Decentral Block Post

Human ID project Worldcoin signed up over 9,500 users in Argentina in a single day in August, setting a record for single-day signups. To achieve this feat, facilitators onboarded participants at an average rate of less than nine seconds per person, according to an Aug. 31 announcement from the project.

Argentina has Worldcoin facilitators in 38 different locations, according to the project’s website. Most locations are in the country’s capital city of Buenos Aires.

Worldcoin is a blockchain-based project that allows individuals to prove they're human by having their irises scanned. When a user verifies their humanness, they are given a “World ID” that can be integrated into future applications to prove they are not a bot or artificial intelligence program. The project was founded by OpenAI co-founder Sam Altman, who argued that human IDs would be needed in the future as artificial AI programs become more sophisticated and less distinguishable from humans.

Worldcoin launched on July 25 and almost immediately came under criticism from data privacy advocates. Critics claimed that it is too centralized and could easily leak users’ biometric data, leading to negative consequences for users.

In their Aug. 31 post, the team claimed that many Argentinians are signing up for World IDs anyway, despite the controversy. “There was a significant increase in demand for World ID verifications in countries around the world [after launch],” they stated. This “continued into August, which saw 9.5K Argentinians verify their World ID in a single day.”

On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s price could eventually rise into seven-figure territory.

Broyles said that in 2020, he realized the bond market was broken. While searching for alternative investments, he discovered Bitcoin as a sound option. When asked about his Bitcoin investment strategy and how he stomachs the volatility, Broyles said: 

“I do not own bonds. I have sold off 97% of my stocks over the past three years, and I’m selling off the last 3% this week actually, so it’s funny that you ask that. By the end of this week, the only three assets that I will own will be U.S. dollars, aka cash, the best political currency in the world; second, real estate; and third, Bitcoin. That’s it. And I sleep better now than I did with a diversified portfolio.” 

Everything is overpriced and should crash

Another key factor backing Broyles’ Bitcoin investment thesis is his belief that “everything is overvalued, nothing makes sense, and everything should crash; however, we don’t want to deal with it. Politicians don’t want to deal with it. Lawyers don’t want to deal with it. I, as a real estate investor, don’t want to deal with it.” Broyles believes that stocks, healthcare, real estate and the education industry are highly overvalued, so people are losing faith in the dollar and their dollar purchasing power — which highlights the allure of Bitcoin as a supply-capped asset. 

“If we have a credit unwind, of course we’re going to print ourselves out of it.”