Token Daily

21 3

teckers Yesterday

Maybe if it could be hollowed out into a kinda birdbath shape..

2

surgnstonks Tin Yesterday

we have reached peak decentralization

2

jaredrun Yesterday

What's the value of the tungsten then?

1

Beyond_Re-Animator Yesterday

Relevant Simpsons clip

3

ross_st Yesterday

touch ~~grass~~ cube

0

larrydahooster Yesterday

This has to be satire.

If transportation was the problem, they could make the buyer take care of it. But instead they came up with a solution that perfectly mocks nft?

And the buyer is not allowed to take it home on the yearly visit? There is not such a law that regulates such a circumstance.

6

CalmDownSahale Yesterday

Oh, the rich. So wacky, so zany. Big yawn

6

aussie_bob Yesterday

It's for money laundering, not a hobby project.

3

topherisog Yesterday

tangible object

not a procedurally generated jpeg of a cartoon ape

can't be right-click-saved

Well I'll be damned

17

big_fetus_ Platinum | QC: CC 548, DOGE 29 Yesterday

i need tungsten to live! tungggstennnnn!!!

2

UndesirableWaffle Platinum | QC: CC 225 Yesterday

I’ll bid about tree fiddy

2

LiquidNRG Bronze | QC: CC 16 Yesterday

I have the same agreement with my wife. I’m in, Gimme dat cube

2

Supercharmeleon Science Team Member Yesterday

You have to pay millions to touch your wife once a year? Man no wonder you need crypto.

2

LiquidNRG Bronze | QC: CC 16 Yesterday

Touché 😂

2

beefhooker Yesterday

It sounds silly at first, but something makes me want to touch it too, now. Is this how cults start?

3

Supercharmeleon Science Team Member Yesterday

ALL HAIL THE TUNGSTEN CUBE!!!

4

Optimal_Store Redditor for millennia Yesterday

All hail

2

beefhooker Yesterday

I mean I like to think of myself as an intelligent and willful person who doesn't give easily to something as silly as thiALL HAIL THE TUNGSTEN CUBE

5

JeanBonJovi Platinum | QC: CC 406 | r/UnpopularOpinion 28 Yesterday

That's stupid...whats the bid at?

2

mattg1981 Tin Yesterday

This is really going too far now. I dont necessarily see the appeal of NFT's in general - but this is a whole 'nother level.

4

Goldenbeardyman Platinum | QC: CC 199 Yesterday

The appeal is people with too much money. At least with real world art or trading cards, you have something physical to touch, see and feel. Any other use cases other than art/gaming based items are better handles by traditional methods - i.e. written/digital signed contracts.

2

Optimal_Store Redditor for millennia Yesterday

I think real world art is just as ridiculous lol. Just look at the Banana taped to the wall that sold for hundreds of thousands: [link](https://www.gq.com/story/suddenly-the-koons-is-this-100k-banana)

0

Goldenbeardyman Platinum | QC: CC 199 Yesterday

Most real world art is ridiculous. I own a few pieces made by friends, family and local artists, but I've never spent over $100 on any. None of that modern/shitty art though.

2

rohitsanyal Platinum | QC: CC 1298 Yesterday

Just touch the filament of your light bulb, no need to pay millions...

2

edk128 Yesterday

You own it except not really. Crypto and timeshares have quite a bit in common.

8

dyzo-blue Yesterday

Like all NFTs, you own the receipt and you can sell the receipt. The "clever" twist on this, is if you destroy the receipt in an agreed upon manner, you can go to the fabricator and get the tungsten cube. But you wouldn't want to do that, because the receipt is far more valuable than the tungsten.

12

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0

Affect-Electrical Yesterday

crypto just has a propensity for the density

I thought dense people had a propensity for crypto?

13

chapelierfou Yesterday

This is hilarious, thanks for delivering such pure comedy gold!

3

AszEaterer Yesterday

It’s actually tungsten

3

dyzo-blue Yesterday

Comedy Tungsten

4

dyzo-blue Yesterday

Every paragraph in that article can give you a headache.

Butters are really jacking the stupid up to previously inconceivable levels.

11

15 2

xboox 1 day ago

Are the next 5 halvings also priced in??

4

vasilenko93 Yesterday

Of course, we already minted over 80% of maximum supply, slowing down minting the remaining 20% won’t have the same effect as having minted only 20% of maximum supply and slowing down minting the remaining 80%

0

Accomplished-Play-84 1 day ago

Yes.

2

MrKittenz 1 day ago

You’re joking, right?

2

Accomplished-Play-84 Yesterday

Is there any doubt they will happen?

2

MrKittenz Yesterday

Was there any doubt the last 3 would happen?

1

Accomplished-Play-84 Yesterday

So those were the causes of the correlation?

1

MrKittenz Yesterday

Are you asking if cutting supply increased price? You really think humans are pricing in something 10 years from now just because they know it’s going to happen? The same people that over eat, smoke, don’t exercise, and the majority have less than enough savings to get through the year?

1

Accomplished-Play-84 Yesterday

I doubt that the price for shares of Coke go up every June 21 on anticipation of increased summer sales. For the same reason I doubt that halvenings alone result in higher bitcoin prices. Correlation is not causation. What we're seeing is a confluence of forces and chance.

1

MrKittenz Yesterday

Well it is not alone, but is a key piece. So it is just correlation that the same pattern happens right at halvenings which happens to be a cut in supply? Your Coke analogy is humorously off base for someone trying to say they understand market dynamics so well they are contrarian to the basic design of Bitcoin If you think the next 3 halvenings are built into the price then you should short the crap out of bitcoin

1

Accomplished-Play-84 Yesterday

I don't follow your logic. Just because the halvenings are priced in doesn't mean btc prices won't go up. They will go up. But mostly unpredictably. As economist Steven Landsburg pointed out a long time ago about stocks, their price changes are mostly random. Same with crypto -- even as they both go up long term.

1

llewsor 1 day ago

how can it be priced in when the capabilities and use cases haven’t even been applied yet?

2

vasilenko93 Yesterday

That is how investors operate, they buy ahead due to expectations, you know, buy before everyone else.

1

roadydick 1 day ago

Lol there is no why it’s priced in - no one actually has any idea what this thing means except for a few deep technical ppl who have been in the BTC game forever

5

Frequent-Share8188 1 day ago

Nice read

1

Accomplished-Play-84 Yesterday

High-concept click-bait with a sprinkling of FUD.

1

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1

AtheIstan Gold | QC: CC 90 | r/WallStreetBets 11 1 day ago

Every news that I have access to is priced in, and then some. Insider trading, alternative data and other knowledge that institutions and whales have access to means I will not pretend to know better when exactly the highs and lows will happen, so just HODL for a small fish like me.

0

mode90x Shroom 1 day ago

Doesn't matter if its priced or not, I'm HODLing until 200K BTC anyway

1

spicolispizza Silver | 4 months old | QC: CC 35 1 day ago

Ok yeah the average retail investor who's yet to FOMO in is totally waiting for this upgrade. In fact, my wife and I had a long discussion about this upgrade in bed last night before we went to sleep.

