Author: ZachXBT, on-chain detective, encrypted KOL; translation: Jinse Finance xiaozou
Regarding WorldCoin, this is how I see it.
What strikes me the most is that the WorldCoin team brags about how many users they have, when in fact they have been exploiting people in developing countries.
Verification of a user's real identity currently appears to be enforced only at the registration stage, creating a black market for accounts. On Telegram, fees are now as low as $1 per account.
WorldCoin increased the share allocated to insiders from 20 percent to 25 percent, according to Coindesk. However, an early WorldCoin promotional video claimed: "WLD is better than Bitcoin", "Bitcoin is only in the hands of a very wealthy few", etc.
Then, there's the set of privacy/security concerns surrounding iris scanning, which are detailed in Vitalik recent blog post (see Golden's previous coverage " Vitalik: My Thoughts on Worldcoin and Biometric Proofs of Personality ").
I'm mostly anti-WorldCoin for the reasons above, but I think the general CT narrative around WLD will change based on how the coin performs (increasing price = good project, falling price = dystopian nightmare).
