SCAN YOUR EYE FOR UBI

💵Can Sam Altman’s crypto project be the a solution for global UBI?

AI is going to take our jobs! - says the CEO who first unleashed AI on the world. But don't worry, he is working on a solution.

Introducing Worldcoin.

Worldcoin is a cryptocurrency and a prototype for a universal basic income (UBI) system that Sam Altman started with two other founders back in 2019. It is globally distributed, and by globally, they (like good Christian regulation-fearing folks) mean outside the US.

All you have to do for a little money is let them scan your eye.

Why?

Scanning the eye guarantees that the wallet belongs to a unique human person. This solves one of the biggest problems with distributing tokens equally in the crypto world: Nobody can hoard wallets and scoop up multiple payments.

Why the Eye?

What makes it so ideal is that no two irises are alike, even for identical twins, and they are extremely hard to modify, making them resistant to fraud. No, you can't scan your dog's eyes either. AI algorithms in the scanners detect these shenanigans. Scanning an iris is also much easier to do on a large scale than alternatives such as fingerprinting or facial recognition.

What about privacy?

Worldcoin uses zero-knowledge proof to keep the data private. Instead of storing your actual eye data, they store a hash of it, so they can verify you are a human without ever keeping your eye scan or knowing who you exactly are.

BUT

So far, 1.6 million people have scanned their eyes, and the team has promised them 20-25 dollars' worth of tokens. However, it is not a stablecoin pegged to the dollar and will have an ever changing price. So, how many tokens they owe people is not very clear.

Where does the money come from? Sam's project has already raised $100 million, but aside from investors contributing funds, how they sustain the money supply for distribution remains a significant question. Not to mention the substantial portion of tokens that will be owned by the founders and investors.

Regulators have recently intensified their efforts to clamp down on various crypto projects, and they might also scrutinize Worldcoin, especially concerning the storage of biometric data, even if it's only stored as a hash.

Moreover, hackers have already discovered methods to deceive an iris scan, making it a less than a perfect solution.

In conclusion: Admittedly, Worldcoin is a prototype, and the underlying ideas are intriguing and deserving of exploration. It's crucial to develop a robust system for universal basic income (UBI) before it potentially becomes an urgent matter. However, implementing it on a large scale will require substantial political support, and regional price disparities will need to be taken into account.

LEAKING DOCS

🍏Apple bans ChatGPT and Copilot for employees

Apple is the latest big tech company to reject the use of AI tools due to concerns about data and intellectual property (IP) leaks.

The Samsung tale: A month ago, Samsung employees were surprised to discover that what happens in ChatGPT stays in ChatGPT and is utilized to train the model.

In one instance, a confidential source code was pasted into the chat to check for errors, while another employee shared a meeting recording to convert into presentation notes, now it’s out there somewhere deep in the ChatGPT language model.

While it may be implausible to extract the specific content shared by these Samsung employees, it remains unclear whether certain individuals at OpenAI have direct access to the database.

Apple has also advised its employees against using Microsoft-owned GitHub's Copilot, an AI tool designed to assist in writing software code.

Following significant public pressure, OpenAI introduced a privacy mode last month, allowing users to opt out of training the model. However, the downside is that opting out means losing access to all your chat history.

Bigger picture: It is clear that OpenAI wants to train on our input. As accessing data becomes more challenging and artists, publishers and rights holders are suing AI companies for training on their intellectual property, users are becoming the most valuable new source of input.

Nevertheless, large companies will need to develop private internal models segregated from the broader internet if they wish to safeguard and future-proof their IP.

Ai Art of the day 🎨

Someone please make an NFT out of this!

🌊🏄🌊🏄🌊🏄🌊🏄🌊🏄🌊🏄🌊🏄🌊🏄🌊🏄

That’s it folks!

If you liked it please share it with a friend and make this writer happy that ChatGPT didn’t replace him yet!

Or did it?