Something similar happened around the fall of the Soviet Union.

Yelstin gave every Russian citizen a certificate worth 10,000 rubbles to buy shares in state owned enterprises that were being privatized.

Those with ready cash bought the certificates from those without, and this led to the current oligopoly.

Imagine a world where everyone on Earth has their iris scans recorded by a Silicon Valley company in return for a voucher for a small amount of a cryptocoin that doesn't actually exist and may never have any value at all, much less its stated $20.

I see the appeal of this, but don't understand how anything like Worldcoin would be able to achieve that. People already have wealth accumulated in the real world, and there's no reason giving everyone an equal amount of a cryptocurrency would suddenly place everyone in an equal starting position.

> Will probably end up with some people holding most of the value anyway

Yes, exactly. It's an entirely pointless exercise because it doesn't take place in a vacuum. A "great reset" is pointless regardless of your particular aims because the world is the way it is for a reason.

OK I imagined it. Everyone in the world now has some number of digital “coins” tallied in some kind of system created by a bunch of Bohemian Grove type billionaires.

Now what?