> Obviously Sam has some street cred with the govt else they would have pulled him infront of congress like when zuck tried to launch Libre.

He got around US regulations by not making it available in the US. No street cred required.

There are iris scanning stations across the US and there is no way to geographically limit who and what holds WLD. What does not available mean here? Not available on centralized US-based exchanges?

It means Tools for Humanity is neither based in the US nor offering the coin in the US. The US cannot control what that company does in other countries. The US can control what Meta does in the US.

This comment is accurate and should be at the top

If they didn't seem so stupid, you'd think the biometrics collection thing was the point, but I actually think they're just so dumb it's not even that sophisticated a scam.

It’s possible the biometrics are to give the impression that it’s more strongly tied to you individually, even when they state things that make that impossible.

I.e. the fine print says “the key is the only proof of ownership” but the buzz says “digital wallet secured by spy movie tech”.

The point is obviously not the biometrics.

The point is A) buy low (at zero) and B) sell high.

Everything else is just a marketing ploy to get to B.

The tinfoil hat part of me says its like the "identify the stoplights" challenges.

We'll introduce this idea that sounds really tech, and hype. Maybe imply its so difficult that computers could never compete with humans.

We'll say its about improving security, and most humans will get a vague comforting feeling from the idea that there's some security feature, even if they find it kind of annoying to interact with.

Five years later, we say "surprise, it was really about training an eyeball recognition database that we can sell. Just like the image recognition datasets."

I do not even kind of believe these people are dumb.

WC isn’t doing any of the traditional shitcoin behavior. They ban discussion about price speculation. There’s no pre-sales. There’s no sales at all until the coin actually launches. One of the major premises of worldcoin is UBI - literally giving money away. I genuinely believe Sam Altman started WC with others for altruistic reasons

Not giving money away, giving "worldcoin" away, whatever the hell that is.

This doesn’t seem like a good faith argument

It's not an argument, it's a correction.

And you seem rather biased to the opposite, so it all evens out.

two opposed irrational responses don't even out, they double the overall stupidity.

Having an informed opinion isn't bias in the negative connotation implied

Why not? Worldcoin is a shitcoin until you prove it has value.

Currently, you can sell it for a nonzero amount so it has value.

Whether it will continue to have value is a very different question. I suspect that it won't.

It’s a privately minted coin where the founders control the issuance and hold a large majority. It runs on a proof of stake network. The private company has complete control over the coin.

This is absolutely a traditional shitcoin.

> Obviously Sam has some street cred with the govt else they would have pulled him infront of congress like when zuck tried to launch Libre.

Quite the opposite. Congress usually doesn’t give a shit until something is actually relevant to politics. They don’t care about weird VC grifts

Might as well call him Sam Altcoin