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"People are bewildered as Worldcoin's sudden launch coincided with a lackluster response from users. Unlike Sam Altman's other product, ChatGPT, which started with ""no admission,"" getting started with Worldcoin is much more challenging. Furthermore, as Sam Altman shifted Worldcoin's focus from UBI to Proof of Personhood, achieving an AI-driven UBI similar to ChatGPT's impact on the real world may take some time.
Worldcoin's initial distribution is highly centralized, with the majority of tokens held by market makers. Additionally, the use of biometric data has sparked privacy concerns and a divide in the crypto community. Many feel that biometric data collection is akin to servitude, while Bitcoin represents freedom.
Vitalik Buterin praised Worldcoin's use of Layer2, ZK, and decentralized governance technologies and concepts. However, he expressed concerns about privacy, lack of scalability, centralization, and security, emphasizing the need for open and democratic mechanisms to avoid centralized control and wealthy user dominance.
Given the current state of Worldcoin's token distribution, many users are hesitant to join the global Proof of Personhood consensus protocol formed by receiving one WLD token per week. Regardless of the progression, it appears that Worldcoin's ambitious goal of acquiring 1 billion users by 2023 might be challenging to achieve." |
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