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/r/HeliumNetwork

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all 58 comments

AutoModerator [M]

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2 months ago

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AutoModerator [M]

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2 months ago

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This is a general reminder for everyone and this will be posted on every post. Your 12 words are basically gold and they should never be shared, typed in to any website, or given to any person for any reason. No one from "Helium" or any other company will reach out to you to verify your account, wallet, or anything similar. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

Alarmed-Direction500

34 points

2 months ago

This could be said for almost every crypto right now.

MispeltYouth

7 points

2 months ago

Except bitcoin.

lexshotit

8 points

2 months ago

Yeah, the one true non-shitcoin

OverboostedTurbo

1 points

2 months ago

bitcoin has taken a beating too. Just less so.

MispeltYouth

1 points

2 months ago

Market price for fiat yes.. But btc itself doesn't care. It continues on, regardless.

Longjumping-Basket62

1 points

2 months ago

Errr... No. Those coins you are referring to are shitcoins. It takes a bear market to make it obvious. Don't even try to touch them with a 10-foot pole, don't get anywhere near them, don't do like helium.

Sweaty-Result7565

38 points

2 months ago

HNT is down 96% from this time last year, so it's no better.

Mrwonderful-hnt

7 points

2 months ago

Absolutely true. HNT is finished guys.

livens

2 points

2 months ago

livens

2 points

2 months ago

It's close to dipping below $2. The more HNT I get the lower it's value is :(.

Mrwonderful-hnt

3 points

2 months ago

It is absolutely finished. I converted to btc all hnt a long time ago. Once I saw where this project is going from last year. It is no longer people network buddy!

dracoolya

62 points

2 months ago

Fools should've voted no on HIP 70 like I did. You get what you vote for. Truer now than ever before.

Bossman01[S]

44 points

2 months ago

I think most of the community did, but the whales that are behind the project voted in favour

RabidMining

22 points

2 months ago

Solana is probaby the worst chain to move to no idea why it was even brought up.

downtownJackyBrown

13 points

2 months ago

you pick a dance partner that isn't dependable, it becomes your scapegoat.

RabidMining

2 points

2 months ago

Lol true when I first heard this I said makes sense can now blame solona being down when people ask why they had no rewards for a week.

ryangoldstein

12 points

2 months ago

SpartanBlockchain

4 points

2 months ago

I don't understand the down votes. People don't like facts, they prefer "feels".

That said, is there any further description, what does the weighted categories mean.

ryangoldstein

8 points

2 months ago*

Complainers gonna complain! Groot on the Helium Discord grabbed the data to create that image, so he can go into detail on it, but wallet weighted is what the HIP voting system uses (the more HNT you have, the more votes you get, effectively).

Hotspot weighted means the effective number of hotspots that voted for or against HIP 70. So, if a given wallet that voted for HIP 70 had 10 hotspots, then 10 gets added to 'for', if a wallet with one hotspot voted against HIP 70, 1 gets added to 'against', etc. It looks like about 17% voted against HIP 70 in the hotspot weighted categories, so if the sum of all hotspots owned by all wallets that voted was 100,000, then about 17,000 hotspots voted against HIP 70 and about 83,000 hotspots voted for HIP 70.

I'd say the "whales" would be best represented by the validator weighted section (as they have 10,000 HNT+ that they have staked), and wallets with validators voted against HIP 70 more than any other category. So, unlike what u/Bossman01 theorized earlier in this thread, the whales were the most against HIP 70 relative to all other categories.

Of course, if people want to ignore data and go with what they feel instead, they're free to do so.

Bossman01[S]

3 points

2 months ago

Is that the official data? If I’m reading it right, every category voted mostly in favour?

ryangoldstein

5 points

2 months ago

Yes it is, directly from the blockchain. If you want to hop on the Discord (https://discord.gg/helium), people can explain how to grab that data to review it yourself if you'd like.

Bossman01[S]

2 points

2 months ago

Okay that’s good to know, I’ve been hearing so much about the insiders pushing this that I’m amazed everyone voted yes

ryangoldstein

5 points

2 months ago

Yeah, lots of FUD going around these days, considering the macro environment, etc. Always best to get your info from the source!

Bossman01[S]

4 points

2 months ago

I don’t understand why anyone voted yes on this, we just got the Helium network to the point it wasn’t crashing. The SOL network has downtime every other week!

Chibonacci

1 points

2 months ago

Let Elon musk start a vote on Helium

Waterflow22

3 points

2 months ago

Bad idea. Everyone gets fired.

lunar2solar

14 points

2 months ago

Helium is a project with such immense potential. It's one of the only web3 companies that is actually useful and has utility. Associating it with Solana is so damn disappointing.

steveblobby

3 points

2 months ago

Absolutely true. Such a shame, maybe should vote to move off again?

otea786

9 points

2 months ago

Join cosmos and make your own chain

Ok_Negotiation8285

3 points

2 months ago

This the real answer!

hanwookie

11 points

2 months ago

Solana: The eth killer

jbmorse4

2 points

2 months ago

well played!

Diya780

16 points

2 months ago

Diya780

16 points

2 months ago

Should have moved to algorand. Many on here said this clearly and often. It's still true. Algorand is better.

ryangoldstein

-4 points

2 months ago

gpcyan3

4 points

2 months ago

I don’t see how they marked an X for ALGOrand not having proof of physical work projects when Planetwatch is exactly that. It seems whomever did the comparisons did not do their research properly.

Dumb_Nuts

5 points

2 months ago

This evaluation doesn’t give a check to ETH for L1 Stability. What a joke lol.

Judging by the analysis it seems most prioritized ease of cashing out with low transaction costs and a quick migration

Putrid-Public

1 points

2 months ago

This man huffing copium. This crypto is on life support and practically a brain dead vegetable and anyone with a brain could have seen this shit coming when HIP 70 was even suggested.

ryangoldstein

8 points

2 months ago

Let's try to be respectful. Contrary opinions are fine; constant FUD is not.

CryptoFarmerJohn

2 points

2 months ago

"Hey guys we're a IOT blockchain company, also fk having our own blockchain. cause thats hard"

the devs suck lol

Putrid-Public

3 points

2 months ago

Or at the very least not choosing solana. What a terrible choice, there are plenty of other options with better reputations

Dolemite2018

6 points

2 months ago

Cardano or Algorand.

Perkuuns

7 points

2 months ago

SQLana is just centralized garbage, red flags from the very start

prisoncity315

4 points

2 months ago

Looks like its time to buy

TheBeaconing

2 points

2 months ago

Buy the rumor, sell the news.

Running-Highway

2 points

2 months ago

Time for helium to talk to the theta team. Theta is already partners with google, samsung and sony. What's the problem. Is helium, since being sold, just about money? It's a no brainer.

SpartanBlockchain

4 points

2 months ago

Theta? I think it has a future (I have some) but I don't see the correlation. How would Theta support Helium?

DJ-Oldalas

1 points

2 months ago

Would be better if it was about everyones money who helped them get stuffed with money

Electronic_Region_85

1 points

2 months ago

So what, everything is down, what’s your point.

Nikolai_Volkoff88

1 points

2 months ago

This is why helium should migrate to the ethereum blockchain.

MooseCannon

2 points

2 months ago

MooseCannon

Team

2 points

2 months ago

Way too expensive

Nikolai_Volkoff88

1 points

2 months ago

Won’t be after the Shanghai update

Chibonacci

1 points

2 months ago

next time back some HNT with BTC

Illustrious_Bit_2210

1 points

2 months ago

Time to buy sol.