Worldcoin: Scan Your Eyeball for Sam Altman's "Everything App"? Privacy Nightmare or Future Savior?

Worldcoin's iris-scanning for World ID raises ethical & privacy alarms. Exploitation, biometric data risks, surveillance normalization, and wealth inequality concerns plague the project.

1. Worldcoin isn't primarily about cryptocurrency; it's about establishing a pervasive biometric ID system that extends far beyond crypto enthusiasts, potentially becoming unavoidable.

2. The claim of privacy-preservation is undermined by the inherent nature of biometric data, the questionable handling of "Image Data," and the potential for data breaches, regardless of encryption or local storage claims.

3. The focus on privacy is largely marketing, with misleading claims and trade-offs that sacrifice actual privacy for convenience or algorithm improvement.

4. The project's partnerships with major corporations in dating, finance, and gaming create a dangerous concentration of power and potential for abuse, making it a target for criminals and hostile governments.

5. Universal Basic Income (UBI) association is a misleading marketing tactic, as the project functions more like a "creepy membership card points" system, further concentrating wealth in the hands of the company and investors.