Sam Altman Wants To Scan Your Eyeball in Exchange for Cryptocurrency

Sam Altman has a new startup that intends to give a special type of cryptocurrency to every person on earth. But first, it wants to scan everybody's eyeballs. From a report: Altman, the former head of the Silicon Valley business incubator Y Combinator, is one of three founders of the company Worldcoin. Among the many parts of its plan, Worldcoin has designed an orb-shaped device that would scan a person's iris to construct a unique personal identifier. The company is backed by Andreessen Horowitz, the venture capital arm of Coinbase Global Inc., LinkedIn founder Reid Hoffman and Day One Ventures. It recently raised about $25 million from investors.

Altman, 36, said in an interview that he conceived the idea in late 2019. The intention was to use cryptocurrency to spread money around equitably, inspired by the trendy economic theory known as universal basic income. Altman was the first investor in Worldcoin but said he has no role in day-to-day operations and mainly serves as an adviser to the company when needed. 'I've been very interested in things like universal basic income and what's going to happen to global wealth redistribution and how we can do that better,' Altman said. 'Is there a way we can use technology to do that at global scale?'

Read more of this story at Slashdot.