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Helium literally never did an ICO. So funny watching bitter losers at hackernews get everything about blockchain wrong and stay poor over the past 10 years. -

Helium literally never did an ICO. So funny watching bitter losers at hackernews get everything about blockchain wrong and stay poor over the past 10 years. - Throw in some buzzwords you don't really understand like "lightning" (does not apply to helium as it is a protocol based on bitcoin script) - use the word "scam" because you don't own any and you didn't invest a few months ago when it was pennies. - sprinkle in some unfounded FUD about decentralization and Sybil attacks because you're bitter you still don't own any Helium is the fastest growing wireless network on the planet. There are currently 190,000 hotspots over the globe, up from 20,000 6-months ago. https://explorer.helium.com/ https://explorer.helium.com/ ...but but but against your better judgement you read some of the technical stuff... wooooowwwww Call me when the Helium node count drops below 100,000 again and I'll congratulate you and thank you for warning everyone about this "scam" before it was too late.

NotSammyHagar 5y ago
One scam here is that there will likely be ubiquitous sensors in your tv, door bell, car, fridge, heater and they won't be reporting back to you. They'll be telling the sellers of these devices about your activities, and it will be sold just like connected tvs today sell info about what you watch.
- delabay 5y ago
  All these devices must be FCC certified so if you don't like the products, dont buy them. There are already thousands of societal beneficial uses of lorawan.
  - NotSammyHagar 5y ago
    Like what? No one wanted tvs to spy on them via the internet connections, they just wanted connected tvs with built in streaming devices. Today for any privacy you have to buy your own streaming device and not connect your tv itself to the internet. In the very near future, most devices will come with a low power radio that can't be turned off (just like you basically can't turn off the ubiquitous spying from your streaming connected tv). This network aids that.
wyager 5y ago
> Helium literally never did an ICO. They clearly have some sort of central issuance because they have an airdrop. Their “proof” mechanism is either centralized or Sybil vulnerable - haven’t bothered checking which. > So funny watching bitter losers at hackernews get everything about blockchain wrong and stay poor over the past 10 years. This is a hilariously off-the-mark shot. I have nothing against blockchain when used where it’s actually useful (I.e. for solving double-spend or zooko). This, however, seems like a silly misapplication. > Throw in some buzzwords you don't really understand like "lightning" I think you did not understand what I said, which is that payment for network services should use normal payment mechanisms instead of special ones.
- delabay 5y ago
  > Silly misapplication 200k operators climbing their roof to deploy beneficial coverage beg to differ
  - wyager 5y ago
    Probably not many, if any, of them understand the technology at any level deep enough to comprehend why it’s a dumb idea. 200k people getting caught up in an altcoin scam is hardly new.
    - delabay 5y ago
      Yet helium solved Lorawan coverage in spite of it all :)
- joewadcan 5y ago
  Helium fan here. I think a deeper dive is warranted on what and how they are "paying" people. Helium tokens are used as an incentive to bootstrap a network, but in the future part of payment for network services like you mentioned. I think this is one of the purest uses of crypto... less as currency replacement but more sharing in a network's future.
  - 5y ago
lozaning 5y ago
They don't need to do a traditional ICO to grift. In order to join the network and start mining, you've got to buy $80 worth of gear from some company marked up to $600. That company then has to pay $40 to the Helium company in order for them to generate private keys that let your miner join the network and start making money. Helium is just https://network.fon.com/ https://network.fon.com/ on a different frequency + a bunch of unneeded crypto bullshit that hides the grift. Call me when I can stand up my helium miner based on open source hardware and software and make money using that.
- delabay 5y ago
  If your goal is to build a global network with unheard of capital efficiency in 1/10th the time as incumbents, then the crypto bullshit is means to an end. Helium will go down as one of quote unquote "actual uses for blockchain". The proof is here. Lorawan coverage is now a solved problem.

NotSammyHagar 5y ago

One scam here is that there will likely be ubiquitous sensors in your tv, door bell, car, fridge, heater and they won't be reporting back to you. They'll be telling the sellers of these devices about your activities, and it will be sold just like connected tvs today sell info about what you watch.

delabay 5y ago
All these devices must be FCC certified so if you don't like the products, dont buy them. There are already thousands of societal beneficial uses of lorawan.
- NotSammyHagar 5y ago
  Like what? No one wanted tvs to spy on them via the internet connections, they just wanted connected tvs with built in streaming devices. Today for any privacy you have to buy your own streaming device and not connect your tv itself to the internet. In the very near future, most devices will come with a low power radio that can't be turned off (just like you basically can't turn off the ubiquitous spying from your streaming connected tv). This network aids that.

wyager 5y ago

> Helium literally never did an ICO. They clearly have some sort of central issuance because they have an airdrop. Their “proof” mechanism is either centralized or Sybil vulnerable - haven’t bothered checking which. > So funny watching bitter losers at hackernews get everything about blockchain wrong and stay poor over the past 10 years. This is a hilariously off-the-mark shot. I have nothing against blockchain when used where it’s actually useful (I.e. for solving double-spend or zooko). This, however, seems like a silly misapplication. > Throw in some buzzwords you don't really understand like "lightning" I think you did not understand what I said, which is that payment for network services should use normal payment mechanisms instead of special ones.

delabay 5y ago
> Silly misapplication 200k operators climbing their roof to deploy beneficial coverage beg to differ
- wyager 5y ago
  Probably not many, if any, of them understand the technology at any level deep enough to comprehend why it’s a dumb idea. 200k people getting caught up in an altcoin scam is hardly new.
  - delabay 5y ago
    Yet helium solved Lorawan coverage in spite of it all :)
joewadcan 5y ago
Helium fan here. I think a deeper dive is warranted on what and how they are "paying" people. Helium tokens are used as an incentive to bootstrap a network, but in the future part of payment for network services like you mentioned. I think this is one of the purest uses of crypto... less as currency replacement but more sharing in a network's future.
- 5y ago

lozaning 5y ago

They don't need to do a traditional ICO to grift. In order to join the network and start mining, you've got to buy $80 worth of gear from some company marked up to $600. That company then has to pay $40 to the Helium company in order for them to generate private keys that let your miner join the network and start making money. Helium is just https://network.fon.com/ https://network.fon.com/ on a different frequency + a bunch of unneeded crypto bullshit that hides the grift. Call me when I can stand up my helium miner based on open source hardware and software and make money using that.

delabay 5y ago
If your goal is to build a global network with unheard of capital efficiency in 1/10th the time as incumbents, then the crypto bullshit is means to an end. Helium will go down as one of quote unquote "actual uses for blockchain". The proof is here. Lorawan coverage is now a solved problem.