Is Worldcoin the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Worldcoin differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Worldcoin
| Principle Broken | Specific Issue |
|---|---|
| ❌ Fair Launch | 10% of WLD tokens reserved for investors |
| ❌ Fair Launch | 11.1% reserved for employees at contributing organizations |
| ❌ Fair Launch | Sam Altman co-founded, OpenAI CEO involvement |
| ❌ Decentralization | Iris data hashes stored in private centralized database |
| ❌ Decentralization | Specialized "Orb" hardware introduces centralization concerns |
| ❌ Decentralization | Tools for Humanity (TFH) private company controls project |
| ❌ Trustlessness | Must trust Orb hardware isn't compromised or backdoored |
| ❌ Trustlessness | Vitalik Buterin noted "specialized hardware creates centralization concerns" |
| ❌ Neutrality | Accused of "deceptive marketing practices" by MIT Technology Review |
| ❌ Neutrality | Collected more personal data than acknowledged publicly |
| ❌ Neutrality | Failed to obtain meaningful informed consent from users |
| ❌ Neutrality | Exploited people with small cash/token payments for iris scans |
| ❌ Proven Security | Launched July 2023, only 1.5 years old versus Bitcoin's 16 |
| ❌ Immutability | Centralized iris database could be altered or hacked |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Worldcoin and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.