[lozaning]

They don't need to do a traditional ICO to grift.

In order to join the network and start mining, you've got to buy $80 worth of gear from some company marked up to $600. That company then has to pay $40 to the Helium company in order for them to generate private keys that let your miner join the network and start making money.

Helium is just https://network.fon.com/ on a different frequency + a bunch of unneeded crypto bullshit that hides the grift.

Call me when I can stand up my helium miner based on open source hardware and software and make money using that.

[delabay]

If your goal is to build a global network with unheard of capital efficiency in 1/10th the time as incumbents, then the crypto bullshit is means to an end.

Helium will go down as one of quote unquote "actual uses for blockchain".

The proof is here. Lorawan coverage is now a solved problem.