The concept of Worldcoin, a financial system that relies on biometric data from impoverished individuals, is concerning due to the exploitation of those individuals who are paid to scan their eyes for the vast iris database required. This has led to a black market for verified credentials, undermining the trustworthiness of the system. Worldcoin's promises to protect sensitive biometric information are insufficient, and the potential consequences of linking immutable biometric traits to money are dystopian.

Despite claiming to be "owned by everyone" and aiming for equal distribution, doubts have arisen about Worldcoin's true intentions due to its unavailability in certain countries and significant token allocation to insiders. The token distribution plan is not reassuring, with only one percent of the ten billion tokens in circulation but a fully diluted market cap of around twenty billion dollars, making it susceptible to manipulation and pump and dump dynamics. This market structure does not align with the project's purported egalitarian ambitions.