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from what i understand helium is the least stupid cryptocurrency... thing... since it actually has a goal besides "make infinity money" and the coin is there to serve an actual useful purpose (incentivize people to set up and run nodes, which do useful poo poo instead of just light coal on fire). being least stupid still makes you stupid, though.
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Sep 16, 2021 21:18
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you're thinking of pennies you idiot 
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Sep 16, 2021 21:18
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Aren't "data credits" the freemium currency for unlocking exclusive outfits in Cyperpunk 2077
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Sep 16, 2021 21:24
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Shame Boy posted:from what i understand helium is the least stupid cryptocurrency... thing... since it actually has a goal besides "make infinity money" and the coin is there to serve an actual useful purpose (incentivize people to set up and run nodes, which do useful poo poo instead of just light coal on fire). This was actually my argument: sounds fine but people are paying for it, the token had no intrinsic value, it's a payment for service. If it wasn't then who's paying the power bill? Dollars had to be going in otherwise it was a pyramid scheme of people paying for a node by getting others to use it The fact of it then going up from cents to dollars through speculative crap almost completely undermines the point of the network though, and kind of proves my point about it all being divorced from anything approaching fundamentals. aka "good idea, but why did it involve blockchain?"
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Sep 16, 2021 21:28
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double post! how can the forums use blockchain to prevent this?
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Sep 16, 2021 21:28
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Shame Boy posted:from what i understand helium is the least stupid cryptocurrency... thing... since it actually has a goal besides "make infinity money" and the coin is there to serve an actual useful purpose (incentivize people to set up and run nodes, which do useful poo poo instead of just light coal on fire). yeah, this sounds like an actual product that someone might actually pay money for? it’s not a very good idea for a business but it’s way ahead of a typical crypto scam
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Sep 16, 2021 21:30
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Powerful Two-Hander posted:first day back in the office and I got in an argument about cryptocurrency with a colleague, in this case about the "helium network", my argument was that if you're standing up a sensor network then someone has to be paying you real money, so money is going in somewhere, and if if each node is not processing 'blocks' to issue tokens or whatever then you have a central authority doing it, so this is not 'an exciting use case made possible by cryptocurrency', it's a mesh network with a central authority that you pay to use. helium is using LORAWAN and licensing their "hotspot miners" to "hardware" companies that sell $300 raspberry pis if you try to ask who the target user of the helium network is you’ll get answers like iot, rental scooters, farmers paying to use sensors, and scientists who all would definitely have access to cheaper devices and free/cheap data but someone apparently is setting a price floor for all the helium tokens a16z is a venture capital firm that’s basically pumping money into a bunch of these crypto schemes https://youtube.com/watch?v=kv1EKsxDrdQ
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Sep 16, 2021 21:39
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Powerful Two-Hander posted:double post! how can the forums use blockchain to prevent this?
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Sep 16, 2021 22:10
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Computer Serf posted:helium is using LORAWAN and licensing their "hotspot miners" to "hardware" companies that sell $300 raspberry pis this is exactly what his argument was complete with "ohh but farmers" etc. I didn't realise a node was 300 bucks though, that's crazy. the worst thing though is that of it is for farmers, scientists, etc. Then why are random people "investing" in the token to get returns?
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Sep 16, 2021 22:54
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Powerful Two-Hander posted:this is exactly what his argument was complete with "ohh but farmers" etc. I didn't realise a node was 300 bucks though, that's crazy. You know why OP
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Sep 16, 2021 22:55
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EorayMel posted:You know why OP because every day we move further from god's light
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Sep 16, 2021 22:56
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the fonera but with bitcoin "community mesh network but with bitcoin" is pretty dense mass of stupid failed technologies. someone ask if they plan to add iot support for ouyas, cuecats, and juiceros
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Sep 16, 2021 23:06
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just learned about "functional" nfts, which is pushing the limits of meaning for the words learned and functional https://twitter.com/ArtsyAegis/status/1438283511358709764 he's defending these strong nft things which have another layer of imaginary bullshit attached in the name of communism because we need bitcoins to get out of capitalism apparently the nft acts as some kind of stock investment which pays dividends for running a "node" only you don't have to run a node just buy the nft and also they dont guarantee it will pay anything like the amount they say or actually do anything?? i swear these guys reinvent 5 layers of stock market idiosyncrasies but with less useful function and pretend to understand it so they can gatekeep any argument by saying you dont understand unless you read some idiots thesis on triple leveraged nft shell companies sorry if this has already been covered i didnt read the thread
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Sep 16, 2021 23:13
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DBZMpregfanclub
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Sep 16, 2021 23:19
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Computer Serf posted:helium is using LORAWAN and licensing their "hotspot miners" to "hardware" companies that sell $300 raspberry pis Well the argument with supposedly decentralized exchanges like Uniswap is that because their governance proposals are decided by token holders instead of a board of directors, that it counts as being decentralized. But a16z and other VCs grab an untold amount of tokens in the first round of placements of these orgs. Doesn't that mean they essentially are a centralizing entity?
