Swetlana AI

Category: Crypto

  • Sam Altman & The Orb

    Sam Altman & The Orb

    Sam Altman has a new idea, and it’s potentially not any less dystopic than his previous one. His logic: now that AI has become widespread, we’ll need a universal verification — to tell humans apart from robots. This is why you’re now (theoretically) able to scan your biometrics using a weird thing called “The Orb” (was that kind of device even necessary?), and get your unique “World ID“. So far so good. Then there’s also the so-called “WorldCoin”, which is already being traded on Binance. To me this looks like a bridge between AI and Web3, and I have mixed feelings. But also a slight FOMO.

    (Source)

    Sam Altman's Orb helps verify your identity so you can get your WorldID.

    First we create AI. Then we create a global registry for real people, to solve problems that AI will increasingly create. Sounds like fun! On GoogleTrends, the graph is going up as we speak.

    And what are those megalomaniac sci-fi terms… WorldID? The Orb? Not sure if I’m creeped out or excited about this, but I will probably buy some of those coins. At the time of writing only Binance seems to be listing WorldCoin (plus a handful lesser known platforms).

    Oh, almost forgot: Along with the above mentioned inventions, Sam Altman also has proposed the concept of — ta daa — universal basic income. Now this is something that’s been a big topic in Berlin, and probably in the rest of Germany too, for years already.

    Anyway, here are the infos:

    WorldCoin on Coinmarketcap

    World ID Website

    WorldCoin

    WorldCoin is a cryptocurrency project developed by Tools for Humanity, a company co-founded by Sam Altman, who is also the CEO of OpenAI. The project was founded in 2019 and is backed by venture capital firm Andreessen Horowitz.

    The goal of WorldCoin is to create a more unified and equitable global economy driven by the internet. The WorldCoin token (WLD) is a Layer 2 Ethereum-based cryptocurrency that leverages the security of the Ethereum blockchain while having its own economy. However, as of the information available, it is not available in the USA.

    WorldCoin aims to provide a reliable way to authenticate humans online, to counter bots and fake virtual identities facilitated by artificial intelligence. This is achieved through a system called World ID. Users are incentivized to join the network by getting their iris scanned using Worldcoin’s orb-shaped iris scanner.

    The project has raised significant funding, with an initial $25 million raised in 2021, followed by an additional $100 million within six months, pushing the token’s value up to $3 billion. Further funding of $115 million was announced in May 2023.

    However, WorldCoin has faced controversy. A report from MIT Technology Review in April 2022 highlighted Worldcoin’s controversial practices in low-income countries, suggesting that Worldcoin takes advantage of impoverished people to grow its network. In May 2023, TechCrunch reported that hackers had been able to steal login credentials of several of Worldcoin’s operators’ personal devices, including their credentials to the Worldcoin operator app. Worldcoin’s spokesperson said that no personal user data was compromised because the operator app does not access user data.

    Tools For HumanitY

    Tools for Humanity is a company co-founded by Sam Altman, Max Novendstern, and Alex Blania. The company is based in San Francisco and Berlin. It is known for developing Worldcoin, an iris biometric cryptocurrency project. The goal of Worldcoin is to create a more unified and equitable global economy driven by the internet.

    One of the key features of Worldcoin is its system called World ID, which aims to provide a reliable way to authenticate humans online. This is intended to counter bots and fake virtual identities facilitated by artificial intelligence. Users are incentivized to join the network by getting their iris scanned using Worldcoin’s orb-shaped iris scanner.

    The company has raised significant funding for its project. In 2021, it raised an initial $25 million, followed by an additional $100 million within six months, pushing the token’s value up to $3 billion. Further funding of $115 million was announced in May 2023.

    UBI / Universal Basic Income

    Sam Altman, the CEO of OpenAI, is known for his support of the concept of Universal Basic Income (UBI). He believes that as automation and AI continue to advance, there will be a need for a system that ensures everyone has a basic level of income. This belief is reflected in his cryptocurrency project, Worldcoin.

    As of July 2023, Worldcoin has officially launched. The project has been met with both interest and controversy due to its unique approach to digital identity and the potential implications for privacy and security. Some reports highlight the project’s potential for massive economic implications, particularly if it were to be used as a mechanism for implementing UBI.

