free cash flow when evaluating AI companies – Citi

Look at free cash flow when evaluating AI companies - Citi

Tesla to resume factory talks and plans for k car with India commerce minister By Investing.com

Tesla to resume factory talks and plans for $24k car with India commerce minister By Investing.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Economic Freedom and Virtue are Correlated

Economic Freedom and Virtue are Correlated

August 30, 2023
Infineon: Improved Fundamentals and IoT Growth Make It A Buy (OTCMKTS:IFNNF)

Infineon: Improved Fundamentals and IoT Growth Make It A Buy (OTCMKTS:IFNNF)

September 26, 2023
A Paris Apartment That Mixes Contemporary Art and Design

A Paris Apartment That Mixes Contemporary Art and Design

July 25, 2023
Bitcoin Is Predicted to Surge to 0,000+

Bitcoin Is Predicted to Surge to $100,000+

March 19, 2024
ProPhase Labs Continues To Make Right Moves – Reiterate Strong Buy (NASDAQ:PRPH)

ProPhase Labs Continues To Make Right Moves – Reiterate Strong Buy (NASDAQ:PRPH)

June 11, 2023
Fred Armisen asks .5 million for hip Los Feliz home

Fred Armisen asks $3.5 million for hip Los Feliz home

October 20, 2022
Donald Trump Being Threatened By Intercourse Offender, Leads To Manhunt – Hollywood Life

Donald Trump Being Threatened By Intercourse Offender, Leads To Manhunt – Hollywood Life

August 23, 2024
Cell Gaming Firm, BoomBit, Brings 33M Customers to New Supernet-Based mostly Web3 Gaming Platform, BoomLand

Cell Gaming Firm, BoomBit, Brings 33M Customers to New Supernet-Based mostly Web3 Gaming Platform, BoomLand

June 2, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In