3

DadofHome Platinum | 3 months old | QC: CC 123 | TraderSubs 1 day ago

Classic married couples always thinking about forking but someone was tired and fell asleep.

1

Vinnypaperhands Bronze | 6 months old 1 day ago

Bitcoin is incredibly undervalued as is

1

SuperShadyMonKey Gold | QC: CC 75 1 day ago

Taproot also opens the doors to greater smart contract flexibility on Bitcoin. While complex smart contracts have been easy to create and enforce on other blockchain networks for years, Taproot is anticipated to lay the technical foundation needed to accelerate Decentralized Finance (DeFi) on the Bitcoin network. With Taproot's implementation, Bitcoin can host massive smart contracts with tens of thousands of signatories while obscuring all participants and retaining the size of a single-signature transaction.

🔥🔥🔥

1

drdapperbeard Gold | QC: CC 89 1 day ago

It's all priced in Morty

1

babossa77 eth head 1 day ago

there will be no shortterm effect for the price anyways

0

OrganicDroid Platinum | QC: CC 477 | LINK 6 | r/Politics 41 1 day ago

Maybe the news of it is, but not the lingering effects of the actual upgrade. Sometimes saying something is priced in doesn’t even make sense.

2

iNstein Gold | QC: CC 118 1 day ago

Given that most people don't even know it exists, I highly doubt it.

2

[deleted] 1 day ago

[removed]

1

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1

beekeeperfrank Platinum | QC: CC 334 1 day ago

people that aren’t aware of that won’t move price anyway

1

iNstein Gold | QC: CC 118 1 day ago

It will be all over the media and they will fomo because people hear something is new, gotta be better so price rise. Self fulfilling prophecy.

1

gesocks Silver | QC: CC 718, ETH 20 | NANO 41 1 day ago

given that it will not change anything for most people i highly belive it

1

iNstein Gold | QC: CC 118 1 day ago

People will hear privacy and smart contracts and not understand the context, just that these things are good.

2

hquer Gold | 3 months old | QC: CC 49, ETH 34, ADA 22 | 1 day ago

That sounds like 100% definite maybe

1

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5

25 9 3

Greencar59 8 hs ago

United states , regulatory body start focusing on Bitcoin that's a good news.

1

Informal_Recording89 redditor for 6 days 9 hs ago

Who in their right mind would have a bank (of all entities) hold their crypto? It’s a dying trend before its even launched, banks are all about restricting your access to your (actually it’s theirs) money, once people realize how easy it is to buy / hold / trade crypto is - it’s game over for the antiquated and non scalable system, it’s older than yellow pages.

1

GradientPerception 9 hs ago

This goes to show you how inept the people that are running our country are.

This is embarrassingly stupid.

1

bastion_12x redditor for 6 weeks 10 hs ago

this will be a good opportunity for legit custody management entities like bny melon

1

IncognitoCumShot 11 hs ago

Seems like too much of a coincidence

1

Sideways_X1 11 hs ago

Good God, it's like being at my first job and realizing my manager is an idiot... But bigger

1

Sarcastic_Hue_ 11 hs ago

“Some kind of collateral” ahah so the real money backing your shitcoin

Edit: also federal reserve asset 😜

1

UranusisGolden 11 hs ago

The point is that you don't need a bank smh.

1

angrypuppy35 Yesterday

Oh my. Good find 🤫

1

mhkwar56 Yesterday

Thinking I'm gonna double down on my Jan 2024 LEAPs tomorrow.

3

LakersMambaMentality 11 hs ago

lol, same here, going to add 4 30 strikes.

1

KardinalDeeze Yesterday

Was looking at some myself earlier today.

1

KardinalDeeze Yesterday

What's the strike ?

3

bittabet Yesterday

Imagine if there was such a thing as an FDIC insured Bitcoin account, lol.

1

walloon5 Yesterday

Oh please God dont let it into the banks

1

Jakkin_Fools Yesterday

The whole point is to cut those evil bastards out

2

ryficryptoguy redditor for 7 weeks Yesterday

US Government " can we just print dollars and turn them into bitcoins?"

1

ivy_noise Yesterday

This will be huge if “it” happens.

8

TenGreat1s redditor for a day Yesterday

Why have their advisors not told them about cold storage and aren't they the one's that rent safety deposit boxes for people to store their stocks, bonds, jewelry silverware and gold everything. I thought a safe within a safe would be sufficiently, snoop free, snuggly-safe, am I missing something here.

1

12kdaysinthefire Yesterday

US regulators are also trying to figure out how they can tax gains before any liquid cash is withdrawn. Basically taxing imaginary money then taxing it again once it’s withdraw. This includes equity on assets.

2

stockking24 Yesterday

Sense they consider bit coin an asset it’s pretty simple duh how ever I’m sure government wants to try to find a way to tax it more then Just cap gains. This is why people are tired of government and there bs..

2

gl129384 Tin Yesterday

Sounds like they want to get into the staking side, except they have to ensure their clients that it's FDIC-insured

1

Deimosx Yesterday

Just have banks buy bitcoin with the USD they recieve from people, when people withdraw USD after the bitcoin pump banks will have...banked on bitcoin gains and paid the person back a pittance compared to what they deposited.

1

edmanet Yesterday

U.S. regulators exploring how banks can make money off of bitcoin.

FTFY

2

Onfire50 Yesterday

BTC doesn't need banks. Banks don't add any value moving forward as BTC adoption widen worldwide.

3

azsxdcfvg Yesterday

I'm 50/50 if either they are too dumb to understand crypto wallets or if they're trying to scam me.

1

Chrol18 8 hs ago

Why not both.

1

ragnarokfps Bronze | QC: CC 19 Yesterday

Yeah idgaf. I got into crypto because I fucking hate banks.

1

NewtProfessional7844 Gold | QC: CC 42 Yesterday

I’m confused, how BIG is this exactly again? /s

1

lisper - @lisper Yesterday

The irony here is truly staggering. The whole point of cryptocurrencies is to eliminate the need for trusted third parties, and especially to eliminate the need for trusted third parties who are so heavily regulated that they are essentially arms of the government, like banks. Still, it is far from clear (at least to me) whether the FDIC chair is being clueless or devilishly clever here.

aazaa - @aazaa Yesterday

> Some banks have already begun dabbling in these areas without regulatory clarity. Earlier this month, U.S. Bancorp (USB.N) announced it was launching a cryptocurrency custody service for institutional investment managers.

This is fascinating. Within a mere 10 years, Bitcoin has gone from a toy to something now intersecting directly with the US banking system.

With each integration point, Bitcoin gets more difficult to legislate out of existence or destroy through capricious police action. Aside from Tether, this is one of the biggest risk factors cited by those who have studied Bitcoin in detail.

ch33zer - @ch33zer Yesterday

This seems like exactly the kind of centralization bitcoin is trying to avoid.

naveen99 - @naveen99 6 hs ago

Cryptographic custody of power is important to make sure power is wielded by the people designated to have power by the market. crucially this power can then be anonymous. Makes capture the flag much more difficult for rogue outsiders (outside of the market mechanism).

