Worldcoin Fails To Get Injunction Against Spain's Privacy Suspension (techcrunch.com) 9
Controversial eyeball scanning startup Worldcoin has failed to get an injunction against a temporary suspension ordered Wednesday by Spain's data protection authority, the AEPD. TechCrunch: The authority used emergency powers contained in the European Union's General Data Protection Regulation (GDPR) to make the local order, which can apply for up to three months. It said it was taking the precautionary measure against Worldcoin's operator, Tools for Humanity, in light of the sensitive nature of the biometric data being collected, which could pose a high risk to the rights and freedoms of individuals. It also raised specific concerns about risks to minors, citing complaints received.
Today a Madrid-based High Court declined to grant an injunction against the AEPD's order, saying that the "safeguarding of public interest" must be prioritized. As we reported Friday, the crypto blockchain biometrics digital identity firm shuttered scanning in the market shortly after the AEPD order -- which gave it 72 hours to comply. Today's court decision means Worldcoin's services remain suspended in Spain -- for up to three months.
Today a Madrid-based High Court declined to grant an injunction against the AEPD's order, saying that the "safeguarding of public interest" must be prioritized. As we reported Friday, the crypto blockchain biometrics digital identity firm shuttered scanning in the market shortly after the AEPD order -- which gave it 72 hours to comply. Today's court decision means Worldcoin's services remain suspended in Spain -- for up to three months.
It's a dumb idea anyway (Score:2)
Anyone who has ever played a game of Monopoly knows that even if you distribute money in a fair manner initially, wealth naturally becomes concentrated.
Re: It's a dumb idea anyway (Score:1)
Re: (Score:2)
> and what seems natural would probably look at a lot different.
It would not. It's in the nature of open unregulated competition systems that any random initial advantage produces a power imbalance that accumulates more and more resources in fewer hands. "Money attracts money". The only way to fight back in such systems is survival of the fittest, accumulating enough of your own and extinguishing those who can't cope.
It takes an active constant redistribution effort to take a part of the accumulated reso
Re: It's a dumb idea anyway (Score:1)
I was thinking about the choice of using an unregulated competition system itself being the unnatural part. It's a pedantic line of thinking, I guess.
When I was writing that, I was thinking about network optimization during peak usage periods. The random nature of people isnâ(TM)t known to be predictable in many useful ways that lend towards optimizations, if I understand it correctly. And if I recall correctly, stock markets were thought to be similarly unpredictable until the 70s, although I guess ec
Kicked out (Score:5, Informative)
How many countries has Sam Altman and his traveling snake oil cart been kicked out of now? I know Kenya kicked him out for failing to adhere to their pause on his shitcoin eye-scanning scam.
This is the guy who's in charge of the future of AI, by the way.
Re: (Score:2)
crypto blockchain biometrics digital identity firm
That tells you all you need to know about this business. Avoid.