Is Worldcoin, which has the same owner as ChatGPT, an air currency?

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Relying on the popularity of the OpenAI battle some time ago, WLD’s currency price hit a record high. However, there has always been some controversy about this currency, and many platforms even classify WLD as an air currency. Today we will talk about whether WLD is considered an air currency.

The OpenAI palace drama that caused a lot of commotion some time ago should come to an end now, right? Overall, the main plot is as follows:

Comparing Microsoft's stock price over the same period, the fluctuation range did not exceed 3% at all.

Therefore, the AI ​​​​circle is purely for profit, and encryption is the real interest ~

What is the relationship between ChatGPT and WLD?

The parent company of ChatGPT is called OpenAI, which was established by Altman and several other partners in 2015.

The parent company of WorldCoin is called Tools For Humanity (TFH). This entity was established by Altman and two other partners in 2020.

Therefore, the parent companies of these two products can only be said to have actual controller relationships.

There is no direct controlling relationship between them.

According to public statements, Sam Altman talks about Worldcoin: We can see the integration with ChatGPT within ten years.

In other words, there is currently no combination of Worldcoin and ChatGPT.

What is WorldCoin doing?

Currently I am doing two things: taking irises and issuing subsistence allowances.

  • Record iris-create personal identity

Many people have many conspiracy theories about this matter, but in fact iris scanning is an existing mature technology.

Personally, I think that instead of worrying about your iris information being taken away, you should worry about protecting your fingerprints and facial information, because these two identity information are the main ways for criminals to commit crimes.

The ball that records iris is called Orb. Its main technical content is to prevent someone from cheating during the iris scanning process.

Because according to past experience in issuing subsistence allowances, even the government will not be able to resist the urge to cheat and create fake people to receive empty wages.

  • Use "air coins" to issue subsistence allowances

First, let me show you my subsistence allowance collection record:

I should be able to receive a total of 120 coins, currently worth $300.

I have received 60 of them so far, and I can receive them almost twice a month (I have been very active in receiving them). The current value is about 150 US dollars, which is about 1,000 yuan.

Why would they do such a thing?

I have to mention a project called Universal basic income (UBI), which is directly translated as global basic income.

In fact, it is to provide subsistence allowances to ordinary people around the world. (Doesn’t it look a lot like socialism?)

But this project itself did not have so much money, so it created an air currency like Worldcoin. As long as everyone thinks this currency is valuable, then those who participate in the project can really receive subsistence allowances.

Isn’t it magical?

In the United States, only issuing air coins is legal

Talking about what exactly Worldcoin (WLD) is used for.

In fact, both Wolrdcoin’s white paper and interviews with HTF founders are a bit secretive.

One will talk about community governance, and the other will talk about value storage.

In fact, everyone needs to understand the founders of HTF. They are under American imperialism and cannot help themselves.

First of all, WLD cannot be related to the cash flow of HTF or other projects, otherwise it will have to register with the SEC.

Secondly, WLD cannot currently be used as the settlement currency for other services.

Therefore, there is only one reason why Worldcoin becomes an air currency: air currency is compliant.

Coins like Binance Coin that involve exchange profit repurchases are recognized as securities by the SEC.

Schrödinger state of air coins

Since there is currently no business overlap between Worldcoin and ChatGPT, why do OpenAI’s melons and WLD react so violently?

First of all, the value of air coins is directly related to the popularity, so every time Musk talks about Dogecoin, Dogecoin will experience a surge.

Secondly, the current U.S. government’s regulation of encryption has resulted in only air coins being compliant. However, it is not ruled out that future supervision may take the form of business payment settlement or project revenue repurchase. By that time, any air currency may be recognized overnight along with the binding of the business.

When it comes to investing, there are always two lines.

One is the emotional line . The power of this line is most vividly reflected in air coins. There are many coins that can achieve thousands of times in the short term. This logic is also followed by many A-share targets.

The other is the value line , which mainly assesses the future profitability of the project. The influence of this line is also found in the crypto, but it is mainly more recognized in the US stock market.

The currency Worldcoin is very interesting. As long as Ultraman's influence is still there, the problem of realizing business introduction and generating profits will not be a big problem.

But current regulations force him to be an air currency.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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