MR4D - @MR4D 4 hs ago

FDIC backs dollar deposits with dollars. Seems reasonable to assume bitcoin deposits would be backed by an equivalent bitcoin fund.

tehjoker - @tehjoker 11 hs ago

It's gonna be pretty funny to watch all the bitcoin people go into a tizzy when the banks buy a ton of bitcoin and start to regulate the economy by changing the money supply at will. It doesn't matter if there's some kind of theoretical cap on the supply. Say the bank buys 50% of the money supply, they can then double the number of coins at will. If they buy 90%, they can increase it by 10x.

pfisherman - @pfisherman 10 hs ago

This seems rather concerning. I am by no means an expert on banking or finance, but would this not create massive risk of contagion should the price of Bitcoin collapses?

I am all for people being able to experiment and bet their own money on cryptocurrencies, but I do not think that it is right for the general public to be exposed to this kind of risk.

web2sucks - @web2sucks 11 hs ago

Banks print endless amounts of fiat currencies, meanwhile bitcoin is transparent and capped at 21 million. The chancellor can not print more.

sebow - @sebow 11 hs ago

Well this is one simple reason why i don't recommend/hype up crypto anymore(or many other "decentralized" technologies).

Anyone who has been in the space could have seen it from miles away.

If people want truly decentralized,secure and anonymous money, you have to work from bottom upwards, starting with an infrastructure that's not centralized: think mesh networks,and you build on top of that.The obvious trade-off is there: performance, usability,etc, but at that point the target audience is vastly different.

Software "decentralization" is ~pointless considering the fact that if a country(US) or in best-case scenario a couple countries decide that it's over, well it is over, because they can quite literally pull the plug.Arguably Starlink looks like the next best choice, which from other aspects is even worse.

Show all comments on Hackernews

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25 2

Jezzes Yesterday

What about steak? My freezer is filled with appreciating assets. Either way hyperinflation is here and they trying to tax it. This is shit hitting the fan in my book.

1

TheSakiBomber Yesterday

Why is she proposing any taxes at all? Did someone vote her into a position of legislation?

1

TheTranscendentian Yesterday

This has been fact-checked by Snopes and found to be false. Therefore it must be true.

1

jibbajabba99 Yesterday

Of course. I found a $20 dollar bill on the sidewalk, is it mine? Oh yes, I have to give the government 20 cents.

1

Joshau-k Yesterday

I’d be happy to pay the tax if the government protects me from violence so the rest of the coins don’t fall out of me. Oh wait that’s sonic not Mario

1

PrivilegeCheckmate Libertarian Socialist Yesterday

No one else gonna say it?

MAMA MIA!!!

1

ObadiahtheSlim Lockean Yesterday

She better not touch my buckets of ducats in CK3.

2

williego Yesterday

People just won't play the game.

1

vmlinux Yesterday

Do we just post pure fucking fiction fake articles here now? I get that it's satire but the Republicans here think it's real

1

yrrrrrrrr Yesterday

I’m not a fan of hers

1

BeardlessPete Yesterday

Aw c'mon mods, this one was funny.

4

gonzowandering Yesterday

Can you write off the loss if you die?

1

Girafferage Yesterday

Thats realized death. You have to pay capital gains on that.

3

killer_cain Yesterday

The horrible thing is this headline is actually believable these days, because if these control freaks could do this, they would.

3

silver_raichu Yesterday

Sonic the Hedgehog next

3

ScipioAtTheGate Yesterday

["Every time your little Mario or Luigi character on the screen collects a coin, that's an unrealized gain," said Yellen.](https://www.youtube.com/watch?v=Mc3t3IVkq60)

3

siliconflux Classic Liberal with a Musket Yesterday

It's not about the revenue.

It's about the monitoring and control.

3

TheTranscendentian Yesterday

That's for sure.

1

VisualMod GPT-REEEEEE Yesterday

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1

ScipioAtTheGate Yesterday

The price of Super Mario 64 NIB Graded WATA 9.0's fell 80% today on the news!

1

LavenderAutist brand soap Yesterday

You know graded games are a scam, right?

3

ScipioAtTheGate Yesterday

Its not a scam if your the one making money off it. How do you even know if the cartridge is even actually in the sealed box?

0

LavenderAutist brand soap Yesterday

Here you go retard https://youtu.be/rvLFEh7V18A

1

The_Dudes_Rug_ Yesterday

God babylon b fucking sucks, we really are awful at satire

1

delsystem32exe Yesterday

lol

1

ImaRichBich Yesterday

Luigi says END THE FED!!!

3

DumbestBoy Yesterday

Fucking bitch.

2

Neonightmares Yesterday

What a cunt she is.

1

djaybe Yesterday

The “Federal” “Reserve” is a private communist organization. This is Literally how they are structured and operate.

1

Tarkus_Edge Yesterday

Don’t play NSMB2 then.

1

Nolzad The price is wrong, bitch Yesterday

I propose we kick this bitch out to the streets

corrupt old bag

2

AbbadonCox Yesterday

I like the way you think! But first we must strip all these corrupt assholes of the assets they stole from us.

1

2

25 2

Jio43 Tin | 5 months old Yesterday

Yes, the old we need more government censorship on social media while I go to Puerto Rico to create a tax haven for my crypto currency. 🤯🙃😂

0

cibamontana Redditor for 4 months. 1 day ago

So she has made prudent financial decisions that allow her to make decisions in what she sees as the public’s best interest rather than be beholden to others - this is a problem?

1

ElderberryForward215 Tin 1 day ago

Some mind blowing investigation we have here

1

Placebo17 Platinum | QC: BTC 90, CC 137, ETH 26 | NEO 20 | T 1 day ago

She wasn't a real whistleblower. It's was a psyop

1

Sunset-token 1 day ago

check this token for traveling and paying with crypto sunset-token.com

1

gad_fly 8 - 9 years account age. 225 - 450 comment karma. 1 day ago

No censorship, ever, for anything.

1

SunriseFan99 Gold | QC: CC 118 | NANO 10 1 day ago

So let me break this down.

Facebook is in the wrong for obvious reasons, but the whistleblower herself is in no way better because she demands for more governmental regulations. Therefore, we should not pick a side in this case, even though we all hate Facebook, right?

But sure, crypto is still the way for all the people.

1

Janet811 Tin 1 day ago

Nowadays everyone wants to launch their own stablecoin and repeat the success of Tether.

1

tatabusa Platinum | QC: ETH 57, CC 411 | TraderSubs 37 1 day ago

She is a statist scum no worse than the lizard Zuck

1

Sirius-AB Silver | QC: CC 20 | NEO 103 1 day ago

never had a Facebook account, what am I missing?

1

BigBrainVibes Gold | QC: CC 39 1 day ago

I deleted my Facebook a long time ago and never looked back.

1

partymsl Gold | QC: CC 94 1 day ago

See how crypto is about to end Facebook.

