Fun

News Feed - 2023-07-24 09:07:14

Savannah Fortis11 hours agoWorldcoin token launch sparks response from Vitalik ButerinThe Ethereum co-founder released a long-form response to the launch of Worldcoin’s decentralized human identity verification system.15069 Total views24 Total sharesListen to article 0:00NewsJoin us on social networksVitalik Buterin, the co-founder of the Ethereum network, released a long-form essay with his thoughts on the recently launched Worldcoin human identity verification system.


On July 24th, Buterin tweeted his response to Worldcoin which launched on the same day.What do I think about biometric proof of personhood?https://t.co/yozo1buW24— vitalik.eth (@VitalikButerin) July 24, 2023


In his article, along with an explanation of Worldcoin and how it intends to work, Buterin addressed the larger concept in discussion within the release of the Worldcoin token — proof-of-humanity.


Worldcoin, along with similar identity solutions, such as Proof of Humanity, BrightID, Idenam and Circles, believe that as artificial intelligence (AI) advances, it will become increasingly difficult to distinguish between humans and machines.


Most of these systems that supply a token type, such as Worldcoin, also see human utility being endangered by bots and therefore needing a universal basic income.


Buterin writes that these factors combined beckon the need for digital verification of humans. He argues that this system of proof of personhood is valuable to solving “anti-spam and anti-concentration-of-power problems.”


Related:OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety


Additionally, the Ethereum co-founder also highlights that systems like Worldcoin, if it continues to decentralize as promised, will avoid “dependence on centralized authorities and reveal the minimal information possible.”“If proof of personhood is not solved, decentralized governance becomes much easier to capture by very wealthy actors, including hostile governments.”


Buterin also addressed the major concerns looming over such solutions, which he summarized into four main points of privacy, accessibility, centralization within the Worldcoin Foundation and security. 


On June 27, Worldcoin had a small scare that it immediately clarified after thousands of Safe deployments to Optimism caused speculation of an attack.


Steve Dakh, a developer working on the Ethereum Attestation Service (EAS), which is the network’s own service that creates, verifies and revokes on/off-chain attestations, commented on Buterin’s post saying systems like Worldcoin could be complimentary with EAS.I think Worldcoin can just be an attester of proof of personhood using a protocol like EAS and other entities can decide whether or not they value those attestations.— Steve Dakh (@stevedakh) July 24, 2023


In conclusion, Buterin said there is currently “no ideal form of proof of personhood” and envisions three different approaches to the problem that could become a hybrid of each other. 


He called for community accountability in the process with audits, checks and balances. Although saying he does not envy those whose task it is to design and implement such systems, his point is simple:“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.”


As of July 14, a week before the system’s launch, sign-ups for Worldcoin World ID surpassed 2 million in less than half the time it took to reach the first million.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Tokenizing music royalties as NFTs could help the next Taylor Swift# Blockchain# Vitalik Buterin# Identity# Adoption# AI# Identification# worldcoinAdd reactionAdd reactionRelated NewsHistory of money: From fiat to crypto, explainedHistory of Python programming languageTwitter vs. Threads: Users are the real losersWorldcoin confirms it is the cause of mysterious Safe deploymentsAI would pick Bitcoin over centralized crypto — Tether CTOAI has potential to send Bitcoin price over $750K — Arthur Hayes

News Feed

Grayscale, Coinbase sit down with SEC over spot Ether ETF
Ana Paula Pereira2 hours agoGrayscale, Coinbase sit down with SEC over spot Ether ETFGrayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot
Brian Quarmby6 hours agoJPEG’d confirms return of 5,495 ETH from Curve hackerThe hacker drained several pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various project
Ana Paula Pereira6 hours agoTerraform Labs seeks access to FTX wallets in fraud defenseTerraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithmic stablecoin i
BNB Chain to expand layer-2 ecosystem with new rollup service
Ezra Reguerra14 hours agoBNB Chain to expand layer-2 ecosystem with new rollup serviceThe new rollup-as-a-service solution aims to support projects with the technical infrastructure to deploy layer-2 networks on the BNB
If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back
If Bitcoin Passes $14K, Analysts Say Traders "Should Look to $20,000" Instead of Looking Back While bitcoin prices touched all-time 2020 highs on Tuesday, a few
MicroStrategy to launch Bitcoin-based decentralized ID solution
Brayden Lindrea6 hours agoMicroStrategy to launch Bitcoin-based decentralized ID solutionMicroStrategy has already built an application called Orange For Outlook on “MicroStrategy Orange,” which integrates digital si
Investor shares story of falling victim to $100K crypto hack
Ezra Reguerra11 hours agoInvestor shares story of falling victim to $100K crypto hack“I thought that my heart would stop,” said Matthias Mende, who told Cointelegraph how he felt when he realized he lost $100,000 in
Crypto’s next leap: Ether ETFs through Keyrock’s kaleidoscope
Zoltan Vardai7 hours agoCrypto’s next leap: Ether ETFs through Keyrock’s kaleidoscopeThe approval of Bitcoin ETFs was a major foot in the door for Ether ETFs, Keyrock’s CEO Kevin de Patoul told Cointelegraph.495 To
Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism
Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh CriticismLarge Makerdao holders decided not to compensate the victims that were liquidated during the unexpecte
Ethereum Foundation website changes hint at investigation by ‘state authority’
Derek Andersen7 hours agoEthereum Foundation website changes hint at investigation by ‘state authority’The change occurred on Feb. 26, though no further information was provided, according to the foundation’s GitHu
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges Ripple has launched its first On-Demand Liquidity (ODL) service implementation i
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers On Tuesday, the multinational financial services corporation Mastercard revealed that it is