The token has been controversial in Silicon Valley for its ambitious and unorthodox approach to trying to solve two vexing problems: Online identity authentication and income inequality.

The token economics — a breakdown of how the tokens will be distributed — will be made public Monday, the people said.

Tools for Humanity has offered people around the world free Worldcoin tokens, called “WLD,” in exchange for scanning their irises with a device called “The Orb.” The iris scans ensure that each person can have only one Worldcoin ID.

  • Anomander@kbin.social
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    1 year ago

    Very much so.

    If this coin’s math and mechanics actually work in transferring wealth from rich to poor … it’ll be swamped in poor people wanting their cut, and rich people will want nothing to do with a shitcoin that’s explicitly going to take their money and give it to other people.