1

SeatedDruid Bronze 1 day ago

Crypto helping someone whose being persecuted by the people in power… Sounds about fucking right

1

whiteyfisk46 Platinum | QC: XLM 131 1 day ago

Not one for the all “canceling” bs, but if anything facebook deserves to be. It’s been a cancer in society for years. The world would be better off if facebook kicked the bucket.

1

1SandDollar Silver | 3 months old | QC: CC 23 1 day ago

Sure, a censor from Facebook, now a trusted whistleblower with absolutely no push back or smears from oppo.....seems legit!

1

pissexplosion 1 day ago

wen whistleblowertoken?

1

ShittingOutPosts Platinum | QC: BTC 148, ADA 96, CC 195 | MiningSub 1 day ago

Crypto is helping to achieve financial freedom for millions of people.

1

rokosbasilica Tin | CC critic 1 day ago

Oh yeah this

 """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" *whistelblower* """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""

Who

 """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" *blew the whistle* """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""

on facebook not censoring people enough and how the government should control the interneet moar. GTFOWTBS.

2

hunnerr 1 day ago

press x to doubt

1

goatchild 2 days ago

She's a shill.

2

bthemonarch I Dump, You Pump, We Pump and Dump 2 days ago

All I'm hearing is that I should accumulate Facebook.

1

bthemonarch I Dump, You Pump, We Pump and Dump 2 days ago

I like how this whistleblower is just saying things everyone already knows...

1

yumyumsauce45 Tin | r/WallStreetBets 19 2 days ago

Fucking radical?

1

growbot_3000 Tin | 1 month old 2 days ago

And she's a blonde ❤️

2

Mustnt-Grumble Gold | QC: CC 57 | NANO 8 2 days ago

Hey, I resemble that remark! xD

2

Grhod Silver | QC: CC 35 2 days ago

All "whistleblowers" get paid by someone who has an agenda. I'm no Facebook fan. But the fact is that someone is putting together a smear campaign and this person is just a piece of it. She's being paid. Don't doubt that.

1

ChangeNow_io Silver | QC: BCH 43, BTC 56, XMR 61 | NANO 30 2 days ago

Can you blow my whistle, baby — whistle, baby

10x LONG

1

25 1 3

mlamping Spacling Yesterday

Yep. And people sold. When this thing fires up again there are going to people who will cry

1

AmericanScream 1 day ago

Reminder: During the gold rush lots of legit companies sold crap to miners.

McDonald's also bundled Beanie Babies with their Happy Meals. It didn't mean McDonald's believed in the long term value of Beanie Babies. They just saw an opportunity to fleece enthusiasts like others in the industry.

8

Allevon 1 day ago

r/saltedbutters

3

icljoe Tin | 6 months old 1 day ago

Excellent. Crypto is going mainstream now bitches! My tiny pile of crypto (most of it BTC and collecting daily interest) should make retirement much easier when I need it. Hell ya. Needed some decent news.

1

xyziggy Redditor for 6 months. 1 day ago

now prepare for Mastercard, Visa, and others to try and one up each other in the ability to integrate crypto

it always starts with one or two, then there is a deluge of firms rushing in.

1

EthTraderCommunity 1 day ago

u/Primary_Ground_3858 tipped you 1.0 DONUT!

1

Sugusino 1 day ago

Well if Bitcoin really does become a worse cash, it will die really soon. If number don't go up, number go down.

2

Seamni 1 day ago

Floodgates have opened, the alternate financial system is here ready for the old collapse! Are you ready ?

1

proxyz10 1 day ago

now prepare for Mastercard, Visa, and others to try and one up each other in the ability to integrate crypto

it always starts with one or two, then there is a deluge of firms rushing in.

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Printer-Pam 1 day ago

Something wrong with the pumpamentals, as it didn't move the price at all. Good news pumped TSLA 15% yesterday, and used to pump BTC even more.

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Familiar-Luck8805 I make claims I can't back up 1 day ago

Cave dwellers are suspicious. And they have cause to be.

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KirillxKirill 1 day ago

I think I've officially reached a point where I no longer care about almost any mainstream financial institutions doing something with bitcoin.

I don't know why, & I totally get why it's a big deal, but I just don't care about Mastercard doing anything. 🤔

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Extent_Leather 1 day ago

This is good news. I just wondering how much fees will cost there.

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Extent_Leather 1 day ago

This is good news. I just wondering how much fees will cost there.

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ArtofZed Platinum | QC: CC 775 1 day ago

That is a bullish news. However considering the slow implementation in Germany this could take years

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a1Drummer07 Tin | r/Investing 15 1 day ago

Oh the irony. Can't get free of the enslaver banks without the help of the banks!

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Practical_Peace797 CryptoHorde 1 day ago

Crypto, pour on me, no umbrella needed!!

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PinkleWicker777 1 day ago

It's raining ZEN Edit: for someone I know

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Practical_Peace797 CryptoHorde 1 day ago

Love it, ZEN or zen😜. How are you doing? Haven’t seen you pop up in awhile!

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PinkleWicker777 1 day ago

Things are not ideal right now

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Practical_Peace797 CryptoHorde 1 day ago

The U.K. is in turmoil, or so I’ve been reading, Sorry! The US is pretty chaotic as well. I think we’re all feeling the social and financial pinch!

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Bullywug 1 day ago

I don't agree with bitcoiners, but if they had a consistent set of principles, I might at least respect them. But "be your own bank" and "not your keys, not your coins" were supposed to emphasize that crypto was ostensibly about providing an alternative to the predatory financial wasteland we live in. And now they're celebrating Mastercard partnering with another company to offer "custodial services" for crypto. Everyone with any decency left the scene a long time ago, and all that's left is a bunch of mindless adherents of the cult of number go up.

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Affect-Electrical 1 day ago

If you're using MasterCard, what does crypto bring to the table? No longer anonymous, no longer decentralized, it's just something you have to pay a fee to turn your (already working) money into, to then pay an additional fee every transaction? I can see MasterCard would offer it as it is another service they can charge for, but why would anyone bother?

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NanoZaida 1 day ago

To be fair, this would be the answer you would get on the Bitcoin sub too. They don't like it anymore than you do.

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tgpineapple 1 day ago

Most people buying bitcoin have their names attached to an exchange, and everyone else is using it to (the only good use) buy drugs. The buzzwords are just wank to convince yourself that you didn't throw your money away. These people will clap when amazon starts up a mining pool

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Owlstorm 1 day ago

You can still see a few of those original anarchist types holding etc/bch/xmr.

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dbzer0 1 day ago

Anarchists hate cryptos. Just saying...

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filbertsnuts clearly not the guy you should pay attention to 1 day ago

Anarchists are a wide group of people with differing beliefs. AnCaps and AnSocs aren't exactly after the same goals.

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bgieseler 1 day ago

Ancaps are not anarchists.

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filbertsnuts clearly not the guy you should pay attention to 1 day ago

Yes they are they intend for a market driven society with an absence of government. Not all anarchism is good or even logical.

