Vitalik Buterin
@vitalik.eth
What are the "DePIN" projects that people think are most likely to actually work? It feels like the category is a new name for something that's been around for a decade (StorJ, various decentralized ubers...) but has never gotten off the ground? So what's the bull case for why it will get off the ground now?
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two3oh2 🎩
@2302
Helium has deals with T-Mobile iirc so as far as DePIN goes it is probably the most promising, though it seems to be marketed as merely an American low-cost option
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Happy Days
@happydays
Both supply and demand sides are heavily incentivized by their new token $mobile . What happens when token incentivization runs out?
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Sam Gutentag
@samgutentag
It’s still a $20 unlimited phone plan, which compared to other US carrier options is a big incentive itself
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Happy Days
@happydays
Yes thx to token incentivization - they r removing most of the cost on the supply side by emitting and minting free tokens to suppliers (what happens when token incentivization ends?). I would love it to succeed but hnt still needs to prove that it has PMF after token incentivization runs out.
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Happy Days
@happydays
But knowing how crypto works, helium team will just mint a new token for next cycle and run it back again lol, and u all will buy it up again. Last cycle they had $hnt, which was a big failure; they r running it back this cycle again with $mobile. Will this time be different? :)
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