Bitcoin Version 2 only for conscious living individuals

One such project, Worldcoin, aims to revolutionize how global financial systems operate by introducing a new digital currency accessible to everyone on the planet. The key innovation behind Worldcoin is the use of biometric data, specifically iris scans, to create a unique identifier for each individual. This method intends to prevent fraud and ensure that the distribution of this digital currency is equitable. However, this approach raises significant concerns regarding privacy and the potential for misuse of biometric data. Critics argue that collecting sensitive information on a global scale could lead to increased surveillance and infringement on individuals' rights and freedoms. Moreover, the feasibility of implementing such a universal system faces considerable obstacles, including navigating complex regulatory environments and securing vast amounts of personal data against breaches.

Another noteworthy proposal focuses on addressing the centralization of money by proposing a fork of Bitcoin that would limit wallet creation to one per physical entity, verified through national identity numbers or other biometric methods. This initiative aims to democratize financial power by ensuring that only living, conscious individuals can own and transact in this new form of Bitcoin, thereby excluding institutions. It suggests a mechanism where institutional Bitcoins could be transferred into personal wallets, with limits set to prevent excessive accumulation by any single entity. Unclaimed Bitcoins within a certain period would be made available for mining, supporting the goal of reducing wealth inequality. This proposal also considers the technical and ethical challenges of implementing such a system, including the reduction of anonymity and the reliance on biometric verification methods that respect individuals' privacy and autonomy.

Both these discussions highlight the ongoing debate within the tech community about how best to leverage blockchain technology and digital currencies to create a more inclusive and equitable global financial system. While the ambition behind these projects is commendable, they underscore the need for careful consideration of the privacy, security, and ethical implications of using personal data, especially biometric identifiers. As these technologies continue to evolve, it will be crucial for developers, policymakers, and the broader community to engage in transparent discussions and collaborate on developing solutions that protect individual rights while advancing financial inclusivity.