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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

#241

Post by stephenhuey »

woodruffw wrote: post #236
swamp40 wrote: post #201

Helium isn't your typical crypto company. Their vision is actually very lofty - build a distributed low data wireless network completely independent of phone providers and cable companies. And pay the people who own nodes a percentage of the $ earned thru the traffic flow of their node. The payment just uses crypto because the ecosystem is a nice fit. Everybody knows what miners are and that they make money. The prob…

> Their vision is actually very lofty - build a distributed low data wireless network completely independent of phone providers and cable companies. It presumably connects to the actual Internet at some point, yes? Presumably via each (or some) nodes' residential ISP hookups. Otherwise it'd be a glamorized intranet. Extremely lofty visions that only loosely adhere to both reality and the practical applications of cry…

I know a guy who worked on the NYC Mesh! Pretty amazing how much ground (or air?) they could cover with a few tens of thousands of dollars.

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

#242

Post by jacquesm »

headsoup wrote: post #143
jacquesm wrote: post #134

Earlier quoted context omitted.

They never did. They left me as coins and I got exactly $0 in return. It's called a gift.

You still would have given that same gift when Bitcoin was over $50K?

Yes, that's exactly what I did. And as for virtue signalling, (see sibling comment) I really don't care what you or others think about that.

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

#244

Post by yieldcrv »

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…

Not the Terms of Service guys!

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

#245

Post by prepend »

adrr wrote: post #204
Nextgrid wrote: post #29

Earlier quoted context omitted.

Who cares? It's not like a packet that's a result of sharing/reselling suddenly "weighs" more on the network wires.

People running the hotspots should care, they could get prosecuted for unauthorized access of their ISPs network. Sharing you connection is not authorized. Don't like it, lobby to change the law but what they are doing is explicitly illegal.

The odds of that happening is negligible.

I suppose ISPs could try to make an example of a few customers. But I think that would be horrible PR as well as very difficult to prove.

How would they distinguish traffic that’s authorized and unauthorized? As their customer, how much do you think I can authorize? Can I grant my guests access? Can my smart lightbulbs access?

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

#246

Post by agentdrtran »

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.

Investing in ponzi schemes early is better than later, yeah.

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

#248

Post by swamp40 »

olsonjeffery wrote: post #206
swamp40 wrote: post #201

Helium isn't your typical crypto company. Their vision is actually very lofty - build a distributed low data wireless network completely independent of phone providers and cable companies. And pay the people who own nodes a percentage of the $ earned thru the traffic flow of their node. The payment just uses crypto because the ecosystem is a nice fit. Everybody knows what miners are and that they make money. The prob…

>Personally, I think the government should subsidize something like this to allow it to get off the ground. Earthquake data, climate data, traffic data, etc. Essentially public use. Literally the exact opposite of what web3 is. You're arguing for a _public good_, but web3's entire premise only makes sense when the opposite happens: everything is privatized, everything is monetized. THIS is the world that web3 makers…

Crypto is the payment method for this service. It's not an essential element, and there is much more to it.

I'm not exactly sure where your definition of 'web3' and crypto overlap, but there are many future public use cases for crypto. Banking the unbanked, protection against hyperinflation, etc. Maybe 10+ years away, but it will happen.

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

#249

Post by spaceman_2020 »

stiltzkin wrote: post #233
spaceman_2020 wrote: post #26

Earlier quoted context omitted.

The older protocols that were built in the depth of 2018-19 bear markets will survive. Many of them are also doing wonderfully well in terms of revenue. COMP, MKR, AAVE, CRV all make a ton in revenue and have a well-defined product-market fit. Crypto projects are tough to value. Their sheer global scale means that they can ramp up revenue and even profits extremely fast. StepN, a move-to-earn app reportedly made $120…

I do use StepN and should be noted that the $120 million was from the first quarter and the project has less than a year online. But that quarter GST and the sneakers were at ATH before the crash and people "invested" more than $1K for a pair of sneakers, earning were $30 dollars a day with a single common shoe and you could reach your ROI in 30 days. The numbers are different now as GST has crashed 98% and people wh…

The problem with any -Fi project (GameFi, FitFi, etc.) is always that the tokeonomics get derailed by speculators. In-game economics become unsustainable when outside investors who have no real interest in the game itself start pouring in money. Suddenly prices that might have made for a sustainable year long run become too expensive, pricing out real users.

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

#250

Post by swamp40 »

AlexandrB wrote: post #207
swamp40 wrote: post #201

Helium isn't your typical crypto company. Their vision is actually very lofty - build a distributed low data wireless network completely independent of phone providers and cable companies. And pay the people who own nodes a percentage of the $ earned thru the traffic flow of their node. The payment just uses crypto because the ecosystem is a nice fit. Everybody knows what miners are and that they make money. The prob…

> build a distributed low data wireless network completely independent of phone providers and cable companies. Don't the people buying the LoRa gateways just connect them their router, which is being provided bandwidth by phone and cable companies? Or alternately LTE, which is also being run by phone companies?

Yes, for now the internet is necessary to bridge all the gaps. But you can cover a 300 meter radius on each internet connection.

If the miner could pay each household for that coverage, it's a splendid idea - being able to grab information wirelessly.

It essentially opens up digital eyes into the real world.

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