5 ms·
Worldcoin is simply another pre-mined, VC backed shitcoin - albeit worst because they’re building a biometrics database. - VCs dump money in (SBF, a16z, etc)
by unboxingelf 3y ago
Worldcoin is simply another pre-mined, VC backed shitcoin - albeit worst because they’re building a biometrics database.
- VCs dump money in (SBF, a16z, etc)
- 25% of the coins are kept for the founders + investors
How many times do people have to get burned on these scams?
Obviously Sam has some street cred with the govt else they would have pulled him infront of congress like when zuck tried to launch Libre.
- jcpham2 3y agoThis comment is accurate and should be at the top
- deleted 3y ago[deleted]
- lern_too_spel 3y ago> Obviously Sam has some street cred with the govt else they would have pulled him infront of congress like when zuck tried to launch Libre. He got around US regulations by not making it available in the US. No street cred required.
- jondwillis 3y agoThere are iris scanning stations across the US and there is no way to geographically limit who and what holds WLD. What does not available mean here? Not available on centralized US-based exchanges?
- lern_too_spel 3y agoIt means Tools for Humanity is neither based in the US nor offering the coin in the US. The US cannot control what that company does in other countries. The US can control what Meta does in the US.
- foobiekr 3y agoIf they didn't seem so stupid, you'd think the biometrics collection thing was the point, but I actually think they're just so dumb it's not even that sophisticated a scam.
- jprete 3y agoIt’s possible the biometrics are to give the impression that it’s more strongly tied to you individually, even when they state things that make that impossible. I.e. the fine print says “the key is the only proof of ownership” but the buzz says “digital wallet secured by spy movie tech”.
- tjrgergw 3y agoThe point is obviously not the biometrics. The point is A) buy low (at zero) and B) sell high. Everything else is just a marketing ploy to get to B.
- araes 3y agoThe tinfoil hat part of me says its like the "identify the stoplights" challenges. We'll introduce this idea that sounds really tech, and hype. Maybe imply its so difficult that computers could never compete with humans. We'll say its about improving security, and most humans will get a vague comforting feeling from the idea that there's some security feature, even if they find it kind of annoying to interact with. Five years later, we say "surprise, it was really about training an eyeball recognition database that we can sell. Just like the image recognition datasets." I do not even kind of believe these people are dumb.
- 93po 3y agoWC isn’t doing any of the traditional shitcoin behavior. They ban discussion about price speculation. There’s no pre-sales. There’s no sales at all until the coin actually launches. One of the major premises of worldcoin is UBI - literally giving money away. I genuinely believe Sam Altman started WC with others for altruistic reasons
- rideontime 3y agoNot giving money away, giving "worldcoin" away, whatever the hell that is.
- 93po 3y agoThis doesn’t seem like a good faith argument
- rideontime 3y agoIt's not an argument, it's a correction.
- tourmalinetaco 3y agoAnd you seem rather biased to the opposite, so it all evens out.
- mplewis 3y agoWhy not? Worldcoin is a shitcoin until you prove it has value.
- curiousllama 3y ago> Obviously Sam has some street cred with the govt else they would have pulled him infront of congress like when zuck tried to launch Libre. Quite the opposite. Congress usually doesn’t give a shit until something is actually relevant to politics. They don’t care about weird VC grifts
- jrflowers 3y agoMight as well call him Sam Altcoin