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Speaker 1: Because here's the problem that programmable money creates. If our money's digital and it

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Speaker 1: has rules, you need a way to enforce the rules on the right person. You're not an AI behind

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Speaker 1: some deepfake, which means the money part and the identity part have to be connected. Sam

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Speaker 1: Altman's company, they launched it as a solution to a real problem. How do you prove that

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Speaker 1: you are a human being in a world full of AI? And the answer he came up with is scan your

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Speaker 1: eyeball, get a credential, and use it everywhere. Tinder uses it so that you know your

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Speaker 1: match is real. DocuSign uses it so that contracts are tied to verified human beings. Zoom

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Speaker 1: uses it so you know that the person on the other side is not a deepfake. The dangerous part

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Speaker 1: about it, though, is that you're giving a private company a biometric signature that is

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Speaker 1: unique and irreplaceable. With a password, for example, you could change it any time. You

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Speaker 1: can get a new credit card, but you can't get a new set of eyeballs. And once the data

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Speaker 1: exists, it can be subpoenaed, hacked, or even sold. And the company's privacy policy today

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Speaker 1: does not guarantee what happens to your data in 10 years. And biometric collection is not

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Speaker 1: just coming from World ID. You might have noticed that every time you travel, you get your

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Speaker 1: biometrics taken. Things like fingerprints and facial recognition. That's already the

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Speaker 1: standard at most international borders.