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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

#151

Post by bauruine »

mcculley wrote: post #119
Double_a_92 wrote: post #116

Earlier quoted context omitted.

Funnily my ISP was actually selling Helium hotspots themselves. :)

I have long thought that ISPs should charge by bandwidth used. It would incentivize improving infrastructure. Any ISP that would charge by bandwidth used would want their customers reselling bandwidth.

>It would incentivize improving infrastructure

No it wouldn't. The actual usage has a negligible impact on the expenses for infrastructure. Most people barely use any bandwidth anyway. Even on 1 Gbit/s lines the average bandwidth used is in the single digit Mbit/s. And the usage basically doesn't differ if they have a 100Mbit/s or 10Gbit/s connection. Also those countries where data caps are still a thing are generally those with the worst Internet.

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

#152

Post by smachiz »

tarunmuvvala wrote: post #91
arcticbull wrote: post #46

Earlier quoted context omitted.

> I'm genuinely curious what their thought process is. The thought process for VCs investing in crypto is simple: they get a huge discount on the tokens in the raise that they can turn around and dump on retail a few months later for huge returns. Instead of waiting 10+ years for a traditional exit, they can get liquidity in a few months. As Chamath admitted on the podcast, even when they're on a vesting schedule the…

I think the next set of companies will become more smarter in their vesting terms. Just think about it, if these data point of selling claims get be bought to on-chain then I am sure people and next set of companies will not borrow some such investors. because of this particular reason I feel DeFi will replace traditional finance first before any other form of crypto companies takes. A recent IMF admitted that DeFi i…

> A recent IMF admitted that DeFi is 10x efficient than TradFi.I am sure once DeFi get a bit regulated and has better risk management principal embedded into code the system will become more efficient

Do you have the source for this?

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

#153

Post by smachiz »

anony23 wrote: post #135
pg_bot wrote: post #11

Earlier quoted context omitted.

Every single one of these web3 companies is going bust. They could all be built without tokens or a blockchain if they wanted to. There are only two things propping up the entire crypto economy, VC funding and fraud. Once the VC money leaves the ecosystem the dominoes will fall.

VC money won't leave.

This is what bag holders say.

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

#154

Post by detaro »

eternityforest wrote: post #146

Helium would be so cool if it wasn't crypto-based and used BT instead of LoRa, and was more focused on being local-first. They're doing some pretty amazing stuff as is, but Sidewalk/Tile/AirTags/YoSmart are doing it without crypto, and with small enough bandwidth to work via mobile. I'd much rather have a centralized but selfhostable system, where you choose what network(s) to be a part of, and payments or lack there…

Helium without cryptocurrency stuff is The Things Network, basically.

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

#155

Post by golergka »

thematrixturtle wrote: post #86
jacquesm wrote: post #72

Earlier quoted context omitted.

Not sure about Ether, but there are plenty of people that 'bought in' to the Bitcoin idea and mined some coins early on without 'taking wealth from others'. VCs are in there for entirely different reasons, and 'later stage investors' are always at risk of having their hair cut if what they invest in isn't worth what they paid for it, after all, they too were trying to take money from later day suckers. I never paid a…

Crypto is a closed economy. The only way to get USD out is by taking that USD ("wealth") from somebody else who is buying in.

That's not true. Cryptocurrencies provide value by enabling you to make transactions, and as their usage increases, so does their usability for doing transactions, and so does their value.

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

#156

Post by mikeyouse »

davidguetta wrote: post #108
thematrixturtle wrote: post #86

Earlier quoted context omitted.

Crypto is a closed economy. The only way to get USD out is by taking that USD ("wealth") from somebody else who is buying in.

But this is true for any currency

Nah. With ‘real’ currencies, goods and services are available in that currency. I can happily go about my business and transaction entirely in euros if I’m in the EU.

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

#157

Post by eric_cc »

pg_bot wrote: post #11
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…

Every single one of these web3 companies is going bust. They could all be built without tokens or a blockchain if they wanted to. There are only two things propping up the entire crypto economy, VC funding and fraud. Once the VC money leaves the ecosystem the dominoes will fall.

> They could all be built without tokens or a blockchain if they wanted to.

How would you build a decentralized, cross-chain asset exchange without a blockchain?

I agree there are far too many superfluous tokens. But there are plenty of real projects that are based on blockchain.

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

#158

Post by alchemist1e9 »

headsoup wrote: post #140
lfkdev wrote: post #127

Earlier quoted context omitted.

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.

Do you think Bitcoin reaching ~$70K was purely legitimate?

It’s an interesting question that for me I can’t give an answer because it has be thinking what does “legitimate” mean in the context of a market.

What would make a market melt up illegitimate? Traditionally I was taught that pump and dump and painting the tape are illegitimate market behaviors. Otherwise is a mania illegitimate or isn’t it just a natural market phenomenon?

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

#159

Post by [deleted] »

eric_cc wrote: post #157
pg_bot wrote: post #11

Earlier quoted context omitted.

Every single one of these web3 companies is going bust. They could all be built without tokens or a blockchain if they wanted to. There are only two things propping up the entire crypto economy, VC funding and fraud. Once the VC money leaves the ecosystem the dominoes will fall.

> They could all be built without tokens or a blockchain if they wanted to. How would you build a decentralized, cross-chain asset exchange without a blockchain? I agree there are far too many superfluous tokens. But there are plenty of real projects that are based on blockchain.

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