Chances are that I've already written a blog post about Worldcoin because these so-called crypto projects perfectly fit my favorite type of posts—conspiracy theories turned into facts. But, regardless, I'm going to write another one.
Why? Because Worldcoin's mainnet has launched, and its native cryptocurrency, WLD, is already listed on several exchanges. As expected with new listings, this controversial shitcoin has experienced a significant pump of around 80% in a day, followed by the almost predictable dump.
So, what exactly is Worldcoin? Well, it's a project created by Sam Altman, the creator (co-founder) of OpenAI (cough ChatGPT). Their aim is to scan the retinas of one billion people over the course of a few years, creating digital identities for these retinas that will serve as online identities, protecting them against AI impersonators and also acting as a wallet.
“Worldcoin consists of a privacy-preserving digital identity network (World ID) built on proof of personhood and, where laws allow, a digital currency (WLD). Every human is eligible for a share of WLD simply for being human.“
The project raised $115 million in funding in May of this year and has already managed to scan 1.7 million people's retinas from across the globe, especially third-world countries citizens. But, what are its tokenomics as a crypto project?
Well...
According to its tokenomics, the token has an initial supply of 10 billion, with 75% allocated to its community, 9.8% to the development team, and 13.5% to Tools for Humanity investors.
Early community members, over 2 million people who have been verified, were allocated over 43 million WLD tokens.
Blockchain analytical firm 0xScope stated that the Worldcoin airdrop has begun with more than 90,000 addresses eligible, and most can only claim around 25 WLD tokens each.
For anyone who willingly let their retina be scanned to create a digital ID with Worldcoin, there's a 25 WLD airdrop waiting to be claimed. At the time of writing, one WLD is valued at $2.22, making the airdrop worth around $50 in crypto, all in exchange for giving away "a hash of your retina" to an AI-driven company...
Seems like a good deal, huh? Well, for those who conjured these WLD coins out of thin air, it certainly is, but for the fools who sacrificed their privacy, it's a terrible move. The only "true winners" in this shit show are those who orchestrated the scanning campaign and developed the Orb (the iris scanning device), getting paid for each person they convinced to undergo the retina scanning process.
Impressive, I must say... But count me out. I wouldn't be part of anything like this, even if they offered me a million bucks. I highly doubt I'll be renewing my ID or driver's license if they plan on microchipping those physical IDs they're supposed to issue. What about you? Would you let Worldcoin scan you in exchange for $50 worth of crypto?
Thanks for your attention,
Adrian
Posted Using LeoFinance Alpha
I'm a hard "NO!" on this one. Chances are it'll turn out the funding came from Blackrock or the CIA and everyone's data will be fed through to the people running the surveillance society.
How long before retinal scans get tied to criminal records and social credit scores, and every train and bus is equipped with retinal scanners ? They'll take your digital money at the same time as telling you you're not authorised to travel because you posted a now-unacceptable meme twenty years ago.
This... Few see it from such an angle.
In a way I still have some hope for humanity, because the Nobel prize was instituted by Alfred Nobel as an act of contrition after he realised how awful his invention was, even if it's become politicised in recent years. Oppenheimer seems to have regretted what he made.
It's definitely an issue with scientists and inventors; they're to quick to ask "can we ?" and not quick enough to ask "should we ?"
As for drones, my concern is when they mix drone swarms with AI. There was a recent USAF simulation (which they seem to have tried to downplay) where the AI worked out that it's human operator was hindering it's mission so "killed" him - https://www.theguardian.com/us-news/2023/jun/01/us-military-drone-ai-killed-operator-simulated-test
Too bad the masses are so asleep.
Same, no thanks. I could strongly consider living in the forest if this catches on.
It's probably just a ponzi...
Or a social experiment. Just checking how many people would give up their privacy for a KFC coupons or whatever they give in return for this nonsense.
I prefer the reputation on Hive 100 times out of 100 over the retina scan. I mean the personal rep we build by talking to each other, not the number based on rewards, but even that one over retina scan. I'm strongly against KYC for multiple reasons, retina scan is next-level KYC.
Great answer.
https://leofinance.io/threads/acesontop/re-leothreads-3bzpanqay
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I hope it is not :))
Good analogy ;)
I'm not excited about such "normalcy".