Worldcoin Isn’t as Bad as It Sounds: It’s Worse

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Worldcoin, touted as a new financial system, claims to revolutionize the world of finance. However, a closer look reveals that it is far from the utopian vision of equality and fairness that it presents. This article delves into the disturbing aspects of Worldcoin, particularly its reliance on sensitive biometric information, mostly harvested from vulnerable populations. From the creation of a black market for verified credentials to the inability to prevent malicious attacks, Worldcoin’s dark underbelly is exposed.

The Dark Game of Biometric Data Harvesting

To establish its ambitious financial system, Worldcoin must amass an extensive database of iris data, a process that proved to be controversial from the outset. In the initial phases, individuals were incentivized, often in the global south where eyes were the cheapest, to scan their irises. This strategy raises ethical concerns and begs the question of how far people are willing to go for monetary gain.

The Emergence of a Black Market for Verified Credentials

Unsurprisingly, the unanticipated consequence of Worldcoin’s rollout strategy is the emergence of a black market for verified credentials. The value of a World ID has been reduced to a mere $30, allowing anyone…