Part 5/9:
Scott raises critical concerns about the commitment of BRICS nations to maintain a gold standard without inflation or corruption, reflecting on historical patterns where such monetary systems eventually disintegrate. He expresses skepticism regarding CBDCs and commodity-backed stable coins due to the potential for these systems to replicate the issues seen in centralized financial models.
Worldcoin: A Step Towards a Universal Income or Privacy Infringement?
OpenAI's Worldcoin aims to create a universal basic income (UBI) facilitated via human verification through eye scans. While Scott acknowledges the ambitious nature of this initiative, he emphasizes the deeply concerning implications of biometric data collection, which may lead to unprecedented privacy invasions.