Altman Refutes Worldcoin Disinterest With Japan Queues Video

Updated: 27 July 2023

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Sam Altman, the founder of Worldcoin, released a video displaying long queues for $50 worth of Worldcoins, countering assertions of declining interest in the AI cryptocurrency.

Despite the initial surge of 200% in token value during its highly anticipated launch, some crypto experts argue that Worldcoin lacks long-term growth potential and is considered low-value crypto.

$WLD: A few notes on how to play these things

-Don't EVER buy this thing as a long term investment. You will get dumped on by VCs
-I haven't looked but I'm guessing the tokenomics on this are shit, prob low float and MMs having large % of supply
… pic.twitter.com/NBNmOVsKJ6

— Altcoin Sherpa (@AltcoinSherpa) July 24, 2023

In reaction to these tweets, Sam Altman posted on Twitter, sharing the global enthusiasm to earn WLD tokens by verifying identity through iris scans.

day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3

— Sam Altman (@sama) July 26, 2023

Worldcoin Tweet Raises Questions About the Orb

A video has emerged showing a long queue of people surrounding what some believe to be an Orb, speculated to offer retina scans for WLD tokens. However, doubts about its legitimacy remain, as it’s unclear if the Orb actually functions as described. Cointelegraph has contacted Sal Altman for comments, but no response has been received.

According to the Worldcoin whitepaper, the Orb is a retina scan device used to create a World ID, serving as proof of personhood. Users who participate will receive WLD tokens, offering potential benefits such as involvement in decentralized governance. The Orb has been designed by “Tools of Humanity” and incorporates custom hardware to enhance accuracy and prevent spoofing.

STOP NOW – Reacts Twitter

The introduction of Worldcoin has faced criticism due to its VC backing and tokenomics favoring developers and investors, raising concerns in the post-FTX era. Crypto experts, including Peruvian Bull, have voiced their opposition, fearing that Worldcoin might pave the way for the global adoption of CBDCs.

you are opening the door to global CBDCs.

STOP NOW, for all our sakes.

You do not understand what is at risk.

— Peruvian Bull (@peruvian_bull) July 26, 2023

Numerous individuals are likening Worldcoin to a Black Mirror episode, drawing parallels between the unscanned and unvaccinated in terms of treatment.

Several tweets express strong disapproval of Worldcoin, with PetaByte’s tweet suggesting Sam Altman’s exploitation of struggling economies where $50 represents a monthly wage.

https://twitter.com/CryptoPeta/status/1684343916995153921?s=20

Regulatory Bodies and Other Players also Up in Arms

IWorldcoin has faced criticism not only from crypto investors and users but also from regulatory bodies and prominent figures in the crypto industry.

Ethereum Founder Vitalik Buterin, for instance, expressed his concerns on Twitter, stating that there is no “ideal form of proof of personhood.”

What do I think about biometric proof of personhood?https://t.co/yozo1buW24

— vitalik.eth (@VitalikButerin) July 24, 2023

Jack Dorsey also responded to Sam’s original video tweet to express his disappointment with a sad emoji.

😞 https://t.co/554IzCcQ7N

— jack (@jack) July 26, 2023

Speculation about data regulators in the United Kingdom expressing concerns regarding this crypto project has arisen.

Worldcoin Drops by 6.6%

As a result of these concerns, numerous crypto investors have withdrawn their support, resulting in a 6.6% price decline for WLD in the past 24 hours.

Additionally, its market capitalization has fallen by 6% to $248 million, and daily trading volumes have experienced a sharp 46% decrease.

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