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Helium has practical uses - a cheaper alternative to cellular data for stuff like Lime scooters.
by pg5 5y ago
Helium has practical uses - a cheaper alternative to cellular data for stuff like Lime scooters.
- CRConrad 5y agoThe only practical uses of Helium are for weather balloons and for making your voice hilariously squeaky.
- colesantiago 5y agoThis can be done without the need for a blockchain. Adding a new technology + blockchain + a coin still makes it ponzi scheme scam, even worse when the price of this coin comes crashing down.
- kristofferR 5y agoWhy would individuals buy relatively expensive equipment, set it up and manage it, without the potential for return on their investments? The only reason Helium's LoRaWAN coverage is expanding rapidly is due to the crypto aspects of it.
- colesantiago 5y agoSo basically a ponzi scheme that is expensive to join with guaranteed diminishing returns in mining. If I would like to lose my money in style this would be it.
- vmception 5y ago> If I would like to lose my money in style this would be it. Well get in line, the backlog for receiving hotspots across all distributors is 6-9 months long.
- vmception 5y agoNobody wants a corporatecurrency And there is no human coordination mechanism without the freely convertible currency Blockchains provide the open source rails of all the account management and distribution, easing development costs. The infrastructure is already built compared to alternate ways of attempting to do this have fun doing that without a blockchain
- pshc 5y agoI was looking into Helium yesterday due to news coverage. "Proof of coverage" is a bunch of hot air, sorry. It's not resistant to Sybil attacks and GPS location is easily forged. Seems like a scheme to push hardware units that will topple once the token value runs out.
- vmception 5y agoSort of, Helium no longer sells hardware and the community votes on third party manufacturers to be approved for authorization on the Helium network. This has helped distributed hardware delivery more than any single organization was prepared to do, with the semiconductor and supply chain issues. There is definitely an opportunity to sell overpriced hardware into the community then. There are some other antenna-blockchain systems out there that look more like "schemes to sell hardware", such as Match X. There is a big and burgeoning market for these "passive income" things, people install hardware to earn a cryptocurrency. It is definitely worthwhile to sell the hardware if you can.
- CRConrad 5y ago> antenna-blockchain systems And earlier: >>> GPS So is this the Charlie Stross blockchain scheme?