Worldcoin is not just morally troubling, but economically incoherent. Its $115 million funding round is a deeply disturbing indictment of the state of Silicon Valley and its venture capital backers, davidzmorris writes in The Node newsletter. Opinion.
to violations. And while Worldcoin has downplayed the risks, their reliance on an army of Orb Handlers to onboard customers means manipulations will inevitably continue. That completely undermines Worldcoin’s promise to solve digital identity.
The $115 million fundraising round was led by a firm called Blockchain Capital. In conjunction with the announcement, Blockchain Capital general partner Spencer Bogart posted aThe thread is cringingly vacuous and, intentionally or not, quite deceptive. Bogart opens by saying that he has “completely changed my mind” about his prior belief that “Worldcoin was some dystopian Orwellian nightmare” and a “noxious combination of hardware, biometrics, crypto and AI.
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