They say they scan irises so that each person is unique and "nobody gets more than their fair share". Why then not use the clasic identifiers: name, date of birth, proven with a state issued document, and a facial picture holding some sign. These are easy to do remote and are the current standard for financial KYC, which any "world currency" needs to take into consideration in the post-Bitcoin world.
Sure, some people don't have access to government issued IDs, but they are a minority in the world population. The economic benefits of having a government capable of issuing IDs are so great, that Worldcoin, if successful, could provide technical and financial assistance to those states directly to implement such systems, instead of pushing dubious "Orbs" onto the world.
The whole "nobody gets more than their fair share" trope is dubious. What will the typical person from DR Congo do with $20 worth of altcoins on his phone? 99% of them will sell it for $20 minus fees and pocket the money. A very small investor minority can afford to hodl, select few will purchase and accumulate w-coins, and those will earn the speculative appreciation Worldcoin founders are really after. The whole populist act is a ruse to get the bubble going.
Sure, some people don't have access to government issued IDs, but they are a minority in the world population. The economic benefits of having a government capable of issuing IDs are so great, that Worldcoin, if successful, could provide technical and financial assistance to those states directly to implement such systems, instead of pushing dubious "Orbs" onto the world.
The whole "nobody gets more than their fair share" trope is dubious. What will the typical person from DR Congo do with $20 worth of altcoins on his phone? 99% of them will sell it for $20 minus fees and pocket the money. A very small investor minority can afford to hodl, select few will purchase and accumulate w-coins, and those will earn the speculative appreciation Worldcoin founders are really after. The whole populist act is a ruse to get the bubble going.