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
#2Helium is a terrible use case for cryptocurrency. Cryptocurrency is for money, only for money, and not for any other purpose.
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#3Helium is a terrible use case for cryptocurrency. Cryptocurrency is for money, only for money, and not for any other purpose.
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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#4Helium is a terrible use case for cryptocurrency. Cryptocurrency is for money, only for money, and not for any other purpose.
Isn't the idea that you'd get paid for use of a LoRaWAN access point pretty much the same thing as money. Sure, earning HNT for mining/proof of coverage is nice, but I see the long term game is pretty much earning money (via crypto) for use of your home internet connection. Otherwise why the hell are you building a wireless network in the first place?
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#5Look 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 “normal” volume will crash 90%. And when you think it has stabilized, it will crash 90% more.
The number of investors who bought the top is hilarious. But then, this is also a field where risk management is treated like a sin.
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#6Is the $6k/mo revenue from people using the Wi-Fi hotspots, like how someone might pay for an Xfinity hotspot if they aren’t a Comcast customer? Please forgive the ignorance.
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#7Interesting - I had never heard of these guys before the most recent episode of the Planet Money podcast on NPR.
https://www.npr.org/2022/07/22/1113115868/little-house-on-th...
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#8The problem with Helium is that there's virtually no demand for LoRa protocol's super-low datarates. Cellular is a different story. There are already 3rd-party cellular towers operators who profitably provide data service to handsets on behalf of the big network providers. Tokenomics could work for cellular with carriers providing demand-side token consumption. However, cellular wasn't Helium's initial target, and watching them migrate to multi-band / multi-protocol has been a bit cringey.
Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#9Helium is a terrible use case for cryptocurrency. Cryptocurrency is for money, only for money, and not for any other purpose.
Isn't the idea that you'd get paid for use of a LoRaWAN access point pretty much the same thing as money. Sure, earning HNT for mining/proof of coverage is nice, but I see the long term game is pretty much earning money (via crypto) for use of your home internet connection. Otherwise why the hell are you building a wireless network in the first place?
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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z
#10Helium is a terrible use case for cryptocurrency. Cryptocurrency is for money, only for money, and not for any other purpose.
Agree. The amount of spectrum they use for their application is so small (15 MHz?) that there is really no good use-case that can not be addressed by cellular or Wi-Fi. Helium is just a toy project with good marketing. It is really a scam.