    Although while Altman has expressed support for UBI, Worldcoin does not currently provide a basic income. The cryptocurrency is distributed to users who sign up and verify their identity, but it is not guaranteed or regular income. The potential for Worldcoin or a similar system to be used to implement UBI is a topic of speculation and debate.

    Any thoughts? Feel free to leave a comment.

  • The Future is Crypto: Why Teaching Kids About Cryptocurrency Matters

    Cryptocurrency has taken the world by storm, and many people are now starting to see its potential. However, one group that seems to be left out of the conversation is children. While it may seem like a complicated topic, teaching kids how cryptocurrency works is essential. In this article, we’ll explore the importance of teaching kids about crypto and how to get started.

    Cryptocurrency is the Future
    Cryptocurrency is the future, and it’s not going away anytime soon. As the world becomes more digitized, we’re seeing a rise in digital currencies, and it’s only a matter of time before they become the norm. By teaching kids about cryptocurrency, we’re preparing them for the future.

    Understanding How Money Works
    One of the most important things kids can learn is how money works. Cryptocurrency is an excellent way to teach them about this topic, as it’s a different type of currency than what they’re used to. They can learn about how it’s created, how it’s transferred, and how it’s stored. This knowledge can help them understand the value of money and how to manage it.

    Developing Critical Thinking Skills
    Cryptocurrency can be a complicated topic, but it’s also an excellent way to develop critical thinking skills. By learning about cryptocurrency, kids can learn how to evaluate information and make informed decisions. They’ll also learn about the risks involved and how to mitigate them.

    Introducing Them to Technology
    Cryptocurrency is a digital currency, which means it’s closely tied to technology. By teaching kids about cryptocurrency, we’re introducing them to technology in a meaningful way. They’ll learn about how blockchain technology works, which is the backbone of cryptocurrency. This knowledge can help them become more tech-savvy and better prepared for the future.

    Encouraging Entrepreneurial Spirit
    Cryptocurrency is a relatively new industry, and there’s a lot of potential for entrepreneurs. By teaching kids about cryptocurrency, we’re encouraging an entrepreneurial spirit. They can learn about how to invest in cryptocurrency, how to start their own crypto business, or even create their own cryptocurrency. This knowledge can help them become more financially independent and successful in the future.

    Getting Started

    If you’re interested in teaching your kids about cryptocurrency, there are a few things you can do to get started. First, start by explaining the basics of cryptocurrency, such as what it is and how it works. You can also use resources such as books, videos, or online courses to help them learn more.

    Another way to get started is by allowing them to invest in cryptocurrency. While this may seem like a risky move, it can be a great way for them to learn about investing and managing money. Just make sure to set clear rules and boundaries, and supervise their investments closely.

    Book about crypto for kids:

    If you’re looking for a fun and engaging way to introduce your kids to the world of cryptocurrency, look no further than “Crypto For Kids” by Swetlana AI. This book is an excellent resource for parents who want to teach their children about cryptocurrency, blockchain technology, and the importance of financial literacy.

    Written by Swetlana AI, “Crypto For Kids” is a comprehensive guide that takes complex topics and presents them in an easy-to-understand format that’s perfect for kids. The book covers everything from the basics of cryptocurrency to how to invest in it, making it a great resource for kids of all ages.

    One of the things that make this book stand out is its interactive approach. The author uses games, quizzes, and activities to help kids learn and engage with the material. This approach makes learning about cryptocurrency fun and exciting for kids, and it’s a great way to keep them interested and motivated.

    Another great thing about “Crypto For Kids” is that it’s designed with both kids and parents in mind. The book includes a glossary of terms, so parents can learn alongside their kids. It also provides tips and advice on how to talk to your kids about cryptocurrency and how to keep them safe while investing.

    Conclusion

    Teaching kids about cryptocurrency is essential for their future success. It can help them understand how money works, develop critical thinking skills, become more tech-savvy, and encourage an entrepreneurial spirit. By introducing them to cryptocurrency, we’re preparing them for the future and giving them the tools they need to succeed.