In this monologue the host discusses the hype and controversy surrounding Worldcoin (referred to as Royal Coin) and evaluates whether the project could experience massive price gains. He first criticises sensationalist narratives that portray Worldcoin as a privacy‑draining, dystopian scheme, urging viewers to focus on verifiable facts about the technology. He then explains how Worldcoin’s iris‑based identity system works, the claim that biometric data is destroyed after creating a wallet, and the potential privacy risks. The speaker argues that the project’s massive funding (over $500 million), extensive hardware rollout, and strategic partnerships give it a strong economic foundation, invoking Metcalfe’s Law to suggest that network effects could drive the token’s value upward. He outlines current and upcoming integrations with companies such as Discord and suggests that many enterprises will value the ability to uniquely authenticate users. The host introduces his own initiative, BitcoinMYK, which plans to use Worldcoin IDs to deliver a universal basic income (Citizens Dividend), ensure validator uniqueness, and enable democratic governance on a social‑media‑plus‑crypto platform. He describes how linking Worldcoin IDs to BitcoinMYK accounts can prevent Sybil attacks, improve network security, and open new business models for NGOs, corporations, and governments. The video concludes with a disclaimer that the content is not financial advice, a call to join BitcoinMYK, and a reminder to subscribe for future updates.
Chapters
Welcome back to the channel. I hope you all are having a great evening. So talking about Royal Coin today now. So what's been happening with Royal Coin? And from the title of the video, uh, as we're starting to see, there are some people who believe the price of, uh, Royal Coin is probably due to, uh, do this huge And there's many reasons people believe that. Of course, the other side of the argument, or the predictions, are that, you know, Worldcoin is this very anti-crypto element thing that's gonna usher us into some type of slavery and bondage where our privacy is going to be exploited, etc., etc. right? And I'm fine with any type of caution to the subject. I'm fine with considering all possibilities. But what I'm not okay with is narratives just kind of pulled out of the ether, right? You know, as to say, let's state, the facts of what's happening with Worldcoin, uh, as much as we can ascertain them, right? Let's not just make up stuff like, uh, it's a ploy, it's a plot to do all these things, when, uh, any developer can look at the technology that, uh, Worldcoin has derived and see if it's doing what the creator says it's doing. Doing, right? So if it's saying that it's taking the data, right, to establish your wallet through your iris scan and that data is being destroyed, uh, there are ways we can find out if that's what's going on in their systems. Now that doesn't mean it's 100% and that accidents can't happen, or maybe even that governments can't get to these entities. Uh, we don't know all those things at this point. But because we don't know all these things, that's why I think it's a bad idea to make assumptions that these are the cases. And that's what's happening with a lot of crypto influencers. And I think that, um, is, uh, fake news, so to speak. And I don't think that's good for educational purposes or information. At the same time, This is not financial advice. Proof of, or I'm sorry, RoyalCoin is based a lot on the universal basic income method, which means you pretty much get it free. So that's not to me the same message as go invest your life savings in this thing. In some cases, it might not be about investing in it at all, more so as using it as a product or using it as a currency, right? So those are all things we need to consider down the line. Now, I kind of fall along the camp, and these are just my thoughts about it, right? It's not financial advice. It's not, again, go out and just buy this thing. My viewpoint on it would be get educated about it, see if it can serve you in some capacity, uh, you throughout your day-to-day life. Some people are going to find that it's worth their time to engage in the system, do the iris scan, and get the cryptocurrency. Some people are going to feel it's not valuable enough for them to do that. It might make more sense for them to do a direct investment, or it might just make more sense for them to get more educated about it, learn more about it, in the anticipation that it will raise a great deal of value. And all that's fine as well, right? But I think I fall on the camp where I believe in economic principles like Metcalfe's Law. I think they're scientifically proven. I think not only has tons of money went into Royal Coin, uh, over $500 million now in physical products and relationships and partnerships have been created on an astronomical level, much so that most cryptocurrencies can't even touch. I think that all leads to a positive conclusion about Worldcoin, right? These are people with a lot of money, with