Worldcoin & Universal Basic Income: AI's Economic Implications

 Exciting news! Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, is launching on Monday. Its core offering is the World ID, an account only real humans can get.

To get a World ID, customers do an in-person iris scan using the 'orb', a silver ball. Once the orb verifies they're real humans, it creates a World ID. The project already has 2 million users from its beta period.

With Monday's launch, Worldcoin is expanding 'orbing' operations to 35 cities in 20 countries. Users in certain countries will receive Worldcoin's cryptocurrency token WLD as an enticement.

The cryptocurrency aspect of World IDs preserves privacy and can't be controlled by any single entity. They could be vital in differentiating real people from AI bots online, especially in the age of generative AI like ChatGPT.

According to Altman, Worldcoin can also address economic implications of AI. He sees potential for Universal Basic Income (UBI) as AI replaces human work. Worldcoin's groundwork could help reduce fraud in UBI deployment.

Though UBI might be far in the future, Altman believes it's essential to start experimenting and figuring out ways to make it a reality. Worldcoin's innovative approach could be a step in the right direction.