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The word list already is 40k long. That's beyond most people's vocab and includes really awkward to spell words. IMO, if the solution is to use words, then What4Words would have had a word list of less than 3000, resulting in a word list with less confusable words and more accessible to children and people who struggle to read or write. |
People who have trouble with spelling (such as non-native speakers of whatever language the words come from or children) may not be able to rely on word-based systems. Word-based systems are also going to be hampered by speakers of different accents.
Letter- and number-based systems are probably always going to be much more robust, especially when used with a standard phonetic alphabet[1]. There could even be a checksum letter/number to make the system even more robust. Unfortunately, such systems will never be as memorable or as easy to say as a few words (spelling issues aside).
[1] - https://en.wikipedia.org/wiki/NATO_phonetic_alphabet