a lot of planning. Who's putting together, I think, a real project addressing a real problem. This is not a meme coin. It is not a casino pump your coin of the week project. Uh, and let's be honest, 90% of what we do in cryptocurrency is that, and people have gotten tired of it, which is why many of the projects fail or don't go very far, right? So at the very least in this video Let's see if we can enlighten some of you all to what's going on with Worldcoin, some of the greater possibilities of what could create some situations like what some of us may see on the horizon. And I think many of you all will begin to see it as well. But let's talk about some of the roadmap of Worldcoin, the plans, it's saying here on Cointelegraph that Rollcoin expects more companies to integrate in the coming months, says product head, right? So what are they talking about here by integrate, right? They're talking about companies that are going to have a need for being able to authenticate unique people, right? Something we haven't been able to do up to this something social networks can't even do. Uh, Elon, for example, Elon Musk is said to greatly overpay— or according to his own words, greatly overpaid for Twitter simply because of the bots, and he didn't know who was who and if it was unique persons or not, right? Obviously, a project like, uh, uh, Worldcoin, through their technology, has solved that problem. Now, are they going— because you can't— you, you're not going to have more than one unique iris scan account to that wallet, right? So you're going to know it's X amount of people on that particular, uh, uh, network, right? To a great degree, more so technology-wise than we have thus far. So some companies are going to see that as very valuable. Uh, they've already integrated the technology where, uh, platforms like most of us already use, uh, Discord, uh, they've already integrated where this technology can work with that, and they're going to continue on doing that, right? Uh, Sada, the head of the, uh, development, said that since its launch, it has opened up its software development kits for any developer to be able to use it and has also integrated with the platform Discord, right? So you're gonna see much of that now. Um, they're expecting many, many more companies and billion-dollar products to, to get interwoven into this. But let's go over to BitcoinMYK because I'm going to show you a very interesting way we're using Worldcoin technology is Well, uh, we offer the Citizens Dividend, which is basically universal basic income. A lot of this technology has to do with Worldcoin creating this currency and being able to give out this universal basic income. And there's many reasons, uh, in relation to a currency why that's important to establishing the currency. There's going to be— it's reasons it could be very helpful and important to merchants. And we'll talk a little bit about that maybe in upcoming videos. But let's get over to BitcoinMYK and give you an idea of how we're using the technology. All right. So here on BitcoinMYK, right, basically cryptocurrency meets social media, right? Like what Twitter X is attempting to do, bringing financial services together with basically your social media activities and such. And there's many advantages to that, having these payment gateways to one another on the same network. and having the Citizens Dividend Universal Basic Income all interwoven into your accounts, meaning that, uh, if you, if you're doing commerce in certain areas, this could create economic stimulus to those particular regions and areas, right, where you're doing business with your merchants. And, um, that's where I think a lot of business integration is going to happen with Worldcoin. They have the money and physical technology and hardware to make these partnerships. And I think that's going to happen. And I believe Metcalfe's Law is undeniable, meaning that you could get a billion people on the RoyalCoin network and it could be very, very plausible, right, for that to happen. And a billion people on something like RoyalCoin or products like RoyalCoin Right. And I think this is what a lot of cryptocurrency space isn't getting, right? They're just looking at it from a retail investor standpoint of, am I going to put my $1,000 in here? Right. When you're going to likely have NGOs, non-government organizations, you're going to have large corporations, right? And in some cases, you may actually have governments putting money in the Royal Coin and creating this, this huge economy. This is my thought process on what happen. And so I think that people in cryptocurrency are looking at it from a very narrow viewpoint. Now here's ways other products, networks, uh, like Bitcoin, MYK, and others, uh, specifically in cryptocurrency, can— how we could benefit from this and how we're going to implement this, which is very easy for us to do this, uh, very easy. All we need to do is have Worldcoin wallet holders, right, link their accounts on BitcoinNYK to their wallet IDs, right? Now, uh, the thing