What is Worldcoin?
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It looks to be a crypto coin with a futurist branding. At best it’s one of thousands of similar cryptocurrency that people are hoping takes off and becomes big. At worst it’s a scam. The whole “making sure you get paid for being human” bit sounds like a scam
Isn’t it Sam Altman’s pet project?
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Its a scam just like every crypto.
They hype it up, early adopters buy big and help spread the hype, then late adopters pay higher prices than the earlier adopters because of how the crypto market works (its basically the stock market for CS:GO players and Youtube Hipsters).
Then the early adopters sell at a much higher price because of late adopters, and the late adopters are left with a negative value on their purchases, thus being the fools of the scam.
Its not tied to anything real, so no one is going to buy in after the scam has been played unless the initial late adopters become the hype spreaders in an attempt to recoup funds, otherwise it gets left dead in the water the same as every other cryptocurrency that isn’t the big few.
Cryptocurrencies are never going to be mass adopted, similar to how the Metaverse was a gigantic flop following a massive advertising campaign and repranding of Facebook (the Metaverse being tied to its own crypto scam, and powered by the single worst development team on the planet).
Worldcoin is yet another flavor of Cryptocurrency
It is being marketed with a bent on futurism, privacy and identity with the intention of tying wallets to retinal scans or something similar. Which kindof defeats the point of Cryptocurrency being anonymous.
Like all cryptocurrencies it’s get rich quick scam
Early adopters have a chance of making decent payouts as the value of the coin gets inflated due to hype, leaving late adopters with nothing of value.
Cryptocurrencies are a great reminder of why banking laws exist. Many of the tools used to pump and create value in crypto have been illegal in financial markets for over a century for a reason.
…… A rugfest scam?
World coin is a project developed since 2019 by OpenAI Chief Sam Altmen. Focused on the concept to prevent bots and launch a proof of human ids by scanning the iris. Backed by big ventures. Their token $WLD is listed on major exchange like Binance OKX Bitget. On Bitget you can also stake WLD token for a good apr. But be cautious while investing in new projects.
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