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bgieseler 1 day ago

Just because idiots call it anarchism doesn’t make it so. Its adherents have no connection to anarchism at large and it fully accepts and even celebrates economics hierarchy. Even the originators of the term had to point to hierarchical systems as examples because, say it with me, right wingers are dumb as pigshit.

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filbertsnuts clearly not the guy you should pay attention to 1 day ago

The hierarchy it celebrates is one based on wealth. It seeks little to no permanent government/governing structures preferring the individual make those decisions through the market. It might not be collectivist or egalitarian like many forms of anarchism but it is a form of anarchism as it adheres to not having a permanent governing structure.

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nacholicious Yesterday

By that point you might as well say that Feudalism can be Anarchism

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filbertsnuts clearly not the guy you should pay attention to Yesterday

Feudalism requires government. AnCap desires no government and all coercion to come from market forces. It's dumb but it is still anarchism.

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bgieseler 1 day ago

So? It’s hierarchical and therefore non-anarchist. This is basic shit, if right-wing liars calling something the wrong thing confuses you this deeply you may want to stay off the web as it is their main tactic and I’d hate to see you get tripped up.

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filbertsnuts clearly not the guy you should pay attention to 1 day ago

No need to be insulting especially when you are incorrect. The lack of hierarchy is associated with left wing collectivist anarchism but the right wing/individualist forms of anarchism exist as well. What defines anarchy is a lack of permanent governing bodies not overall equity/equality of possessions which you are calling a hierarchy.

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hfwiuyf489y34f 1 day ago

> So? It’s hierarchical and therefore non-anarchist. You're using the leftist political theory definition of anarchism, which I agree AnCaps don't meet. But AnCaps are anarchists by any *normal* sense of the word. You shouldn't expect everyone in the world to use a specialized definition of a word apropos of nothing

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dbzer0 1 day ago

AnCaps are as much anarchist as North Korea is a democracy.

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filbertsnuts clearly not the guy you should pay attention to 1 day ago

AnCaps believe in no permanent governing bodies. That is anarchist. It is not collectivist or left wing anarchism but it still is anarchism.

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dbzer0 1 day ago

>AnCaps believe in no permanent governing bodies. That is anarchist. Absolutely, not. Anarchism, as the historically existing political movement, at the very least, means "no rulers", not "no permanent governing bodies" whatever that means. Saying "Anarchist Capitalism" is like saying "Anarchist Fascism". It's an oxymoron.

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filbertsnuts clearly not the guy you should pay attention to Yesterday

AnCap doesn't require a ruler or a government. In fact it desires no government or ruling bodies. That makes it anarchic in nature. Capitalism is in no way incompatible with anarchism to suggest otherwise means you don't know what capitalism means.

0

dbzer0 Yesterday

Capitalism requires bosses and landlords . They are your rulers. What I see is that it is you who does not understand neither anarchism nor Capitalism.

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filbertsnuts clearly not the guy you should pay attention to Yesterday

The existence of an employer does not make a society not an anarchist one. The notion that anarchism requires a lack if hierarchy is inaccurate. You are trapped in a collectivist definition of anarchism which us why you don't see the point im making.

0

sgtslaughterTV warning, I like bit-Coin! 1 day ago

> I don't agree with bitcoiners, but if they had a consistent set of principles, I might at least respect them. If we had a consistent set of principles, we would be no different from an MLM scheme. No offense, but what you say is a bit like, "Everyone needs to have a consistent set of principles towards veganism." From time to time I go on Vegan diets for weeks, but I don't give a shit about animals. I care more about staying healthy since I am prediabetic.

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Ichabodblack 1 day ago

>From time to time I go on Vegan diets for weeks, but I don't give a shit about animals. I care more about staying healthy since I am prediabetic. Then your principle on Veganism was consistent wasn't it....

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sgtslaughterTV warning, I like bit-Coin! 1 day ago

Not really no. A lot of hardcore vegans will say something like, "Animals are capable of feeling fear, love, compassion, and pain." But I love eating B-dubs and hooters chicken wings man. I'm dieting now but my mouth is watering just thinking about it. Like I said, you can be a proponent or endorser of an ideal or an object or a technology and not be 100% consistent with the thoughts and beliefs that others have.

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Ichabodblack 1 day ago

It's irrelevant what thoughts and ideals the others had. You, as an individual, have kept consistent in your principles on veganism. We get *lots* of coiners here who swing their individual principals when it suits them

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sgtslaughterTV warning, I like bit-Coin! 1 day ago

So my principle is that "I think bitcoin is a better store of value than cash or gold, or maybe even real estate." Is that wrong?

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Ichabodblack 1 day ago

That's not a principle That's an opinion

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spookmann 1 day ago

Note it doesn't say "can soon accept crypto".

It says "can soon integrate crypto into their products".

Then it says: "That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent, and loyalty programs where airline or hotel points can be converted into bitcoin."

So it sounds like they want to put Rewards Points on the blockchain.

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000Kurpitsa000 1 day ago

Actually sounds like a great marketing move. Imagine all the free press when your hotel points are "securely stored" in the blockchain.

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lordchickenburger Gold | QC: CC 46 1 day ago

mastercard should rebrand to mastercoin

1

HopeFox 1 day ago

Imagine it! "We accept Bitcoin" stickers as far as the eye can see!"

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anonantibutter69 1 day ago

But who is going to pay in Bitcoin? Or ETH? Or XRP? Or XLM? OR BUSD? Is any of it better than regular fiat payment?

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1

SubstanceAlert578 warning, i am a moron 1 day ago

The news just keeps getting worse for this sub

0

Allevon 1 day ago

lol the responses to this got so triggered

1

Cthulhooo 1 day ago

I dunno about that. If I was a hardcore bitcoiner I wouldn't be that happy that these mainstream companies keep "integrating" cryptocurrencies in the most controlling and rigid fashion possible as walled gardens. This way you get worst of BOTH worlds. But that's not surprising, this way they can afford to ignore the pain points of the AML/CFT complicance and various kinds of fraud and customer issues if it was possible to hop in or out of the blockchain into the ecosystem and they get to profit from it the lazy way. Whether it's Robinhood, Paypal or other places where you can check in but never check out it's a variety of roach motels. Imagine a future in which only a fraction of a fraction of total bitcoin is in the wild and most of it is concentrated in walled gardens like Bitcoin Facebook, Bitcoin Paypal, Bitcoin Mastercard, Bitcoin Amazon or Bitcoin Wells Fargo. And all of those bitcoins are spread around central parties that hold them in dedicated custodians but the users don't care that much. However those that care know that you sometimes can move them between those custodians...with their permission. Is that the future you want?

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000Kurpitsa000 1 day ago

Sounds like world wide adoption of bitcoin. That is always good for bitcon

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arctic_bull 1 day ago

See that’s where you’re sort of right. The news keeps getting worse for everyone, it’s just the folks here realize it.

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sweetsimplecode 1 day ago

Don't tell me. I already ordered my new slave uniform.

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justin747 1 day ago

You think this is good for Bitcoin?

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Tbon3St3ak ALCHEMIST 1 day ago

It’s definitely not obsolete or dead. When big news comes about binance listing its on.

