âWORLCOIN: Innovation or Utopia? A Critical Analysis of Al Saltmanâs Projectâ
The WORLCOIN project has set out to scan the irises of 10 billion humans, a figure that refers to the estimated number of inhabitants on planet Earth. However, this figure is symbolic, as the actual number of inhabitants includes many people who are not candidates for iris scanning due to their age, culture, current medical condition, and other situations that make them ineligible.
WORLCOIN's hype has ended up affecting the price of its token, since a market as sensitive as ours, made up of humans conditioned by their emotions, sees WORLCOIN as a project that, over time, as coins are exchanged for iris scanning, will dissolve until it is worth just pennies. But is this true? First, as I already mentioned, there is no possibility of scanning the iris of all humanity. Second, there is not enough capital to give 8 coins to each individual member of humanity. So, why does WORLCOIN insist on maintaining a narrative that is not sustainable? WORLCOIN is betting on the long term, hoping that mass adoption and improvement in iris scanning technology will increase the trust and value of its token.