With Worldcoin requesting an iris scan in exchange for a free cryptocurrency, is this going too far in regard to collecting user data?
Iris scanning for user identification in now being looked by French, German and UK regulator.
“The legality of this collection seems questionable, as do the conditions for storing biometric data.”
Source: https://forexnewsfx.com/worldcoin-token-distribution-intrigues-regulators/
Are you as a crypto user/investor comfortable giving your sensitive biometric user data to crypto startups in exchange for free tokens?
I value my privacy and personal data so I wouldn’t give my biometric data for free tokens.
Thanks but I’ll stick with Monero.
It’s a fucking joke. All I got to say. Number of the beast gonna come in due time. No offence athiests.
I guess they need to collect this data to train their AI system, so they can create some new digital people
I think it’s important to have a discussion about the privacy implications of using iris scanning for authentication. Iris scanning is a very personal form of biometric data, and it’s important to make sure that it’s being used in a way that respects user privacy. I would like to see Worldcoin be more transparent about how they’re using iris scanning and what safeguards they have in place to protect user privacy.
AI’s cryptographic uses are numerous. Cryptocurrency investment risk can be assessed by AI. Because AI can analyse previous data and detect price volatility reasons. FluidAI uses AI and machine learning to improve trade efficiency and price accuracy.
Overall, AI has the potential to revolutionize the cryptocurrency industry. As AI technology continues to develop, we can expect to see even more innovative and disruptive applications emerge in the future.
No amount of $$ will make me give up my identity. But for the token, I will trade it and probably short it