>I think it will fail, because they are solving the problem that does not exist
Admittedly I never bothered to read about it but the problem they are solving is purely the distribution. Currently there's just no way to do a fair distribution where everyone gets equivalent amounts of it except perhaps with KYC but then they have to store way more personal data.
I'm much more comfortable with someone having a hash based on my biometric data than having my passport and other details.
> I'm much more comfortable with someone having a hash based on my biometric data than having my passport and other details.
Same here. My point is - fair distribution is just a means to achieve a goal of "more equality". As a mean it is an equivalent of giving man a fish instead of teaching him how to fish. At most a PR stunt.
Well a passport can always be faked. If the world became a totalitarian dystopia and you were a freedom fighter that had to elude detection, you can always use a fake passport. Faking biometrics is much harder if they already have your data.
Yes. It’s very good for the project (and the NSA), not so great for users. I’m responding to the comment that prefers to give biometric data to some random private company
Admittedly I never bothered to read about it but the problem they are solving is purely the distribution. Currently there's just no way to do a fair distribution where everyone gets equivalent amounts of it except perhaps with KYC but then they have to store way more personal data.
I'm much more comfortable with someone having a hash based on my biometric data than having my passport and other details.