Worldcoin: A Simplistic Explanation

Worldcoin: A Simplistic Explanation

Imagine walking into a room and seeing a shiny, metallic sphere on a table. This sphere, called the ‘Orb’, promises to scan your iris, creating a unique identification number for you. In return, you’ll be rewarded with money. This may sound like a scene from a sci-fi show, but it’s actually reality. Worldcoin, created by Sam Altman (known for his work with OpenAI), aims to help people who lose jobs to AI by implementing a form of universal basic income (UBI).

Altman is concerned that advancements in AI will lead to income inequality as jobs disappear. UBI, in the form […]

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