4 ms·

you forgot the shitcoinery - there is a token, with a premine, unfairly distributed. the VCs that invested (SBF, a16z,etc) will benefit disproportionately. it’

you forgot the shitcoinery - there is a token, with a premine, unfairly distributed. the VCs that invested (SBF, a16z,etc) will benefit disproportionately. it’s a scam.

vvpan 3y ago
I cannot argue with bad token, premine - I have not researched but I believe it. "VC coins" in general have these issues it seems. Just trying to say that not every shitcoin is trying to get people to give them their biometrics, that is a separate issue in my opinion.
- unboxingelf 3y ago
  it’s the worst of both worlds.
93po 3y ago
There are legitimate reasons to premine, and creating a token with the intention of using it as a channel for UBI (literally giving money away) doesn't really scream "scam" to me considering the people backing it
- unboxingelf 3y ago
  why should Scam Altcoin control a centralized UBI system? sounds like a scam to me.
- c31931b 3y ago
  Backers [0] like a16z [1], Coinbase [2], Sam Bankman-Fried (SBF) [3], Three Arrows Capital (3AC) [4], Digital Currency Group (DCG) [5]? [0]: https://web.archive.org/web/20211021160923/https://worldcoin.org/about https://web.archive.org/web/20211021160923/https://worldcoin... [1]: https://twitter.com/KyleSGibson/status/1511065326624063501 https://twitter.com/KyleSGibson/status/1511065326624063501 [2]: https://www.sec.gov/news/press-release/2023-102 https://www.sec.gov/news/press-release/2023-102 [3]: https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Arrest_and_charges https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Arrest_and_c... [4]: https://www.bloomberg.com/news/articles/2022-07-11/three-arrows-founders-whereabouts-unknown-stymying-liquidators https://www.bloomberg.com/news/articles/2022-07-11/three-arr... [5]: https://markets.businessinsider.com/news/currencies/crypto-giant-dcg-investigation-us-prosecutors-genesis-money-transfers-ftx-2023-1 https://markets.businessinsider.com/news/currencies/crypto-g... much wow, very legit
  - c31931b 3y ago
    maybe worldcoin is just another unregistered security offering, launched on dubious exchanges like Binance, to ensure the backers can pump and dump their shitcoins on retail to meet liquidity issues elsewhere?
    - unboxingelf 3y ago
      shhhhhhh

you forgot the shitcoinery - there is a token, with a premine, unfairly distributed. the VCs that invested (SBF, a16z,etc) will benefit disproportionately. it’s a scam.

vvpan 3y ago

I cannot argue with bad token, premine - I have not researched but I believe it. "VC coins" in general have these issues it seems. Just trying to say that not every shitcoin is trying to get people to give them their biometrics, that is a separate issue in my opinion.

unboxingelf 3y ago
it’s the worst of both worlds.

93po 3y ago

There are legitimate reasons to premine, and creating a token with the intention of using it as a channel for UBI (literally giving money away) doesn't really scream "scam" to me considering the people backing it

unboxingelf 3y ago
why should Scam Altcoin control a centralized UBI system? sounds like a scam to me.
c31931b 3y ago
Backers [0] like a16z [1], Coinbase [2], Sam Bankman-Fried (SBF) [3], Three Arrows Capital (3AC) [4], Digital Currency Group (DCG) [5]? [0]: https://web.archive.org/web/20211021160923/https://worldcoin.org/about https://web.archive.org/web/20211021160923/https://worldcoin... [1]: https://twitter.com/KyleSGibson/status/1511065326624063501 https://twitter.com/KyleSGibson/status/1511065326624063501 [2]: https://www.sec.gov/news/press-release/2023-102 https://www.sec.gov/news/press-release/2023-102 [3]: https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Arrest_and_charges https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Arrest_and_c... [4]: https://www.bloomberg.com/news/articles/2022-07-11/three-arrows-founders-whereabouts-unknown-stymying-liquidators https://www.bloomberg.com/news/articles/2022-07-11/three-arr... [5]: https://markets.businessinsider.com/news/currencies/crypto-giant-dcg-investigation-us-prosecutors-genesis-money-transfers-ftx-2023-1 https://markets.businessinsider.com/news/currencies/crypto-g... much wow, very legit
- c31931b 3y ago
  maybe worldcoin is just another unregistered security offering, launched on dubious exchanges like Binance, to ensure the backers can pump and dump their shitcoins on retail to meet liquidity issues elsewhere?
  - unboxingelf 3y ago
    shhhhhhh