LoraWAN + Cryptocurrency = Helium. A good idea?
Do you want to get rich in a short time? The Helium “People’s network” currently is growing like hell and creates a lot of wealth. It combines LoRaWAN technology with cryptocurrency. How does it work, and should you join it? Let’s have a closer look. And please, watch the video till the end. This time it is vital!
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Links:
Rak LoRa Concentrator:https://s.click.aliexpress.com/e/_A8sVq5
Raspberry Pi 4: https://amzn.to/3eXyVLw
Helium homepage: https://www.helium.com/
Fluffy’s page: https://explorer.helium.com/hotspots/1126vCuMXdMmzQLZKBZDd9JCGzvWrBRQyUaKYBtYhj9oMNJkditf
Data transfer of Helium: https://explorer.helium.com/
LoRa Playlist: https://youtube.com/playlist?list=PL3XBzmAj53Rkkogh-lti58h_GkhzU1n7U
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Thanks for educative video. I love the way that we have advocates for tradn and hodlin alone as well as most befuddle purchasing and holding coins as a venture. That is dangerous on the grounds that most analysis about future expectations aren't right. No one knows without a doubt the future with btc or the ALTs and talking about capitulation and an inversion where the bulls assume responsibility totally, you must be certain when it previously occurred. 3 years prior, we thought it was a capitulation when BTC dropped from about 20k to 4k and it was relied upon to rapidly bounce back and find new highs. You need to get an excellent framework for you to be effective in the crypto market. Anything can occur on the lookout. A note of caution to beginners and mid_experience dealers is to be cautious in the event that you don't totally comprehend or understand what you are doing on the grounds that simply like how crypto is building individuals on their approach to riches, it is likewise obliterating and bankrupting others so don't follow the FUD or FOMO yet follow the cash. I was guided constantly by Gary Saville exchange examples and signs. That by itself caused me even a trader. He is an incredible investigator and amazingly great at planning exchange procedures for various market circumstances and his signs are exact. I'll advice you to trade your BTC you have with precise trad signs and methodology. You all can contact him on Ͳҽӏ ҽցɾąʍ@ Gary_Saville1
For sure the sellers of gateways are going to make a lot of money.
I will stick to what I do best. Lead Andreas. Lol
Do you translate your title and description ? Or it is automated by Youtube ? I have the description transled in French: "Voulez-vous devenir riche en peu de temps? Le «réseau populaire» d’Hélium se développe actuellement comme un enfer et crée beaucoup de richesse. Il combine la technologie LoRaWAN avec la crypto-monnaie. Comment ça marche et devriez-vous le rejoindre? Regardons ….". Sinon super vidéo 🙂 !
Thank you very much, that was one of the funniest videos you every made.
The massive clue to this 'scam' is the word Miner in the product description
Of course we all watched the video till the end… why wouldn't we ?! Although I grant you to be extremely wealthy, please, do reconsider of making videos…. 😉
Insummary; it's a pyramid scheme.
It uses the greed of cryptocurrency (which is stock, not money!) to get people to grow the network which is then used by others (probably mostly criminal organisations beause the government can't eavesdrop) as a free channel of communications. The problem is that when the bubble pops and people learn that they actually can't make any significant money anymore, they will shut their nodes down and the network becomes useless again.
The fact that there are limits on the number of new nodes proves that they are desparately trying to make it sound like owning a node is a privilege, they are limiting suply to ensure demand. this is an old trick used by conmen, you know this, TV commercials tell you every day that you must "order now because supplies are limited". If they allow everybody to start a node (which is what you'd want if you are actaully biulding a network) then they will reach the saturationpoint too quickly and the money stops flowing to *THEM*.
This is why the gateways in cyberpunk2077 had money inside them
So it's a ponzi scheme?
Before the name Ponzi was mentioned I could see that's exactly what it is. The money going to the original few only comes from the influx of new user members. When new members stop coming in, the system dies.
Andreas, please spend some of your gigantic earnings here in Thailand, and I hope you can buy us some super racing bikes! But somehow I suspect you will continue your great YouTube production!
Wow I love a good story money for free!!!!!! Even better great. But an old bugger like me has seen it all before so I will work for my money. Simon
Oh no, not the last video?!? I hope not 🙂
Wait whaaat!1 You also have a PHD in Business Administration !! Holy Cow… Whats your day job?
Reminds me of my favorite business idiom "What I lose on every unit, I will make up for in volume"
People will be so alarmed at what Bitcoin will tune up to in few weeks if they miss the opportunity to buy and invest in bitcoin
We will certainly miss your informative content with the unbridled success of your new venture! Please enjoy your new life in the tropics!
Maybe look into the matchX M2 pro miner. It’s a better option in the Lorawan world. Helium hotspots have a 6 months wait time. M2 1 month.
I find it hilarious that hardcore TTN users can't see the value in actual verified real-world coverage…
LOL! Seems like RAK can actually make good money being simply an 'innocent' hardware supplier to victims.
Thanks Andreas.
Interesting video, but be conscient that if you want to build you own hotspot with the listed materials, you won't get any HNT anymore.
If you plan to buy an official gateway, make sure you have checked that the distribution of HNT will change overtime. In the futur you will get less for the Proof of coverage and more for the data transfert. As mentioned in the video, the network is not carry much data at the moment …
The simple way to get rich with helium, is probably to buy HNT and hoping the value will get higher. By the way, the token generation will be halving on the 1. August 2021 (may be a sign, because it's the day of the swiss national day !)
i love that ending hahahaahaa
great video!! thank you for sharing!!
To figure out the helium reward scale, I think you need to earn a second PhD just to understand the "Mining and Token Rewards" page concerning HIP10. But since you want more, you'll also have to learn HIP15 and HIP17 on the "proof of coverage" page, which for a guy with just two PhD's remains a challenge (no pan intended). Please do that while you are cruising the southern oceans on your 80ft sailing yacht. Bye!
For a rural technology (LoRaWAN) the concentration of the hotspots seem to be in urban areas where more cost efficient data packages are available. If I set one up on my ranch, it won't make any money since there aren't any hotspots in the antenna range to PoC my existence. So much for rural LoRaWAN access. Maybe it is expected to grow? I may get one just to see what it does. It might take a few years to earn enough to give it value…
I complained about them removing the DIY hotspot information on Twitter. The Helium CEO responded publicly "because of security issues". LOL
Ok, so I am not getting rich that way. Who was surprised such BS is a scam, finally? Thanks for this one, Andreas. We can still meet in fancy places, just need another scam idea now …
Wow, thanks for the heads up!! I just ordered 50 of the things. Now while I wait for them I can spend my time picking out my new yacht and shopping for that luxury condo. :). As the saying goes… if it sounds too good to be true, it probably isn't.
Re-watched for giggles. "Knowledgeable Hot-Spot operators," "The whole business world uses Helium," 🙂 It seems that none of the speculators have any use for LoRaWAN themselves even 😉 a clue I think! "Who cares about transmitting data" 🙂
My Calendar is off, must be April 1st again.
I think you missed some other aspects of their Ponzi scheme. There seems to be an issue that only deeply connected devices seem to be compensated, nothing for those of us that want to extend coverage to the fringe of the city or out into rural areas. IMHO the business model was flawed from the beginning given LoRaWAN's strengths and weaknesses. I'd much rather support a community effort like TTN.
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