Thanks, interesting information. I was interested to have a look at the worldcoin site, but lost interest on noting it uses Ethereum protocol, presumably also including the recent change of Ethereum from pow to pos.
That removes all validity and value from it imho.
The global energy problem requires that money becomes aligned with energy, even bolted onto energy, as pow is.
Ethereum lost all possibility of being part of that when it ditched pow.
Folk think pow is a problem because it uses energy.
But energy use is only a problem when the energy is from finite, unsustainable sources.
Energy from source is inexhaustible, and delivered to us for free. The source is the sun, and we are starting to use it now much more than profit driven business would prefer to acknowledge.
The winning cryptocurrencies, the ones that will last, are the ones that naturally bolt onto energy, even becoming a mechanism of monitoring energy use, which is always beneficial when it comes from infinite sources. The more positive energy we can put to use, the better.
Profitability itself is the thing failing, Sam Altman should know that, because ChatGPT knows it, even plotting the curve of profitability, which peaked in the seventies, when oil hit peak availability.
So we are going to see all profit driven business fail, when use of extracted energy stops.
That is when money, and energy have to become for free.
In that economy, capital will cease to have value. No-one needs to save, when all money becomes for free.
That hacks off some investors, who spent their lives (And often the lives of others), saving.
But this is what is coming, much sooner than many folk realise, driven by nature undermining the value of all money which does not represent energy direct from source, the sun.
