TechFlow reports that Hudson Jameson, a former Ethereum Foundation developer, has raised concerns about the cryptocurrency project Worldcoin. He finds the project's plans unrealistic and alarming. While he acknowledges the use of cutting-edge zk technology—something he doesn't particularly worry about—he remains skeptical about its rollout.
Regarding the claim that tens of millions of people will join the project by 2025, there is no public plan from the team addressing the vast socioeconomic differences across regions. Additionally, there is no working group in place to consult experts in these areas.
Furthermore, Worldcoin's token economics are questionable: only 80% of tokens are allocated for the public, with 10% going to investors and another 10% to the team. How is this meant to create a fair global currency? Has there been any analysis on preventing wealth inequality across different regions?
Worldcoin appears to be a product invented by venture capitalists to solve global problems, yet beyond building impressive technology, they seem to lack understanding of the actual factors needed to address such issues. Hudson Jameson believes Worldcoin will not succeed.
It has been reported that Worldcoin, the crypto project founded by OpenAI CEO Sam Altman, is currently raising funds, with an expected amount of around $100 million, and is preparing for launch in the coming weeks. The project is currently in beta testing, finalizing its blockchain protocol, and plans to begin recording transactions within the next six weeks.
