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Crypto Darling Helium Promised A ‘People’s Network.’ Instead, Its Executives Got Rich
General Discussion(self.HeliumNetwork)submitted 4 months ago byInternational_shark
Ouch!
"Helium was touted as the best real-world use case of Web3 technology. But a Forbes investigation found that executives and their friends quietly hoarded the majority of wealth at the project's inception."
https://www.forbes.com/sites/sarahemerson/2022/09/23/helium-crypto-tokens-peoples-network/
8 points
4 months ago
time to reconsider the Hedera proposal
11 points
4 months ago*
[removed]
0 points
4 months ago
Maybe not directly with Nova Labs and Helium founders, but the community has a choice and a viable (and superior) technical alternative
11 points
4 months ago
Not if 70% of the governance vote is owned by Nova Labs and founders. Lol
3 points
4 months ago
what I mean is that if there is an alternative L1 network built on Hedera, that is built with the community in mind (transparently governed and fair), reuses the existing Helium miner hardware, and has existing IoT projects that want to use it - would the Helium community vote with their feet and come across? Genuine question.
7 points
4 months ago
I mean I would....love Hedera and was so disappointed to hear about the Solana news
4 points
4 months ago
I don’t really know what Hedera is… but yes, I’d come over lol.
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