What's wrong with Worldcoin?

Additionally, there are worries that the iris scans might be sold to third-party entities, who could then exploit them for various purposes, ranging from targeted advertising to more sinister intentions. Such fears stem from past instances where personal data has been commoditized and traded without proper consent or safeguards.

Worldcoin asserts that the biometric data collected through its orbs undergoes a rigorous process of deletion once converted into cryptographic code. This claim aims to alleviate privacy concerns by ensuring that sensitive information is not stored indefinitely.

Despite these reassurances, the history of data mismanagement by Silicon Valley corporations has cast a shadow over the public's trust. Instances of data breaches and unauthorized sharing have left many wary of entrusting their personal information to tech companies.

In particular, the use of iris scans in the Worldcoin project has sparked concerns about potential misuse. Some fear that these biometric identifiers could be leveraged for surveillance purposes, allowing unauthorized parties to monitor individuals' movements and activities.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of the digital asset community. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, enabling investors to speculate on future price movements.