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Worldcoin is getting hit from all sides. Following a popular launch in late July, critics from the crypto community and public sector alike are coming out in droves with concerns about privacy, data protection, and tokenomics. Worldcoin co-founder Alex Blania joins the show to address the recent criticism and reiterate the project\u2019s lofty goals. \u201cIt sounds crazy,\u201d he said, \u201cso you really need to understand the technology to understand why it\u2019s not concerning.\xa0\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nwhy Worldcoin believes in the idea of a universal basic income (UBI)\n\nhow World ID actually works, from the initial \u201corb\u201d scan to actually using the app\n\nAlex\u2019s comments on the rise of a black market for World IDs\n\nwhether Worldcoin is storing people\u2019s biometric data\n\nhow people don\u2019t really understand the nuances of getting their irises scanned and why it\u2019s fine that the \u201caverage person will not understand how crypto works,\u201d according to Alex\n\nwhether Worldcoin took into consideration the various regulations around the world\n\nwhat the purpose of the WLD token is\n\nwhy the project decided to launch the token with a low float\xa0\n\nhow Alex got convinced to join Worldcoin and become one of its leaders\n\nwhy Alex believes that Worldcoin will become a \u201cvery powerful technology\u201d that will be the main project for onboarding people to crypto\n\nThank you to our sponsors!\n\nCrypto.com\n\nArbitrum Foundation\n\nTOKEN2049\n\nGuest:\n\nAlex Blania, cofounder of Worldcoin\n\nPrevious appearances on Unchained: Is Sam Altman's Worldcoin the End of People's Privacy?\n\n\nLinks\n\nPrevious coverage of Unchained on Worldcoin: Why CoinFund Believes Worldcoin Could Become More Popular Than Bitcoin\n\n\n\n\nUnchained:\xa0\n\nWorldcoin Can Be More \u2018Widely Distributed\u2019 Than Bitcoin, CoinFund Executives Say\n\nWorldcoin Launches Token on Mainnet, Plans to Deploy 1,500 Eyeball Scanning Orbs\n\nIs Sam Altman's Worldcoin the End of People's Privacy?\n\nCoinDesk:\xa0\n\n\nWorldcoin Could Enable Wider Distribution of Crypto Than Even Bitcoin, Says CoinFund\xa0\n\n\n\nWorldcoin Releases Tokenomics, Report Geofenced for Some Countries\xa0\xa0\n\n\nThe Block: German authorities probe Worldcoin project over privacy: Reuters\n\n\nReuters: Kenyan government suspends activities of Worldcoin in country\n\n\nRest of World: Why are people lining up for Worldcoin eyeball scans? \u201cEasy $50,\u201d\xa0\n\n\nWhat do I think about biometric proof of personhood? By Vitalik Buterin\n\nMIT Technology Review: Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users\n\n\nOuriel Ohayon\u2019s video \n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices