A hitherto unknown cryptocurrency has skyrocketed in recent hours after traders confused the asset with a project by Sam Altman, the same who founded ChatGPT, from the OpenAI company.
WorldCoin (WDC) focuses on scanning people’s eyes in exchange for cryptocurrency rewards.
The solution manages to scan the iris of the eyes to uniquely identify each person in the world. The project’s founders also include executives from Coinbase and LinkedIn.
Wrong cryptocurrency triggers after calls to co-founder of OpenAI, which went viral with ChatGPT
A cryptocurrency called WorldCoin (WDC) has surged in recent days, gaining 22% in the past 24 hours and being quoted at US$0.0065.
The problem many investors don’t understand is that the coin, created in 2013, has nothing to do with WorldCoin.org, which scans its eyes.
I.e, investors may be buying the wrong currencyfor an alleged connection to Sam Altman, owner of OpenAI, a company that has gone viral in recent days with its artificial intelligence solution called ChatGPT.
On Monday (5), Sam himself confessed in response to a follower that his ChatGPT solution will not be free forever. So it is possible that investors bought the wrong currency when looking for the real WorldCoin.
“We’re going to have to make money somehow. The computing costs are huge.”
we’re going to have to monetize it somehow at some point; the computational costs are eye-watering
— Sam Altman (@sama) December 5, 2022
Part of the community warns against data usage by both platforms
In the case of WorldCoin, co-created by Sam Altman, the project is going through a period of mistrust. That is because, after scanning the eyes of many people around the world, recording the data on blockchain, the promise was to create a universal basic income.
For example, a BuzzFeedNews publication in April 2022 spoke to eye readers. According to one of them, the team responsible for the project was made up of thieves and believes he was duped.
In its defense, the company only replied that errors and problems were expected during the testing phase, while the cryptocurrency has not yet been released to the market.
Anyway, the sudden success of OpenAI’s ChatGPT, which also asks for user data, is yet another reproach for being a honeypot, i.e. a distraction for unwary customers.
“The co-founder of Worldcoin, eye-scanning, data mining, shitcoin, is the CEO of OpenAI! It’s a honey pot!”
🚨The co-founder of Worldcoin, the eye-scanning, data-mining, shitcoin, is the CEO of OpenAI! 🇧🇷
🇧🇷
It’s a honey pot! https://t.co/GS7X0MupBs
—Kyle (@KyleOfTheCorn) December 5, 2022
On the artificial intelligence project, even the billionaire Elon Musk began to observe the solution, mainly in the chatbot costs. It’s worth noting that Twitter’s recently acquired executive is eyeing the birth of a potential competitor.
average is probably single-digit cents per chat; trying to figure out more closely and also how we can optimize it
— Sam Altman (@sama) December 5, 2022
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
