It's another day in 2022 so here's yet another intensely bizarre and dystopian story related to cryptocurrencies.
One cryptocurrency company has been travelling the world, asking people to stare into a giant reflective orb in exchange for the promise of crypto compensation. BuzzFeed News(opens in new tab) explains that the currency is called Worldcoin and has specifically been targeting countries with poor populations.
Worldcoin has been setting up kiosks in countries across Africa and Asia manned by staff trained to convince people to give up their biometric data. The story goes that the stall holders would offer a t-shirt and a voucher $20 worth of Wolrdcoin once it launches, in exchange for an iris scan in the mysterious orb. The claim is the scan is to avoid multiple single person signups, but it's a pretty handy way to amass a tonne of biometric data at potentially no cost.
There's the additional promise of the proposed appreciation of the coin once available. This reeks of untrustworthy dealings, but for people hard on their luck, that doesn't sound like an awful deal, no matter how evil that orb most certainly is.
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However, as expected by many it seems like more of a scam, but this time it isn't North Korea(opens in new tab). Many people who signed up for the voucher report receiving nothing despite months having passed. Kiosk operators are reporting dodgy workings and issues with the orb. Generally
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