Alarming Shortage of Orbs Encountered
Unleashing Worldcoin: A New Era of Biometric-Based Cryptocurrency
The intriguing Worldcoin project, giving away free digital currency in exchange for your peepers' unique biometric data, has hit a snag - a shortage of those high-tech Orbs that scan your eyeballs. But don't let that dampen the spirits of Tools for Humanity, the geniuses behind this futuristic endeavor; they view this scarcity as a success sign, as 10 million individuals across 160 countries have already been eager to participate.
Established by Sam Altman, co-founder of OpenAI, and CEO Alex Blania in 2019, Worldcoin serves as an experiment for a universal basic income concept. This digital gold rush entices folks to get their eyes scanned, bagging them 10 Worldcoins (roughly $50 at the current rate) and an extra three Worldcoins every fortnight. However, for our fabulous American friends, this virtual treasure hunt remains off-limits, leaving room for some happenin' speculation.
According to a report in Semafor, there are about 300 to 500 of these Orbs scuttling about the globe. The initial plan was to make these devices mobile, so they could tag along wherever crowds gather; however, with newfound popularity, Worldcoin now stands stronger with people gathering around these stationary Orbs - it's that irresistible! Thanks to insane demand, the Orbs are getting swamped with folks, and production can't keep up.
Eager for a quick buck and spittin' on some private data? Worldcoin ain't got nuthin' to hide - it's game on! Despite boasting big-shot investors, the company's business model remains a cagey topic, though we've got some juicy insights. Just last week, Worldcoin announced its very own blockchain, built on Ethereum's network. And the World Assets subsidiary of the Worldcoin Foundation supposedly plans to sell a truckload of this crypto ASAP, as per CoinTelegraph.
When you try to access the announcement page from within the U.S., you'll be met with a stern warning; the beauty of this currency ain't for you, Yank! In the wake of FTX's disastrous collapse due to the sneaky maneuvers of Sam Bankman-Fried, the States have been clamping down on crypto. But Worldcoin doesn't seem to mind pushing its Orb scanner into foreign territories.
Clearly, Tools for Humanity is aware that their project sounds like a sci-fi dystopia. But fear not! Worldcoin insists it prioritizes your privacy like snowflakes and takes those matters real seriously.
"To ensure utmost privacy, all the liveliness checks occur right on your device. Plus, no need to shout out your name, email, phone numbers, or social media handles when visiting the Orb," Worldcoin's website puts it simply.
Semafor also reports that the overwhelming doubts about Worldcoin are gradually fading away. However, their investigation doesn't rely on solid evidence; instead, they cite an article from Business Insider published in July 2023. That headline? Not very convincing: "Tried out Sam Altman's eyeball-scanning Worldcoin orbs; the experience was too casual to be truly menacing" - come on, man, who says a low-key venture ain't fishy!
Since its launch in July 2023, Worldcoin's worth has seen some dramatic ups and downs, with a brief surge in February and a record high of over $10.60 in March, according to CoinMarketCap. Since then, the price has plummeted and is sitchin' pretty at approximately $5 today.
Reached out for comments, Tools for Humanity has remained as tight-lipped as a clam, leaving many questions unanswered. Stay tuned for updates.
- Despite encountering a shortage of Orbs, the company behind Worldcoin, Tools for Humanity, views this problem as a positive sign of high global demand for their biometric-based cryptocurrency.
- According to a recent report, there are about 300 to 500 Orbs currently scanning eyes worldwide, with Worldcoin's unique business model generating interest among a vast audience.
- Worldcoin's future blockchain, built on Ethereum’s network and its subsidiary's plans to sell a significant amount of the cryptocurrency, hint at the growing potential of this futuristic tech endeavor.
- Despite concerns about Worldcoin's privacy policies and motives, the company insists on prioritizing user privacy, ensuring scans are performed on users' devices without the collection of sensitive personal information.
