{"id":1946,"date":"2025-02-19T14:23:41","date_gmt":"2025-02-19T13:23:41","guid":{"rendered":"https:\/\/inv.jp\/?p=1946"},"modified":"2025-04-20T12:45:53","modified_gmt":"2025-04-20T10:45:53","slug":"c008","status":"publish","type":"post","link":"https:\/\/inv.jp\/en\/crypto\/c008\/","title":{"rendered":"A Disappointing Story About Worldcoin (WLD)"},"content":{"rendered":"<p>\u300eOrb\u300f<br \/>\nimage extraction: Firefly<\/p>\n<p>While I&#8217;ve covered Worldcoin (WLD) several times in this blog, I became quite disappointed with it personally around the end of 2024.<\/p>\n<p>This was because the Worldcoin smartphone app incorporated an option to receive a World ID by presenting identification documents such as a passport.<\/p>\n<p>Specifically, it seems that passports, nationality certificates, and driver&#8217;s licenses are the three valid forms of identification.<\/p>\n<p>Jack Dorsey tweeted at Sam Altman saying &#8220;Don&#8217;t steal eye data!&#8221; and my disappointment stems from deepening suspicions that collecting personal information might indeed be their ultimate goal.<\/p>\n<p>If they&#8217;re accepting conventional identification methods like ID submission, it raises questions about what the whole eye data collection was even for.<\/p>\n<p>I assume the official explanation would be that this authentication method was prepared for people who physically cannot access the Orb (the eye-scanning machine).<\/p>\n<p>In fact, particularly in Europe, many countries can&#8217;t use Orb authentication due to legal and personal information protection concerns. I myself had to do it in Japan because I couldn&#8217;t do it in my country of residence.<\/p>\n<p>While I understand these circumstances, allowing conventional personal authentication methods will inevitably lead to a decrease in individual (human) verification accuracy.<\/p>\n<h3 class=\"style3a\">World ID Verification Accuracy<\/h3>\n<p>There&#8217;s no doubt that World ID had high reliability as a (human) certification precisely because it could only be obtained after physically going to where an Orb was located and having your eyes scanned.<\/p>\n<p>The operators must surely understand this, so why did they decide to accept conventional IDs alone?<\/p>\n<p>It&#8217;s probably either because they&#8217;re struggling to gather enough people, or they were primarily interested in collecting personal information from the start.<\/p>\n<p>As of January 2025, with approximately 23 million registered users and about 10.7 million verified humans, it&#8217;s unclear whether the operators consider these numbers high or low, but<\/p>\n<p>compared to the estimated 420 million crypto users worldwide, personally, these numbers don&#8217;t seem particularly hopeless.<\/p>\n<p>Well, either way, it&#8217;s not really an exciting development.<\/p>\n<h3 class=\"style3a\">Going Forward<\/h3>\n<p>I&#8217;ll continue using the app, but won&#8217;t actively purchase WLD on other exchanges.<\/p>\n<p>In other words, I&#8217;ll (gratefully) accept the small amount of WLD that can be claimed monthly through the app as an observational measure, but I&#8217;ll sell my WLD holdings in the app and other exchanges while watching the price, and won&#8217;t consider new purchases.<\/p>\n<p>Simply put, while I&#8217;m beginning to doubt the feasibility of the grand and exciting concept of &#8220;Universal Basic Income,&#8221; I haven&#8217;t completely rejected it.<\/p>\n<p>While it would feel good to cut ties completely, I personally can&#8217;t help but feel drawn to this concept.<br \/>\nThat said, if it hits \u20ac9 per WLD again, I plan to sell everything.<\/p>\n<p>By the way, this isn&#8217;t because of recent talk about DeepSeek revolutionizing the AI industry and potentially ending Sam Altman&#8217;s career, nor do I believe that. It&#8217;s completely unrelated.<\/p>\n<p>In fact, as of January 30, 2025, we haven&#8217;t reached a stage where such predictions can be made.<\/p>\n<p>In any case, with a future where AI-equipped robots walking the streets just around the corner, it&#8217;s honestly disappointing to see this happen to Worldcoin, which had a concept oriented toward such a future.<\/p>\n","protected":false},"excerpt":{"rendered":"\u3053\u306e\u30d6\u30ed\u30b0\u3067\u3082\u4f55\u5ea6\u304b\u53d6\u308a\u4e0a\u3052\u3066\u304d\u305f\u30ef\u30fc\u30eb\u30c9\u30b3\u30a4\u30f3\uff08WLD\uff09\u3060\u304c\u30012024\u5e74\u672b\u9803\u306b\u500b\u4eba\u7684\u306b\u306f\u304b\u306a\u308a\u304c\u3063\u304b\u308a\u3057\u3066\u3057\u307e\u3063\u305f\u3002","protected":false},"author":1,"featured_media":1937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["ja","en"],"languages":{"ja":{"title":true,"content":true,"excerpt":true},"en":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Disappointing Story About Worldcoin (WLD) - inv.jp | my backtesting notes<\/title>\n<meta name=\"description\" content=\"I was quite disappointed to learn that World ID could be obtained using existing identification methods without the need to scan one&#039;s eyes with the Orb. 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