Moral and ethical issues aside

Worldcoin is opening up the world’s poorest people to a a vector of identity theft, creating a global fingerprint database that they control but which will certainly leak to major superpowers

There are so many technical risks and unknowns and trust me bros and obvious failure points

And the end result is to… give everyone welfare?

Can anyone explain why the VCs are investing in this? Is it just a cynical token grab? Because the economics are literally they control all identity and give everyone free money, the only ways that makes sense are exceptionally dystopian.