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Sep 16, 2021 23:21
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that reminded me of a bitcoiners future fanfic where something, drones I think, was all organised out of a central point but they just called it a decentral instead
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Sep 16, 2021 23:23
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Boxturret posted:that reminded me of a bitcoiners future fanfic where something, drones I think, was all organised out of a central point but they just called it a decentral instead Is that the one with the fidget spinner birds
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Sep 16, 2021 23:27
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EorayMel posted:Is that the one with the fidget spinner birds the ones with lights like bikes? no that's different
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Sep 16, 2021 23:36
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https://twitter.com/Fightful/status/1438578194387390468
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Sep 17, 2021 00:01
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https://twitter.com/PopulismUpdates/status/1438211394491412484
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Sep 17, 2021 00:24
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uniswap.avi
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Sep 17, 2021 00:33
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Helium is ultra stupid because if you have the sort of low data rate device that would work on a LoraWAN network, you can just use something like NB-IoT which runs on cell networks. T-mobile has a NB-IoT network in the US, for example. It costs something like $1/month for data.
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Sep 17, 2021 00:43
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can anyone explain exactly what kind of data third parties can buy from the helium sensor network, its hard to find out with all the focus on the coin poo poo
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Sep 17, 2021 00:44
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it's so nice to see antibitcoin graffiti next to a burning bitcoin vending machine, more countries should follow suit
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Sep 17, 2021 01:35
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Shame Boy posted:you're thinking of pennies you idiot I think he's saying that dollars have a negative net value because of DEBT (and also inflation but inflation of something with negative value would go to zero, right?) incisive commentary
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Sep 17, 2021 02:26
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inciteful commentary
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Sep 17, 2021 04:00
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Munkeymon posted:I think he's saying that dollars have a negative net value because of DEBT (and also inflation but inflation of something with negative value would go to zero, right?) i know what he thinks he's saying, he's just wrong and an idiot
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Sep 17, 2021 04:37
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lmao https://twitter.com/DickWhitman_BTC/status/1438389318972805129
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Sep 17, 2021 04:39
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oh thank god, lighting bitcoin ATM's on fire is in fact good for bitcoin, i was worried for a second https://twitter.com/DickWhitman_BTC/status/1438408382797463558
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Sep 17, 2021 04:41
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bitcoin is about freedom! no, not like that.
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Sep 17, 2021 04:42
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dick whitman
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Sep 17, 2021 04:44
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ultrafilter posted:inciteful commentary invective commentary
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Sep 17, 2021 04:46
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dick whitman wokerage
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Sep 17, 2021 06:00
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Boxturret posted:dick whitman when i was a kid i had a friend whose dad was named dick whitman, i'm p sure its not the same guy though cuz he was a law professor and a mormon. my friend was one of 7 kids and was an uncle at like age 8 which was weird to young me cuz my only uncle was like 35 at the time.
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Sep 17, 2021 06:50
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*squints* *rubs eyes* I think my LASIK went horribly wrong somewhere, this cannot say what my eyes are telling me it says.
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Sep 17, 2021 08:00
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gschmidl posted:*squints* ask not for whom the internet nuts for
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Sep 17, 2021 08:02
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I've just remembered the other use case touted; "with helium you can have sensors on inventory to track high value items!" Ok but you can do that with RFID in a warehouse "ah but outside the warehouse so your package can be tracked!" Then it's in a delivery van, if it goes missing I know where because I know I put it on the van..."no but you see then you'd know where it is if it is stolen!" Unless they just take the sensor off. "...." lotta mental gymnastics to demonstrate the "use" of something that's allegedly intrinsically valuable
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Sep 17, 2021 09:11
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oh no its the rfid pickles all over again
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Sep 17, 2021 09:16
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Blockchain is just an encrypted inventory system but why would an encrypted inventory system even be beneficial explain how my mail, which is presently tracked just fine and they send me an email every morning with scanned images of the mail, would be improved by this blockchain poo poo. Or maybe tell me how blockchain poo poo would improve on the CUSIP system? lI'm sure it's great for keeping a super secret spreadsheet listing all the train sets you've collected.
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Sep 17, 2021 09:23
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oh wow, that's like 50% of the bitcoin atms in their country destroyed
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Sep 17, 2021 10:30
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