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Usually PMF has a very simple metric: are people using your product, in increasing numbers, and talking about it? (This doesn't mean you have a business, but it
by el_nahual 4y ago
Usually PMF has a very simple metric: are people using your product, in increasing numbers, and talking about it? (This doesn't mean you have a business, but it means you have a product).
But with "web3" so many projects had insane usage but only because the promise was get-rich-quick. The product itself had no value.
The usual signal was distorted.
- 0xB31B1B 4y agoUsers and pumpers are not the same. The most successful web3 project (helium) is a horrible failure. No one using the network, node owners being paid Pennie’s per month, and the whole product/company could have been tested and developed at 1/10 the cost if they built using a normal centralized model instead of creating a token.
- PaulHoule 4y agoWireless communications has terrible geographic distribution. 90% of helium access points will be installed right next to other helium access points in places that are crowded with early adopters. If there are a lot of them they will interfere with each other in some places, but almost everywhere there will be no service. If there wasn't network planning as in a cellular network you would need very strong market based mechanisms such as people getting paid 100x as much to put up access points in areas without coverage, being charged to join the network if they are in a place that has too many access points, etc. Even cellular networks have awful economics if you demand 100% coverage, they look cheaper than fiber when you have 70% coverage but somewhere in the 90%'s they become expensive again. Big Telecom wishes it could get telematics hardware in all automobiles to add hundreds of millions of subs but it does not have the desire to make the investment to get sufficient coverage for those things to really work.