Two ways to make a name for yourself these days:
* crypto
* talking sh*t about crypto
Crypto is at a low point right now. If you time it right, it's like reporting that investing in the stock market is bad after the '08 recession.
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
#62This 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…
This kind of technology is intended for sensor networks- think water meters, pipeline monitoring, EV chargers and the like.
The problem I see with helium is much more of a commercial one; the big customers will need much better established network operators who can commit to operating such systems for decades.
The money is there, but equally for customers investing in the wrong platform is risky too- eg this happened with the UK’s first generation smart meters, where many became ‘dumb’ again due to lack of interoperability between operators. It’s still being having at a cost of several tens of million of pounds. The solution which is also relevant to Helium by way of contrast was to set up a ‘Smart Data Communications Company’ as a regulated utility, and have that operate and develop the relevant networks. It generated around £430M in 2021 revenue as a non-profit.
I can only guess Helium’s strategy is to subsidise it’s infrastructure until someone (really multiple someone’s) like ConEd can be convinced to use it but there are an awful lot of steps along the way I don’t understand their plan for.
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#63Two ways to make a name for yourself these days: * crypto * talking sh*t about crypto Crypto is at a low point right now. If you time it right, it's like reporting that investing in the stock market is bad after the '08 recession.
Seeing crypto as an investment is a problem.
It relies entirely on someone else coming along later and paying more. It’s not a productive asset in any meaningful way.
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#64This 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…
> no source for the $6.5k/month revenue It's in a photo attached to the first tweet: https://readthegeneralist.com/briefing/helium > Data Credits are used when onboarding a hotspot, asserting a location, and processing a payment. Onboarding hotspots, in particular, is intensive from a Data Credit perspective. Since Helium is onboarding so many new hotspots, this skews results, suggesting greater customer activity tha…
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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#65Google had no revenue for years. But turned out to be one of the best investments of all time. To figure out how they are doing, the first thing I would look at is a chart of Helium's usage growth.
Google had a real use case and solved a problem from day one. What's Heliums use case?
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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#66A16Z is obviously well known, but are they respected? I naïvely assumed that they would have access to enough expertise and deal flow to avoid the most absurd losers, but a few examples in the last few months have made me question that.
And an important follow up question: do they have enough dry powder to keep sustaining these things?
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#67I 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.
Any receipts?
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#68I've had a Linxdot hotspot running in my house for the last few days. Apparently it's earned me 0.08 HNT so far (about $0.70 USD.)
I've been thinking about building an IoT device for my mailbox, so I can get a notification when we get a letter. It could be fun to build something that uses the Helium network. Maybe solar powered, and using a weight sensor or something. (I probably don't need Helium for this but it would be fun to try it out.)
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#69I 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 Vietnam, India, Brazil, Nigeria, etc. (whom were all later stage investors in these crypto schemes).
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#70You can go to the Helium Explorer and look at nodes and their earnings directly: https://explorer.helium.com/
Zoom in, click a cell, click a node, click "30D" and you'll see the amount of HNT and how much that is worth at the current market rate. I didn't see any $6,500 nodes.