Vitalik Buterin on Warpcast

Vitalik Buterin pfp

Vitalik Buterin

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 🎩 pfp

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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July pfp

https://warpcast.com/july/0xfdc33e31 We want to build a machine that's going to enable anyone to build DePIN projects themselves, instead of having to wait for the hardware manufacturers to catch up. A HW/OS that's built for Ethereum, what would it look like if it could sense in the real world?

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Idan Levin 🎩 pfp

Idan Levin 🎩

My only guess is AI agents AI agents don't have an identity in the 'real world' so they can't automatically consume services like AWS/GCP They can consume services from DePIN though like storage (IPFS/Arweave) or rendering services (Render). So it opens up internet services to those without a human identity

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Matthew pfp

FOAM’s @foamspace progress with bringing Proof of Location to Ethereum is very exciting to follow. They recently shared their demo of Proof of Location on mobile with the use of their new wireless user device. 🫧 Besides Proof of Location, FOAM enables Ethereum interactivity without an internet connection!

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SIADUDE pfp

The one DePIN project i'm using with my bike and which actually works pretty well, is mapmetrics.org They are building a web3 alternative to google maps. You'll need a SPT (special position tracker) for your bike, scooter/motobike or car; https://techticsengineering.com/?ref=SIADUDE

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Eylon 💨 pfp

Remember back in 2017 there were a few projects who want to decentralize ISPs? I think that has a compelling use case right now, with physical infra, long range WiFi, Starlink.

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Ferran 🐒 pfp

I would say /dimo, is one of the best, but they still lack a good offer of services outside of the US.

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Emre Ekinci pfp

Yep DePIN is not new it has been around for a long while, it’s just that this name seems to finally umbrella lots of projects. The bull case is by using crypto we can enter new industries that before were almost impossible to enter due to large capital requirements

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vrypan |--o--| pfp

Other than a different financial structure (distributed capex allows deployment of infrastructure without huge funding), I believe that some of these projects that involve sensors, will provide an new source of truth about how we see the world.

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nalo pfp

Proof of Location

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David 🎩🤖 pfp

@promptrotator.eth

Global GPU demand is probably the strongest narrative for decentralized compute networks today. These same networks will also be well positioned to offer verifiable compute down the line, which will be necessary as models like Sora improve.

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Simon 🔵🎩👽🔴 pfp

Simon 🔵🎩👽🔴

Intrigued to see replies here and more of your thoughts. Have you wrote any longer form pieces on this topic. So much of it theoretically makes sense. I think probably the biggest hold back has been simplicity of use. I think all that’s happening here between optimism, base, smart wallets etc is a catalyst

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Jer | seattlecrypto.eth pfp

Jer | seattlecrypto.eth

@seattlecrypto.eth

You should check out @unleashingdepin! They highlight some great projects in the space

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Frogzu🎩🍖 pfp

Even SETI project for extraterrestial life search :)

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Nelson pfp

I only found out the other day that FOAM was still alive. Good to see.

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Lex Sokolin pfp

Our thesis is the entire AI stack needs to be decentralized, including its hardware The other plays are harder to scale as demand competes against traditional companies @vitalik.eth

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m_j_r pfp

TPM (& zkSNARK ASIC) production & sampling. if there was a credibly neutral TEE, imagine the other phenomena that could go onchain.

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