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Learning & News => News related to Crypto => Topic started by: sirty143 on May 16, 2024, 05:31:30 AM

Title: Leading Trader Criticizes Worldcoin’s 'Predatory' Tokenomics, Labels WLD Fake
Post by: sirty143 on May 16, 2024, 05:31:30 AM
Leading Trader Criticizes Worldcoin’s 'Predatory' Tokenomics, Labels WLD a Fake $60B AI Coin

The Worldcoin project’s predatory tokenomics will not result in the “greatest transfer of wealth” to the masses but a transfer to the “pockets of the Worldcoin team and insiders,” a top-ranked trader has asserted. The top trader also accused project promoters of using Open AI co-founder... See more for yourself here (https://news.bitcoin.com/leading-trader-criticizes-worldcoins-predatory-tokenomics-labels-wld-a-fake-60b-ai-coin/).

Your opinion is greatly appreciated.
Title: Re: Leading Trader Criticizes Worldcoin’s 'Predatory' Tokenomics, Labels WLD a Fake
Post by: ABCbits on May 16, 2024, 12:58:57 PM
I agree with him. 4% inflation per day is insane and AFAIK newly generated WLD coin going to world coin team. But it's not very surprising when they perform questionable privacy practice and hit by several law privacy.
Title: Re: Leading Trader Criticizes Worldcoin’s 'Predatory' Tokenomics, Labels WLD a Fake
Post by: NotATether on May 16, 2024, 03:04:35 PM
Quote from: ABCbits on May 16, 2024, 12:58:57 PM
I agree with him. 4% inflation per day is insane and AFAIK newly generated WLD coin going to world coin team. But it's not very surprising when they perform questionable privacy practice and hit by several law privacy.

No you don't understand (/s), it's still "the greatest transfer of wealth in history", that is half true - it's just that the money transfer is going from all the investors to the project leaders instead of another way! :P

But seriously though, this is another useless shitcoin that is invading the space. Why do exchanges keep listing these kinds of coins? Oh right, I forgot - for money. But they should at least delist the coins when they no longer become profitable or used and just convert any holdings to a stablecoin of some sort.