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mob83519000795 1 day ago

As a business owner who owns crypto myself I’m not taking any crypto until this bull run is over I’m not getting stuck with a bag until next bull cycle.

2

Porkysays 1 day ago

You saying now lambo?

3

PinkleWicker777 1 day ago

Now mn

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R3lentless1 The Daywalker - OG MOD 1 day ago

but how much more can you make if you put that money into crypto in stead of a lambo...

4

JeremySoCa Mod'Father OG :illuminati: 1 day ago

You’re always in waiting to piss on someone’s dreams foxy. 🤦🏻‍♂️

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PearTreeGaming Gold | QC: ADA 22, CC 20 1 day ago

Isn't Visa already doing this? Welcome to the game Mastercard!

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DrKamikadze 3 days ago

Would not be surprised if this is just the beginning, BA.

Walmart now, Target and grocery stores next. Just getting started.

1

jwzheng 4 days ago

Coin star has been in Walmart for years they are only updating their machines to buy BTC.

3

sasha3736 4 days ago

They might wanna install new shopping carts first before anything. Just ghetto shopping carts with no cup holders. Probably carts from when RedOwl was around.

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1UazZNfbWi 4 days ago

CoinStar is a very American thing. In other countries you change your money at the bank for free.

[Source: I met the guy who owns CoinStar in the Hilton Hawaii once. He felt that saving nearly 10 per cent of your money by driving a few hundred yards to the bank instead of giving it to him, was sheer madness. We don't keep in touch.]

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1UazZNfbWi 4 days ago

CoinStar is a very American thing. In other countries you change your money at the bank for free.

[Source: I met the guy who owns CoinStar in the Hilton Hawaii once. He felt that saving nearly 10 per cent of your money by driving a few hundred yards to the bank instead of giving it to him, was sheer madness. We don't keep in touch.]

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chainxor 4 days ago

BTC only, KYC and a 4% fee plus 7% markup fee. How shitty.

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Bors1 4 days ago

Yeah and Why would i need to buy/spend my bitcoin at fuckin walmart ?

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stink_bot 4 days ago

"Part of the process includes passing a "know-your-customer" check".

I'm out!

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QuentinTarancheetoh 5 days ago

Sweet yet another way to commit fraud at Walmart.

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wtfCraigwtf 5 days ago

Those ATMs are a KYC trap. The only thing you can buy at the Coinstar machine is a voucher that is redeemable on the shitty Coinme exchange after you KYC and pay >10% in fees.

After inserting bills into the machine, a paper voucher is issued. The next stage involves setting up a Coinme account and passing a know-your-customer (KYC) check before the voucher can be redeemed. The machine charges a 4% fee for the bitcoin option, plus another 7% cash exchange fee 🤡

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jtooker 4 days ago

I was really excited when I heard about this a few years ago and was equally disappointed when I learned about the extra steps, including KYC. I would have been 'fine' with the 10% fee if that was the cost of convenience. As it stands, this product is completely antithetical to Bitcoin (but so is much of BTC, so it goes). If it gets people into bitcoin, great, but hopefully there will be better competitors in the future.

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champagnefabulou 5 days ago

That's the power of adoption tbh. Both merchants and consumers are ready to adopt the crypto payment option as a better means of payment for goods sold and service rendered

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maserma 5 days ago

Only BTC at coinstar currently, but according to their FAQ they will be offering other cryptocurrencies in 2021. This might mean bitcoin cash support in the next few months.

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konieczko 4 days ago

Thats good but when will they actually TAKE btc? They dont even take PayPal now 😞

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hero462 4 days ago

That would be sweet. They'll have an instant customer in me. Edit: nevermind after hearing about the KYC bullshit.

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throwaway_1_1_1_1 5 days ago

Bch is a shitcoin alt

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chainxor 4 days ago

No, it is BCH is THE Bitcoin - p2p cash that works. OGs know that. BTC is the highjacked, overvalued, crippled shitcoin.

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throwaway_1_1_1_1 4 days ago

Lol fucking hell you guys are so dumb

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Minimummaximum21 4 days ago

Oh yes, the sub penny to use coin is so shitty. I mean with it's decentralized permissionless Blockchain , no one likes that.

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throwaway_1_1_1_1 4 days ago

It's sub penny because no one is using it. Blocks are empty. Scam centralised dead alt bch

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chainxor 4 days ago

90-100K tx pr. day - hardly qualifies as "no one uses it". Stop being so retarded.

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Minimummaximum21 4 days ago

You seem to think fees are needed, shows how brainwashed you are

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throwaway_1_1_1_1 4 days ago

Yes I'm brainwashed says the guy claiming a shitcoin alt is bitcoin lool

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Minimummaximum21 4 days ago

It seems like you're reading comprehension needs a little work as well I can tip you some money if you need some classes

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Cal_han 5 days ago

It's not Walmart it's coinstar in general.

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sexyama 5 days ago

that thing is massive

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hedgedescrow 5 days ago

Im too poor to shop at walmart

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himynameisnocke 5 days ago

Why do they need to be this big? Its not like they would store the btc there.

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Wave-Civil 5 days ago

Use El Salvador ATM if you're from El Salvador.

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stink_bot 4 days ago

No KYC needed...

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pnemi 5 days ago

But why?

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nickname432 5 days ago

Just like the gold exchanges in super market where people don't trust the value of their national fiat currencies

Must be good business

Btc atms started popping up here as well, however they disappeared lately. Nothing to worry though, probably just Christine La Garde being salty.

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dellemonade 5 days ago

Lol, that's how to write a catchy article headline. Coinstar is a machine service that allows you to turn your loose change into cash, gift cards, etc. This is more Walmart decided to put Coinstars in there stores than Bitcoin atms in their store.

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jaygee10001 5 days ago

Coinstar partnership with Flexa

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CuriouslyOpinionated 5 days ago

These are complete rip offs. I tried one earlier this week just out of pure curiosity. Put $50 dollars in and by the time I converted my voucher and transferred the BTC to my wallet, I was left with $43 worth of BTC. Not only are there fees for both getting the voucher and moving it to your own secure wallet, they inflate the BTC purchase price. Case in point, BTC was at about $62k at the time of purchase but Coinstar had BTC at $66k.

That said it was kind of entertaining to purchase BTC using an atm. Just wouldn’t ever do it again.

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TyranaSoreWristWreck 5 days ago

Is it Anonymous when you do it that way?

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CuriouslyOpinionated 5 days ago

For this particular atm, Coinstar, it is not anonymous. You have to download an app called Coinme which does a KYC including email and phone number which is then verified.

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stink_bot 4 days ago

Bummer...

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nlavrushin 5 days ago

On some ATM they require KYC but it is light and only asks emails mostly

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couple4hire 5 days ago

its not the fees that isn't really a issue, its the KYC that you won't know tiill you get the receipt. They do not tell you, you need to verify before they release the funds to you

10% for privacy is worth it unless you don't care then just go to coinbase

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SPedigrees 5 days ago

You can check on the policies of any particular ATM at https://coinatmradar.com/

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KayneGirl redditor for 6 weeks 5 days ago

Still waiting on a way to convert my Bitcoin to cash to do weekly grocery shopping without having to give so much personal info.

