Ki Young Ju, co-founder and CEO of CryptoQuant, a cryptocurrency data analysis platform, claims that Sam Altman, the founder of viral artificial intelligence chatbot OpenAI, is trying to create colonies with his new altcoin project, Worldcoin (WLD).
Ju, who is also a cryptocurrency analyst, stated on his personal Twitter account that Altman’s Worldcoin project has global ambitions, saying, “The reason English became a global language is that the British Empire had many colonies. The same applies to a global currency like Bitcoin and CBDC (central bank digital currency). Worldcoin is currently trying to create colonies by encouraging people to install digital wallet applications.”
The analyst also shared a video published by Altman, claiming that every eight seconds, a person verifies their identity with Worldcoin’s Orbs by scanning their eyes. According to the CEO of CryptoQuant, Worldcoin’s main goal is to compete with the king of cryptocurrencies, Bitcoin (BTC), and the real problem is:
The problem is that Worldcoin is actually against Bitcoin. They explicitly stated that WLD is better than BTC because Bitcoin is only in the hands of a few wealthy individuals. According to Coindesk, insiders have a 25% stake. This is complete hypocrisy.
Ju highlighted the potential risk that Worldcoin’s iris verification scan could be imitated by productive artificial intelligence (AI) technology, saying, “What if a new AI model is trained on iris images? It’s like continuously adding hidden secrets to paper money to increase counterfeiting costs. The same applies to biometrics. Law enforcement agencies are needed to keep these secrets. Worldcoin could potentially come under government control.”
Explaining the Good and Bad Aspects of the Worldcoin Project
The CEO of CryptoQuant emphasized that the Worldcoin project has both good and bad aspects, stating, “Worldcoin ID is a great idea for establishing a global biometric infrastructure to combat fake AI identities. Worldcoin App is a great wallet application that could accelerate the adoption of cryptocurrencies globally. WLD is a centralized currency trying to become a global currency using human narratives.”
After the launch earlier this week, the Worldcoin project made headlines, with the WLD token reaching as high as $3.58 but losing a significant amount of value. Currently, it is trading at $2.25 with a 6.35% increase in the past 24 hours.
