Worldcoin said in an early video that they are better than BTC, because BTC is “in the hands of a very few rich people“. Just recently Worldcoin increased their supply given to insiders to from 20% to 25%…

As the early hype around Worldcoin, the dystopian iris-canning project by the OpenAI founder Sam Altman, seems to be dying out, simply due to a lower price performance as many of their investors would probably have wished. It may now be time to actually look back on why this may actually be one of the worst Crypto projects there is out there, yes even worse than multiple literal shitcoin.

Some legit shitcoins that do not rug-pull, are only bad because they have no utility, but are just a joke. WLD is substantially worse, as everything it follows is strictly against the ideology of Crypto itself. There is no privacy at all and you basically give away all your information for some money, while Crypto was supposed to empower you to have your own money and not be in the need to give all your information to others for that money.

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Tweet of the infamous Video where, WLD tried to go after Bitcoin

This up there shows a video of the Worldcoin University from late 2021, where they tried to compare WLD to BTC, by saying that BTC is just handled by some rich people that own a ton of it (watch it here: https://nitter.net/azidynamics/status/1452369286308188165#m). They used this to say that Worldcoin is better than Bitcoin, except that it is factually worng about BTC and…

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Excerpt of the article showing how they actually increased the allocation to insiders from 20% to 25% of the total supply, right now just 1% of the total supply is even out

Just a few days ago Worldcoin had increased the allocation of their total supply (out of which only 1% is here right now) to 25% from 20% for their insiders. Insiders basically means all the few rich people, like the founders, the board and proabably also the Venture Capital funds that invested and I don‘t think I have to remind us what that list includes:

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List of institutional WLD investors, including SBF

So it really seems like WLD is the most evil Crypto out there and is probably even worse than the current fiat currency (don‘t worry CBDCs will top even WLD soon). Their pathetic comparison to BTC is not only wrong, but a massive disrespect to what Bitcoin actually stands for.