Altman, 36, the former president of Y Combinator, cofounded the company whose intention is to use cryptocurrency to spread money around to every person on earth, inspired by the economic theory known as universal basic income. To do that, Worldcoin has developed a basketball sized device that scans a person’s iris to create a unique personal identifier for each person. The company aims to help economies transition to cryptocurrencies "through a novel approach: a dedicated hardware device ensuring both humanness and uniqueness of everybody signing up, while maintaining their privacy and the overall transparency of a permissionless blockchain.". Pretty ambitious, this could give Bitcoin a run for it's money. Link
