Worldcoin ─ How to profit from the "Skynet Currency"

Agenda:
- What is it
- Reactions
- Altman's vision of the future (UBI)
- Critique
- Conclusions for investments
Worldcoin raises a fat round of funding:

How Worldcoin works:

Reactions:
Trying to scan everyone's eyeball into a database with a literal orb to give out cryptocurrency is one of those things that might be imagined as making sense in like a shower thought, but then should be quickly discarded. pic.twitter.com/lQfodjaktO
— Lyn Alden (@LynAldenContact) May 15, 2023
If you believe Altman and the creators — that their goal is to empower people — then this is one of the worst misallocations of capital ever
— Alex Gladstein 🌋 ⚡ (@gladstein) May 15, 2023
Will be rough in 2040 when they look back and reflect on how many they could have helped by plowing this into Bitcoin education and UX https://t.co/y5FJY2Rfkw
Sam Altman's UBI vision:
UBI is inevitable because of deflation:
and i think it's good to force the issue on automating jobs we aren't willing to pay that much for anyway.
— Sam Altman (@sama) May 4, 2022
long-term i still think this is all the wrong framing and we will probably need something like UBI.
Sam's big picture vision:

The role of Worldcoin:

Critique:
Worldcoin leverages developing countries for influence:
I just saw worldcoin eye scanning pushers here in Córdoba, Argentina. I told the morons running it that what they are doing is terrible...was about to pick it up and smash it on the ground. People have no clue. pic.twitter.com/Riziq2DSqS
— weinicus 🔮5️⃣8️⃣🍌🍞 (@weinicus) April 27, 2023
A16z invests in this:
OpenAI's Sam Altman is close to securing $100m at a $3bn for his iris-scanning technology to create the cryptocurrency called Worldcoin
— Sunil (FTX 2.0 Champion) (@sunil_trades) May 14, 2023
SBF invested in the $25m round at a $1bn valuation (Oct-21) alongside a16z, coinbase [Investment was not listed in FTX VC portfolio] pic.twitter.com/6oNfFAY3PR
A deep dive on Andreessen Horowitz's latest "State of Crypto" report. In short: they want people to keep buying crypto, and are not above publishing blatant falsehoods to convince them to do so.
— Molly White (@molly0xFFF) May 9, 2023
The report itself is 60 pages long, so this is a long one.https://t.co/R99VabLzdy
Applications:

Data collection problems:

Conclusion:
Bullish for Efferium:
Hmmm
— TradeButWhy (@tradebutwhy) May 15, 2023
(eth dominance) https://t.co/YUE20ARcOj pic.twitter.com/EECtketc2o
https://www.tradingview.com/chart/bhtLIBx2/?symbol=BINANCE%3AETHBTC