Max Keiser’s reaction to Sam Altman’s involvement in the Worldcoin project seems to be quite critical, as evidenced by his statement predicting that Altman might face legal troubles similar to those of Sam Bankman-Fried, the founder of FTX. Keiser’s remark, “This year’s SBF. Sam Altman will be in prison next year. And so it goes . . .”, suggests skepticism and concern over the direction and legitimacy of the Worldcoin project.

The Worldcoin project itself, co-founded by Sam Altman, has been a subject of controversy and discussion in the crypto world. The project’s primary feature is an iris-scanning device called the “Orb,” which is used to verify the uniqueness of individuals, an effort to differentiate humans from AI in the context of cryptocurrency and digital identity. Altman’s role in Worldcoin has been maintained despite the controversies, including those related to his position at OpenAI. He has consistently been involved with Tools for Humanity, the team behind Worldcoin, and continues to be a significant figure in the project​​​​.

Worldcoin has faced criticism and regulatory scrutiny in various countries. For instance, Kenya banned Worldcoin from scanning its citizens’ irises over concerns about data security and privacy measures. There has also been backlash regarding the company’s approach to targeting developing countries with what some critics call exploitative practices, offering tokens in exchange for signing up. Despite these challenges, the project has seen significant growth, with millions of people signing up for Worldcoin and participating in its ecosystem​​.

Financially, Worldcoin has shown significant growth since its launch, with its valuation reaching $1 billion after investments from notable firms like Andreessen Horowitz and Coinbase. The startup aims to create a digital wallet for storing crypto and making payments, and it plans to develop an infrastructure for a global cryptocurrency ecosystem.

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