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Earlier attempts before bitcoinEven before bitcoin came into being, several digital cash technologies were released with David Chaum’s e-cash being the first in 1980s. In fact, the very idea that solutions to computational puzzles could have some value was first proposed by cryptographers Cynthia Dwork and Moni Naor in 1992. Digital Currencies Roadblocks from policy is one risk to Worldcoin. Not scaling quickly enough is a risk to Worldcoin. More missteps in the field, like the ones highlighted in the MIT Technology Report, pose another risk. Or a potential breach of iris data. Or a failure of the tokenomics. Or an erosion of trust that kneecaps future signups. Or logistical challenges for bringing the Orb into trickier corners of the world. Or tech and manufacturing glitches. Or revelations that the Orbs have somehow been compromised. (As Buterin noted, “the Orb is a hardware device, and we have no way to verify that it was constructed correctly and does not have backdoors.”)

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