The Dead Horse Theory is a satirical metaphor that shows how many people, institutions, or countries face obvious problems without accepting reality. Instead of acknowledging that something isn't working, they seek excuses and useless solutions to justify it.
The central idea is clear: if you discover that you are riding a dead horse, the wisest thing to do is to get off and move on.
However, in practice, many prefer to cling to the obsolete rather than evolve. And this is exactly what happens with traditional money and the lack of adoption of new technologies like WorldCoin.