I am very excited about the vision and potential impact of the World Coin project in driving financial inclusion globally. However, I have some concerns about the technical design of the World Coin wallet, specifically the lack of a seed phrase backup and reliance on centralized cloud storage services like Google Drive and iCloud.

Seed phrases are the standard for allowing crypto users to retain full ownership and control over their funds. Without a seed phrase, World Coin wallet users are dependent on the project's infrastructure and big tech companies, introducing risks around availability, security, portability, and more. This seems to go against core crypto principles of decentralization and self-custody.

While there may be compelling usability reasons behind this decision to simplify the experience for new crypto users, it feels like a significant departure from best practices around key management and user sovereignty. I want to discuss whether these trade-offs are justified or if there are ways to uphold self-custody while still achieving World Coin's accessibility goals.

I remain very bullish on World Coin's mission and the potential for driving real economic empowerment globally. My intention is not to spread FUD, but to have an open discussion around this architectural decision as a community. I believe critically examining issues like this will only make the project stronger in aligning with crypto's values while achieving global financial inclusion. $WLD $FET $OCEAN