Worldcoin Is Not a Cryptocurrency

Cryptocurrencies were created to give the normal individual financial freedom, being censorship resistant and have some level of anonimity.

Worldcoin is trying to do everything cryptocurrencies weren't made to do. The principal of worldcoin and its advertising, is to collect people biometric data and pay them in worldcoin for doing it. This triggers red flags everywhere. CBDCs are a thing of our times and might be one of the most dangerous things that can happen to our world, Worldcoin takes CBDCs to another level. If you take a normal government controlled CBDC and add to it Worldcoins iris recognition you will have made the ultimate CBDC.

Imagine having money that can be controlled by an entity, this entity has the ability to freeze your funds, control when you have to spend your money and now with worldcoin you will have your face associated with that wallet and that coins. You will never have the ability to access any money until your wallet is unfrozen. You will not be able to escape from a totalitarian government and you will not be able to own anything that entity doesn't want you to own. This can go even further and a system where people would only be able to buy certain things can be created.

With what we have seen so far in the world are we really able to trust anyone with this type of power? This might be seen as a dystopia but as long as all the ingredients are there to make it happen it can happen and as everyone knows there are people that are capable of anything to achieve great power and mass control.

The conclusion I come to at the end is that Worldcoin is not a Cryptocurrency, it's everything a cryptocurrency shouldn't be and we can even call it an anti-cryptocurrency system, disguised as a cryptocurrency.

Supporting such a system will only bring pain to those who are already being oppressed and possibly bring pain to those who might not be so oppressed right now. Nothing good can come from a system made to oppress people and do mass surveillance.