$WLD WLD (Worldcoin) has attracted a lot of attention since its launch, but has also faced a lot of criticism from the community and experts. Here are some notable negative points about this cryptocurrency:

1. Privacy and data issues

One of the biggest criticisms of WLD is that it requires users to scan their irises for identification. This raises privacy concerns, as the iris is one of the most sensitive biometric data. While Worldcoin promises high security and does not store personal information directly, the collection and use of biometric data remains a highly controversial issue. Many are concerned about the potential for the data to be misused or leaked in the future.

2. Lack of transparency in operations

While Worldcoin promotes itself as a global project that aims to bring financial inclusion to all, the lack of transparency in how it operates is a major weakness. Many question the true purpose of the project and whether it is truly serving the public good or simply a ploy to collect biometric data on a large scale. Furthermore, Worldcoin’s organizational structure and long-term goals are not clearly communicated.

3. Unequal distribution of power and benefits

Worldcoin is focused on reaching out to developing countries, where users may be less aware of the risks associated with personal data. This has led to concerns that people in low-income countries may be more vulnerable to exploitation than users in developed countries, where privacy laws are more stringent.

4. Lack of practical application

To date, WLD has yet to demonstrate any real-world benefits for its users. Despite its promise to open up global financial opportunities, the currency has yet to see widespread practical applications, leaving many skeptical about its long-term potential.

5. Legal risks

Collecting iris data globally can face many legal hurdles, especially in countries with strict data protection laws. This exposes WLD to regulatory and legal risks, especially as data privacy regulations become increasingly stringent.

Conclude

While Worldcoin may be a promising project, it needs to address many important issues regarding privacy, transparency, and its viability. Before investing or participating in this ecosystem, users should carefully consider the potential risks.