You thought credit card skimmers and SS fraud were bad.. I'm going to take my black-market orb to time square and start collecting identities..
But seriously, I get the feeling software people just assume hardware is infallible somehow? Hardware-centric blockchains are extremely sensitive to Sybil attacks. Somewhere in that glorified iPhone of an Orb, there's a sensor sending a plaintext 'yes this is a valid iris, proceed' message. Now the validity of your blockchain is based in the physical security of a device..which you're distributing to contractors worldwide?
In that case all you're doing is creating wallets and minting worldcoins into them for people. You can't access them unless you have their eyes(and their willingness to comply).
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You thought credit card skimmers and SS fraud were bad.. I'm going to take my black-market orb to time square and start collecting identities..
But seriously, I get the feeling software people just assume hardware is infallible somehow? Hardware-centric blockchains are extremely sensitive to Sybil attacks. Somewhere in that glorified iPhone of an Orb, there's a sensor sending a plaintext 'yes this is a valid iris, proceed' message. Now the validity of your blockchain is based in the physical security of a device..which you're distributing to contractors worldwide?
These 2 statements (from the sidebar) are utter opposites:
In that case all you're doing is creating wallets and minting worldcoins into them for people. You can't access them unless you have their eyes(and their willingness to comply).