is, if you look at something like many of the platforms in cryptocurrency that run, uh, these services, uh, or I'm sorry, that, uh, have where they be block producers, some of them they might have witnesses they have validators, they have thousands of people who pretty much secure the network, right? Secure the blockchains, right? Uh, some of them may be elected, some of them it might be based on how many of the cryptocurrency they own, and so on and so forth. But the one thing can never quite be identified is, are they— is— are they unique people, right? And hear me out here, be very, very— open your ears very, very wide to what I'm saying here. We don't know if the people who validate these networks are the same people. It could be one person could like control 90% of network, right? So the way we solve that problem and build a very valuable network not under the tyranny of such a situation is by linking the Worldcoin wallet IDs to your accounts here. What you're going to be able to do at BitcoinNYK is basically, uh, have our validators, the people who are minting and creating these cryptocurrencies, the cryptocurrency through use of the BitcoinMYK platform, we will know these are unique people, right? Because the people who do this will be integrated through their WorldCoin identification. Now that's important because now these people, right, are able to get rid of bad actors from the network. as we have this social media thing integrated in, that's going to be very important because if you have decentralized social media, you're also going to have terrorism, hate crimes, hate speech, and so on and so forth. Whereas we could have unique addresses, right? Or we could at least have these people who are the, uh, validators, we call them adjudicators, uh, who can go in in a democratic process, all of them through a unique voting system, because we'll know they're all unique users, get rid of these people, right? Uh, in a, in a way that is, uh, healthy in the community, right? So this will all be democratic. It will be giving them value through a governance token in that sense. That's another— that is another area BitcoinNYK will serve, right? So, uh, if that doesn't make sense to you, let it sit with you a while. Maybe go back and watch the video. But the overall point is products like Bitcoin NYK, products like Discord, products like, uh, social media sites that were overpaid for, products like businesses, companies, NGOs, countries can all use this as a means to issue, uh, universal basic income to people, to create, uh, security or higher levels of security in their networks and businesses. So it's very important. It's why we're looking for this type of technology and have been for a long time, right? And it's here now. Uh, of course there's concerns with it, but this is probably the best attempt at it. But in integrating through companies and businesses and services, as we just explained, uh, what's happening with Bitcoin and YK, um, you can see so many advantages there. Now as well, you can go ahead and join BitcoinMYK.com today. A link will be in the description and you'll be able to get the cryptocurrency free. This will be a way for you to start exploring earning this cryptocurrency right away without an iris scan, but at the same time have some of those advantages of Worldcoin without the iris scan, right? So that's another way to, to have this as an offshoot to to Worldcoin where it's doing the identification process to the people we need identified, if that makes sense. But that's all I want to say in this video. Will Worldcoin go up 500%? If you believe in Metcalfe's Law, uh, which again is scientifically proven to be true, that as large numbers of people come on this network— and, uh, we know that to be true because not only do these guys got a lot of money, but We've heard about like every second a person signs up for Worldcoin, to the point where some nation states have had to come in and stop them to get a little bit more information. But I think that can be worked out by the Worldcoin people. Uh, I think they can, uh, assure some of these nation states things are fine. Uh, I don't know what they might have to go through to get that done, but I do believe that, uh, that could end up being possible, right, through some means. But that's all I want to say in this video. Don't forget to join BitcoinMYK.com today. Subscribing is important if you find content like this valuable. If you do. If you don't, then you don't have to subscribe. But if you do, you probably should subscribe because then that way you won't miss anything. YouTube will send you that little bell notification at the top to tell you the education entertainment television show has released a new video, then that way you don't— because if you don't do that, they may not notify you. You may not even know we put out a new video, and maybe it's something important that, uh, is helpful to you, like BitcoinMYK.com. But that's all I want to say in this video. Until next time, as always, take care of yourselves and each other.
