Conversation

SBF
@SBF_FTX
2) [NOT INVESTMENT ADVICE]
@helium
is a network of decentralized wifi routers. What does that mean? It means that a bunch of people each own one of these things:
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SBF
@SBF_FTX
3) Each one of them is low-power, long-lasting, long-range, and small; they're little widgets that you carry around with you. They provide wifi in an area around you to anyone using the Helium network. Alone, one of them is silly: it's basically just tethering to your phone.
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SBF
@SBF_FTX
4) But if you have a *lot* of them, it creates something cooler. And in fact there are a lot of them. Already, around half of the US population is covered by Helium (!!!).
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SBF
@SBF_FTX
6) The tokenomics are interesting: both inflationary and deflationary. HST act as generators for HNT, creating new ones each month. But using internet from the Helium network burns HNT -- that's how you pay for it.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
8) Helium also has a proof of coverage algorithm that verifies where hotspot owners are, compensating them for providing coverage to the network.
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SBF
@SBF_FTX
9) The Helium network's communication also utilizes a blockchain to communicate who is providing wifi, where, when, and who's using it.
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