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hocusseswrathfulb3 4 days ago

This is very much possible, especially with the advent crypto cards. There are several of them out there you can use out there. I do make use of Baanx card to do this and the transaction fee I'm being charge is almost negligble. Crypto.com card is also a good one to use.

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IamGlennBeck 5 days ago

It is a gift card not cash, but they have major grocery store chains and only require an email. https://www.bitrefill.com/buy/usa/food/

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LauriNiemiy 5 days ago

It will be a lot easier when you make use of a crypto card to actually do your weekly grocery shopping and even get some bonus for making use of the service.

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Tungsten_Rain 5 days ago

The bitcoin ATMs in my city charge a 25% fee. So, you put in $100 get $75 worth of crypto. That's ridiculous.

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wardersotiatryr2ld 4 days ago

IMO this is really absurd. I rather prefer to go through the option of using Crypto cards and one I'm conversant with is the Baanx card which I can use at over 40million merchant stores

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Gorroseg 5 days ago

I would rather make use of a centralized on-ramp service directly from my account than use that ATM with such a fee.

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ProbablyInfamous 5 days ago

Gosh, i thought the one near me (which charges "no fee," but exchanges at 88% of major exchange rates) was criminal.

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JamesWasilHasReddit 5 days ago

Centralized bullshit. No thanks. I'll find another bitcoin atm instead that doesn't tell me what wallet I have to use or track it like fiat.

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Maleficent_Plankton 5 days ago

> The machine charges a 4% fee for the bitcoin option, plus another 7% cash exchange fee 11% fees. No thank you

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loblolly33 5 days ago

Just call it tokenomics. Folks’ll eat it up.

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LauriNiemiy 5 days ago

This is the reason I prefer to use crypto cards, as they don't charge high for a transaction and I even get cash back when doing so.

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25 40 16

Beastlorion - @Beastlyorion

RT @Snowden: This looks like it produces a global (hash) database of people's iris scans (for "fairness"), and waves away the implications by saying "we deleted the scans!" Yeah, but you save the *hashes* produced by the scans. Hashes that match *future* scans. Don't catalogue eyeballs. https://t.co/uAk0NYGeZu

1666 7180

Ryan Selkis - @twobitidiot

RT @ledgerstatus: I would like to hear the non-dystopian take from @SBF_FTX @zhusu @KyleSamani in particular. This project worries me, and I’d love to be educated why I should think it’s better than it looks. https://t.co/9GZuxwBrq4

1147 4901

Ari Paul - @AriDavidPaul

The predatory sharks are getting more disciplined on messaging. Honestly, this motivates me to work harder to promote truly decentralized and open networks. Facebook just gives users free stuff too…it’s not philanthropic. You’re the product. https://t.co/wgk9wlhRJp

12 129

Kyle Samani - @KyleSamani

We are excited to back Alex and the Worldcoin team Worldcoin is most egalitarian thing we've ever seen. It's insanely ambitious, and if it works, can really reshape the fabric of society https://t.co/WqIKh4zL8o

0 1

Cameron Hejazi - @chejazi

Sell the top https://t.co/4JbqHqkpkd

0 2

WhalePanda - @WhalePanda

Just came out of retirement for 1 sec to say that this is absolutely disgusting. I expected this from scammy companies like Coinbase, Multicoin and a16z. Not from @zhusu and @SBF_FTX who really do know better. 1984 called. https://t.co/O4FZpIA7et https://t.co/kgZW1oFcJg

5 37

Nick Tomaino - @NTmoney

RT @alexblania: 1/ Today, I am excited to reveal Worldcoin, a new, global digital currency that will be distributed fairly to as many people as possible. We will launch by giving a free share of Worldcoin to everyone on Earth. Read more: https://t.co/xfAMwcRw2C https://t.co/JI3VqlxiTM

9 20

Hunter Horsley - @HHorsley

RT @sama: Introducing Worldcoin, a new cryptocurrency that will be distributed fairly to as many people as possible. Details about how it works: https://t.co/DLcAmUA4u3 https://t.co/xC3W2U6Xi3

233 1386

Tim Pastoor - @timpastoor

Kill it with fire. https://t.co/knP4bteZYu https://t.co/FO2qHOmHzK

0 4

Ryan Shea - @ryaneshea

As tech changes so rapidly, basic income & sybil resistance will be a critical component for avoiding a digital dystopia. Worldcoin is probably the most ambitious experiment in this area yet. Excited to be an investor and proud of the team for the launch and progress to date. https://t.co/hENUpWQxK9

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Meltem Demirors - @Melt_Dem

dystopian nightmares note the backers - https://t.co/2Ajs3DYHkr https://t.co/MhSSNUTqil

6 72

Adam Baybutt - @adambaybutt

Hard startup ✅ https://t.co/IsZSesgSg0

0 0

Michael Goldstein - @bitstein

I regret to inform you that Silicon Valley is at it again. https://t.co/hyuj9ui1Uf

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$ALEX Masmej ☄️ - @AlexMasmej

Thrilled to see this project finally come out publicly! Worldcoin is the world’s largest fair launch: everyone on Earth is eligible. If this works, this could be the largest payment network ever. And AFAIK, it’s on an Ethereum rollup! @SayEthereum https://t.co/0QLugPUohn

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Neeraj K. Agrawal - @NeerajKA

what happens if they all dump it and the one person who believes in this ends up with all of it https://t.co/JIrhbRJKZJ

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Chris Dixon - @cdixon

Today we are announcing our investment in Worldcoin which is taking a new approach to solve this problem in a privacy-preserving way, using zero-knowledge proofs. https://t.co/N9z8n78kvI

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ThePhysicist - @ThePhysicist 5 days ago

So, my understanding of the current play in this space is as follows:

  - Create a large number of worthless cryptographic tokens.
  - Distribute around half of them as "freebies".
  - Keep the other half to yourself / distribute them among your investors.
  - Start a hype by injecting your investors money into your currency. 
  - Hope that people will start to trade/speculate with your currency, buying it for real monies.
  - As the trading volume ramps up, start extracting money from the system by exchanging your tokens for real monies.
  - Profit!

Is this about right? I mean it's quite ingenious as you seem to create money out of thin air, but I really can't wrap my head around how this isn't outlawed as an MLM scheme by governments.

walrus01 - @walrus01 5 days ago

> ensuring that every person on Earth can prove that they are indeed human

>To address it, we built a new device called the Orb. It solves the problem through biometrics: the Orb captures an image of a person’s eyes

I'm sure absolutely nothing can go wrong with this at all. Wow. I hope this is satire.

Imagine what a major nation state intelligence agency could do with a data set of globally-unique eyeball vein pattern images of billions of persons.

Etheryte - @Etheryte 5 days ago

> We are only a few months away from a global launch and we are running field tests in many locations around the world. In these field tests, people are waiting hours to receive their free share of Worldcoin [...].

