Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Spain orders Sam Altman's Worldcoin to shut down eyeball-scanning orbs due to privacy concerns (arstechnica.com)

submitted 4 months ago by ForgottenFlux to c/[email protected]

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Spain has moved to block Sam Altman’s cryptocurrency project Worldcoin, the latest blow to a venture that has raised controversy in multiple countries by collecting customers’ personal data using an eyeball-scanning “orb.”
Worldcoin has registered 4 million users, according to a person with knowledge of the matter. Investors poured roughly $250 million into the company, including venture capital groups Andreessen Horowitz and Khosla Ventures, internet entrepreneur Reid Hoffman and, prior to the collapse of his FTX empire, Sam Bankman-Fried.
“I want to send a message to young people. I understand that it can be very tempting to get €70 or €80 that sorts you out for the weekend,” España Martí said, but “giving away personal data in exchange for these derisory amounts of money is a short, medium and long-term risk.”
Sharing such biometric data, she said, opened people up to a variety of risks ranging from identity fraud to breaches of health privacy and discrimination.

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[–] [email protected] 2 points 3 months ago

You're thinking of Mtgox, a Magic card trading website that reinvented itself as a Bitcoin exchange—and then disappeared with its users' money.