Crowd Fights to 'Scan' Eyeballs, Worldcoin Trying to Steal Personal Data?

<p>&nbsp;"Damn, why do so many people hate Worldcoin?"</p><p><br /></p><p>OpenAI founder Sam Altman who successfully launched the Worldcoin project has received a massive response after seeing fans line up to get their own digital identity.</p><p><br /></p><p>Worldcoin is a unique cryptocurrency initiative that uses a device called an "orb" to scan people's eyeballs to create their digital identity and in return, the individual will get a world ID also known as proof of personhood (PoP)*.</p><p><br /></p><p>*How to counter malicious attacks on peer-to-peer (P2P) networks, especially attacks that use multiple fake identities</p><p><br /></p><p>However, controversy has erupted and some crypto market players have criticized Worldcoin as many believe the project uses fraudulent practices to collect more personal data from users.</p><p><br /></p><p>Some crypto supporters also say that the Worldcoin project is against the concept of decentralized while the Chief Executive Officer (CEO) of Block Jack Dorsey showed his displeasure with the development.</p><p><br /></p><p><br /></p><p>day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3</p><p><br /></p><p>— Sam Altman (@sama) July 26, 2023</p><p><br /></p><p>Earlier this week, Ethereum (ETH) co-founder Vitalik Buterin expressed his concern over possible abuse of the privacy system after some investors worried the project would exploit user data.</p><p><br /></p><p>According to popular crypto influencer ZachXBT, the most worrying thing is how the Worldcoin team brags about the number of users they have when in fact they are exploiting people in developing countries.</p><p><br /></p><p>Not only that, the United Kingdom (UK) data watchdog which is also worried has revealed that it will launch an investigation to investigate more deeply about the Worldcoin project.</p><p><br /></p><p>This is because an organization must have a clear legal basis for processing personal data, therefore Worldcoin must rely on consent, commented a spokesperson for the UK Information Commissioner's Office.</p><p><br /></p><p>As of this writing, Worldcoin (WLD) price has plunged by 6.93% to $2.21 in the last 24 hours with a market cap of $244 million but still recorded a 32.80% jump over the last week.</p>