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I 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
by pshc 5y ago
I 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?