It seems that the euphoria around Worldcoin (WLD) is fading after an enthusiastic start. People have become aware of the issues and realized that receiving 25 WLD in exchange for scanning their iris might not be such a good deal after all, considering that this information will be permanently recorded on the Blockchain.
Worldcoin (WLD) is an intelligent identity verification solution through iris scanning, where each individual is assigned a unique identifier and rewarded with 25 WLD, redeemable only by those who are verified using an Orb. The Orb is a physical tool responsible for verifying the iris of Worldcoin (WLD) users and is currently available in only a few countries around the world.
According to the Cointelegraph, an independent daily newspaper covering cryptocurrency news, Hong Kong recorded the highest number of people who had their retinas scanned after the initial launch of WLD on July 24. However, the euphoria diminished considerably following critical voices, such as that of Vitalik Buterin, co-founder of Ethereum, who highlighted the dangers of Worldcoin in his blog.
Obviously, there are still many questions to be understood about Worldcoin, which need to be clarified by its creators, as the Whitepaper is vaguely written, leaving many doubts regarding the collection and use of personal information and identifiers.
It is not enough to claim that Worldcoin is a solution for human identity verification; the advantages and disadvantages of retina scanning using the proposed non-profit organization's system must also be presented.
It is evident that, as the system is new, there is much skepticism from the crypto community and even from governments, which see this platform as a threat to their dominance in identity verification. Only time will tell if it is a practical solution, but what is currently apparent is that the number of people undergoing iris scanning has significantly reduced since the official launch of Worldcoin.
And what do you think about this decrease in people's interest in having their retinas scanned? Have they realized it's a bad deal? Leave your comment below.
article 71