On a recent Bankless interview, Sam Altman and Alex Blania we’re hosted and specifically asked about the details of WorldCoin’s token distribution. Everyone is understandably mad and suspicious at their response, which was: “Look, many of the details we can’t talk about here for the regulatory uncertainty in the United States.”. This ignited a ton of distrust. Twitter users are now afraid this might lead to a scary big brother scenario - a reference to the book 1984 which tends to talk about what the world will be like today.
The Twitter user (@Pledditor) posted:“When a crypto founder refuses to answer questions about token distribution🚩🚩🚩”
Not to mention how most ponzi schemes start exactly like this. How are we trusting the CEO of an ai program? An ai program that isn’t even the best ai program? One that doesn’t even support connecting to the internet? What qualifies a CEO of any company to control the world through a crypto that’ll aim to make everyone sheep?
It had also seemed that Worldcoin had exploited 250,000 poor people to gain their first set amount of users onto their biometrics database. Not to mention a massive lie in their very own white paper which says “we aim to distribute coins equally to everyone” - it now turns out that investors and project founders had received 20% of the token’s supply. This was probably why they hadn’t even wanted to go onto the tokenomics of the token. It would’ve revealed that they wouldn’t be distributing tokens equally and that they own a solid 50 MILLION DOLLARS of the token’s market cap at the valuation of time of writing.
Worldcoin also sits at #117 on the coin market cap website.
Isn’t it peculiar that only 1% of WLD is actually in circulation? The rest is in wallets.
The inventor of Ethereum, Vitalik, fears that Worldcoin could capture much more data than meets the eye, including a person's sex, ethnicity and even certain medical conditions through their eye scanning tech. (The eyes reveal a lot)
This is the end of this story. I hope you’ve learnt a lot and stay tuned for more interesting posts.
I’m now publishing extended versions of these blogs over at https://create0x.boards.net for everyone to see - P.S it’s free.
