I’ve been in bitcoin since 2013 and I don’t know a single person who is pro Worldcoin. Everyone just consistently ignores prior research and experience in this industry.
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In 2017 I developed a self sovereign identity solution, using locally stored attributes, verified using homomorphic encryption anchored to a blockchain. I vetted the concept with more experienced engineers and identity people It was flawed, so I didn’t do it. I didn’t yolo it.
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Time and again, people build products, print money with their new token, they exit, and the token crashes. And then come with the “lessons learned”. They either didn’t do the research, or ignored it when people told them it wouldn’t work. This is totally unethical.

Oct 22, 2021 · 10:05 AM UTC

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Funnily enough the only project I know of that has followed an ethical approach was Basis, that I believe returned the money when they worked out it wasn’t going to work. Then the guy goes and builds BitClout and destroys that bit of credibility
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Replying to @anguschampion
No snark, and not justifying, just wondering: Who got burned into those? Regular people? Or, sophisticated / accredited or whatever investors? Also, wasn’t this “business model” why the SEC went after ICOs?
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Regular people who got left holding the bags. I am certain that the early investors are cashing out. ICOs were the first to do it, but it’s kept on going.
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The great thing about building for the future is that you can never be wrong, because the future never comes
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