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Why are people lining up for Worldcoin eyeball scans? “Easy $50” (restofworld.org)

submitted 1 year ago by BlackEco@lemmy.blackeco.com to c/world@lemmy.world

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People are lured by easy money, without understanding the privacy implications of signing up for the block chain.

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[-] Moonrise2473@feddit.it 23 points 1 year ago

ah thats why there are so many people willing to do this

i wonder why the price is so high for something that's already premined and does not offer anything new

[-] hh93@lemm.ee 6 points 1 year ago

Yeah - if everyone gets 50$ and only half of them cash out then it's not possible to have enough demand to not make this thing fall into oblivion.

I really wonder how they plan to keep the value up once it has settled?

[-] Deestan@lemmy.world 11 points 1 year ago

This thing doesn't need to hold up a second longer than the time the founders need to sell most of their premined tokens.

They likely can and will keep it going for a bit longer via money coming in from new investors.

[-] clgoh@lemmy.world 15 points 1 year ago

Some kind of Ponzeye scheme?

[-] yip-bonk@kbin.social 3 points 1 year ago

Pyreyemid

[-] sarcasticsunrise@lemmy.zip 3 points 1 year ago

Alright, I see what you did there

[-] Deestan@lemmy.world 2 points 1 year ago

Yeah but with enough technobabble to slow down litigation until the money are squirreled away.

[-] hh93@lemm.ee 3 points 1 year ago

The marketing cost seems to be insane though

And developing such a high quality scanner also isnt cheap

I feel like that current 2$ pricepoint can't be the endgame the investors had in mind

I don't see how it's going to rise further though

this post was submitted on 31 Jul 2023

108 points (95.8% liked)

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