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Helium has revenues of $6.5k/month after $365M investment from A16Z

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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#121

Post by readams »

pas wrote: post #118
pembrook wrote: post #79

Earlier quoted context omitted.

The miners absolutely are taking wealth from others—-I can’t believe I’m getting sincere pushback about this. The entire value of the Bitcoin you mined came from later stage “investors” in Bitcoin.

Wealth is not a zero sum thing. Are they getting USD (or drugs, or whatever) for their BTC? yes. obviously. is this good? well, ordering mob hits on some darknet site via BTC is obviously bad, whereas ordering magic mushrooms is much better than funding street gangs. meanwhile burning down the planet just to calculate hashes endlessly? obviously bad.

Wealth is not zero sum, but Ponzi schemes are. They do not create wealth, but pretend to do so until the scheme collapses.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#122

Post by heresie-dabord »

spaceman_2020 wrote: post #5

Look into SoRare’s volume. They raised over $500m. Volume is now lower than it was way back in 2020. The crypto down rounds are going to be hilarious. Note to investors: if you’re investing in crypto projects, carefully consider the ponzinomics and the vesting schedule. You want your unlocks to happen in the middle of the bullrun when exit liquidity is ample. And also remember that whatever you might think of as “nor…

No post body was provided.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#123

Post by CTDOCodebases »

efitz wrote: post #99

I looked into getting a Helium hotspot, but when I looked at my ISP‘s terms of service, the Helium use case is explicitly forbidden (I use Frontier Internet in Florida.) If you’re not familiar with it, what a Helium hotspot does is allow compatible IOT devices to share your Internet connection. I suspect that allowing random third parties to use your Internet connection it’s explicitly forbidden by the terms of servi…

The same thing happened with AirBnB and Uber and they are still around. Most people disregard the terms and conditions. ToS exist because of (and for) lawyers.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#124

Post by oefrha »

_fizz_buzz_ wrote: post #24
ddrdrck_ wrote: post #22

This thread lacks factual information : no source for the $6.5k/month revenue, and no source for the LoRaWAN market analysis supposedly demonstrating it is a "fake, overblown use case" Actually I would be interested in understanding better the choice made by Helium and the current and future use of LoRaWAN. When I first heard about Helium some years ago I wondered why they focused on this protocol compared to WiFi or…

> Helium’s economy looks moderate or small, depending on how you parse the numbers. According to Token Terminal, Helium’s revenue in June totaled $2.6 million. That’s down from the April high of $5.5 million but a 73% improvement over the same period a year earlier. In 2020, Helium’s June revenue was below $200,000. Eddy Lazzarin, the head of protocol design at a16z, noted that when his firm first invested in Helium,…

Context for commenters who can’t be bothered the read the article: it’s not a hit piece, it’s actually a glowing praise of Helium:

> Nova Labs’ Internet of Things network is one of crypto’s greatest achievements.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#125

Post by MrMan »

spaceman_2020 wrote: post #102
arcticbull wrote: post #50

Earlier quoted context omitted.

> If "web2" hadn't shut off its own users from any semblance of ownership in the platforms, or had done more for privacy, web3 would have died in 2017. Honestly nobody cares about these things. This is just a narrative that was grafted onto Web3 after the fact.

the users never care The builders do If you’re in the tech field and aren’t worried about privacy, the. I don’t even know what to tell you.

privacy is a basically impossible thing to achieve, like trying to be invisible in all spectrums.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#126

Post by D13Fd »

spaceman_2020 wrote: post #30
pg_bot wrote: post #25

Earlier quoted context omitted.

I've done my due diligence, there is no future in web3. I don't disparage early VCs who invested in blockchain startups because it is their job to put money into companies that could be revolutionary. However, the revolution has failed to materialize. While it may not be obvious to all it should become clearer in the coming months. When I say 'fraud' I don't mean juicing the numbers or asking forgiveness instead or p…

web3 is going to thrive whether you like it or not. Primarily because of three reasons: - Greed. Its absurdly easy to make a ton of money very fast in crypto. As long as that's possible, money will keep pouring into the system. - Gambling. The global gambling industry is half a trillion every year. Even if you think crypto has no fundamentals and is akin to gambling, it still represents a massive market. Opening a 50…

> If "web2" hadn't shut off its own users from any semblance of ownership in the platforms

What are you talking about?

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#127

Post by lfkdev »

pembrook wrote: post #69
buf wrote: post #27

I bought ETH when it was $7 back in 2017 and participated in literally every single investment I could until about 2019, resulting in 7 figure returns. I wouldn't touch the stuff now. The ability for regular people to invest in crypto back then made the ponzi-like architecture of it worth the risk. Now the VCs are trying to push their agendas, and it's blatantly obvious it's vapor.

Wait...what? You’re complaining about VCs pushing vapor while simultaneously admitting you participated in pumping “ponzi-like” schemes on regular people? You do realize those 7 figure returns you made were a direct wealth transfer from later-stage victims of the ponzi to you? I’m astonished you’re claiming moral superiority over VCs while sitting on wealth you took from thousands of poor people in places like Vietna…

Are you trying to say that ehtereum is a ponzi scheme? Do you think Bitcoin is also one? Don't get me wrong, there are alot of scams in the Crypto szene (like in any scene with a lot of money and not much regulation) but there are also legit, interesting projects. And to be clear; Ethereum is of course not a ponzi-scheme.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#128

Post by IgorPartola »

Strom wrote: post #120
Someone wrote: post #106

Earlier quoted context omitted.

Nvidia and AMD sold quite a few GPUs to crypto miners.

It seems that they also bet on the hypetrain lasting longer. They are now trying to cancel some of their TSMC orders. [1] They'll probably end up with a juicy profit overall anyway, but perhaps the more clear shovel sellers here are foundries like TSMC and Samsung. -- [1] https://videocardz.com/newz/nvidia-reportedly-wants-to-cut-t...

Clear winner is energy companies who sell electricity to miners :(

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#129

Post by spaceman_2020 »

D13Fd wrote: post #126
spaceman_2020 wrote: post #30

Earlier quoted context omitted.

web3 is going to thrive whether you like it or not. Primarily because of three reasons: - Greed. Its absurdly easy to make a ton of money very fast in crypto. As long as that's possible, money will keep pouring into the system. - Gambling. The global gambling industry is half a trillion every year. Even if you think crypto has no fundamentals and is akin to gambling, it still represents a massive market. Opening a 50…

> If "web2" hadn't shut off its own users from any semblance of ownership in the platforms What are you talking about?

Do you have any say whatsoever how your data and content are used by, say, Facebook? Or what kind of content is allowed/disallowed?

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#130

Post by spaceman_2020 »

guelo wrote: post #112
spaceman_2020 wrote: post #101

Earlier quoted context omitted.

I turned 10k into 300k without doing any of the above in 6 months. You need to fight your biases.

By timing the market on a coin hype cycle?

Pretty much - no “long term” passive investment in crypto.

Its a casino, but one with extremely good odds for players if you time it right.

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