Using dark patterns like artificially limiting supply before the product is even released to create an illusion of demand pretty much says everything you need to know about this. There are no interesting new concepts here, except that in addition to being yet another bogus coin, you're also expected to give up your biometric data.

squidproquo - @squidproquo 5 days ago

I think the overarching idea here makes sense, but the devil is in the details.

1) It's going to be difficult to ensure that the 'Orb' device can't be hacked and allow bad actors to send a bunch of random codes to signup for a Worldcoin.

2) If there are bogus signups how do you deal with reconciliation when there are ID collisions?

3) It's going to take many years for this to get a critical traction and to deploy coins to individuals.

4) The value of this coin will be extremely small when it's divided amongst the world's population. Assuming it's spent shortly after it is received, this money will just flow back to the owner's of capital anyways.

have_faith - @have_faith 5 days ago

Price of eyes on the black market skyrockets, coroners and morticians start driving around in lambos.

md8 - @md8 5 days ago

Privacy by Design! - We use biometric identification to ensure a fair launch.

So collecting fingerprints and iris scans, Privacy by Design?

lvl100 - @lvl100 5 days ago

Imagine you sitting on incredible wealth by just being in SV over the past two decades.

And then you come up with this garbage.

kfprt - @kfprt 5 days ago

> Launching a new global currency by giving a share of it to every human on earth

A share of nothing is still nothing.

mediocregopher - @mediocregopher 5 days ago

A similar project here: https://www.proofofhumanity.id/

They don't solve the proof-of-humanness problem via biometrics, it's more of a web-of-trust kind of thing. Probably also broken as hell, but this is a hard problem being solved in new ways so that's expected.

rokobobo - @rokobobo 5 days ago

I don’t even think this is satire. This feels like the kind of made up stories that children come up with (and place themselves at the center of).

__alexs - @__alexs 5 days ago

What if you don't have eyes?

beecafe - @beecafe 5 days ago

What stops an Orb Operator from just opening up the Orb and publishing random hashes? Assuming that "privacy is preserved" and the hash can't be turned back into an iris, there should be no way to tell.

sodimel - @sodimel 5 days ago

This home page have a score of 29 bullshit[0], nice one!

[0]: Bullshit.js − https://mourner.github.io/bullshit.js/

mcgingras - @mcgingras 5 days ago

The thing about these "drops" is people will liquidate them into real currency as quickly as possible. If the goal is to distribute a currency to as many people as possible (so everyone has a piece of the currency to use) then you have to remove any possible off ramps. But, then you run into the problem of nobody _actually_ being interested in the coin since it has "no real value" (can't trade it for USD)

sfe22 - @sfe22 5 days ago

I also had a similar coin/currency idea to share with every human equally, but could not come with a good plan to distribute it, besides after carefully thinking this would not be truly necessary, because if people are free, productive ones will quickly make money, even if they start with zero. A bigger problem might be land and other world resources that are not currently being equally distributed.

everlost - @everlost 5 days ago

Interesting project, but many open questions:

1. Are the coins allocated to each user lumpsum, or on a fixed schedule?

2. How can privacy be protected when converting coins into fiat currency?

3. Why would anyone trade these coins, when they can simply get their own freshly issued?

3. How can the coins have any value when nobody trades them?

kangnkodos - @kangnkodos 5 days ago

There have been studies which start with giving everyone the same amount of money, and then simulating random transactions. In a very short amount of time, one person ends up with 95% of the money.

When it is run different times, a different random person ends up being the one rich person. But it never ends up with everyone having about the same amount of money.

99112000 - @99112000 5 days ago

I am definitely hacking this. Thanks

0xBA5ED - @0xBA5ED 5 days ago

Let me guess: Nobody has access to the data because it is encrypted from literally everyone so there will never be any conflicts of interest ever, right?

pikwip - @pikwip 5 days ago

Is there any evidence that a user can't get a new wallet for every pair of novelty contact lenses they buy?

leppr - @leppr 5 days ago

Sorry for the meta post, but it's quite funny how HN's legendary skepticism towards cryptocurrency manages to get even Sam Altman's project flagged on his own (former) board.

asjdflakjsdf - @asjdflakjsdf 5 days ago

The idea of a fairly distributed world coin is fascinating, and something I would absolutely love to see.

Unfortunately, from reading that webpage, I don't think "Worldcoin" sounds like a very promising application of the concept.

w-m - @w-m 5 days ago

Start working on a way to print uniquely patterned contact lenses now, to be ready at launch. Even thisisnotaniris.com is still up for grabs, have fun with your infinite number of tokens!

luckystarr - @luckystarr 5 days ago

Nice. This means I can create as many accounts as I dare, right? I just need to create fingerprints that are used for identifying an "eye".

chaostheory - @chaostheory 5 days ago

The main reason more people aren’t using crypto is because transactions are slow and expensive. This doesn’t solve either of those problems.

hereme888 - @hereme888 5 days ago

This is ridiculous.

bla15e - @bla15e 5 days ago

Absolutely horrifying, just in time for Halloween

xx511134bz - @xx511134bz 5 days ago

I wonder if eye-scanning hashes can handle Lasik / PRK

jagger27 - @jagger27 5 days ago

> Help us give Worldcoin to over a billion people. Get rewarded for every user you sign up.

Come on guys.

rvz - @rvz 5 days ago

Free coins for scanning your face on a blockchain and it will be there forever? Absolutely no thanks and no deal.

This is a definitive edition ponzi scam.

epa - @epa 5 days ago

"Nothing like this has ever been done before" See bitcoin

hnechochamber - @hnechochamber 5 days ago

dont worry folks im here to save the world with my crypto currency.

lifeformed - @lifeformed 5 days ago

Could you fake multiple identities with eye modifications?

esnard - @esnard 5 days ago

How does the Orb handle people who lost their eyes?

yownie - @yownie 5 days ago

Nope!Nope!Nope!........................Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!Nope!

TigeriusKirk - @TigeriusKirk 5 days ago

The vision here is a first step toward a global UBI. If you're going to give everyone an income, you first need to know that each account is a real person. That's essential.

So this is a way to get there. I'm sure it will have glitches and hitches. That's fine, this is how you work it all out, by taking practical real-world actions.

The vision here is huge. Ultimately a complete transition of the global economy.

Will it get there? No idea. But I'm very, very excited to see someone working on it.

nynx - @nynx 5 days ago

What sci-fi book is this from?

f38zf5vdt - @f38zf5vdt 5 days ago

Broken link for me, but you can see the original page here.

https://web.archive.org/web/20211021151209/https://worldcoin...

908087 - @908087 5 days ago

I sincerely hate everything about the direction the tech industry is taking society in, and it makes me feel like it may be time to stop being a part of that industry even after giving the last 35 years of my life to it.

seibelj - @seibelj 5 days ago

Wow it looks like YC / HackerNews is going all in on cryptocurrency! Congrats YC team!

For readers - a Senior Blockchain Engineer position is available! https://worldcoin.org/job/4001608004 HNers - apply now!

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