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# teej presents: World Coin | The Standup

**[ThePrimeTime](https://daily.dev/sources/primeagen)** · 61 min read · 0 upvotes · 0 comments

## Summary

Worldcoin is a cryptocurrency project founded by Sam Altman that scans users' irises with a device called "the orb" to create unique digital identities (World IDs) for proof of personhood. The project has scanned over 17.5 million people globally, often in lower-income countries, offering small amounts of cryptocurrency in exchange for biometric data. While marketed as a solution to AI-generated bots and a pathway to universal basic income, the project raises significant privacy concerns, operates through a multi-level marketing-style referral system, and has attracted hundreds of millions in venture funding despite unclear monetization plans and questionable ethical practices.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.youtube.com/watch?v=vbmcHjZWI_U>

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Tags: [#crypto](https://daily.dev/tags/crypto), [#openai](https://daily.dev/tags/openai), [#blockchain](https://daily.dev/tags/blockchain)

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