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Comment by delabay | Hacker News Reader

With DIY they couldn't insure the security of participants. The temptation is too hight to create 100s of cloud miners.

That said, there are 50 HW manufacturers queued up to supply. Incorporating Helium into an existing Lora framework is very easy.

In fact, Helium is seeing an interesting phenomena where the PoC mining tech is becoming bundled with existing HW platforms because the material costs are so cheap. Projects are now bootstrapping on top of Helium.

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Then it sure sounds like what they have is a proof of private keys algo, and not a proof of coverage algo. In which case why bother with a blockchain at all if there's a singular central entity that is the arbiter of all trust?

this is probably the only valid criticism in this thread so far. But your statement is not entirely correct:

- An organization different from Helium Inc. disperses keys to hardware manufacturers.

- Said independent org also performs an audit and approval process.

- Improvements to the network are crowdsourced and voted by rough consensus.

- Anybody can make suggestions or implementations similar to ethereum improvement proposals.

- Once deployed, there is no way to remove the node from the network.

- Nobody has banning or revocation abilities.

At first glance it might seem like that but the hotspots are measuring signal from eachother and are rewarded accordingly. The Proof of Coverage comes from actual measurements of RSSI against distance and power variations.

This is one of more interesting parts of the Helium network. It's wholly not forkable. Helium hotspot owners get their firmware updated automatically... which again seems like a big negative (single company controlled hardware) but it's imperative for this stage of network bootstrapping. I want Helium to tightly control quality now to get to a level of resources where trust itself can be disaggregated amongst DIY hotspots and firmware developers.

> With DIY they couldn't insure the security of participants. The temptation is too hight to create 100s of cloud miners.

Indeed, that’s why helium is DINO (decentralized in name only).

I think the issue is with the $40 fee. Why not $1, or $5?

Onboarding fees maintain a buy-side for the network token until true network utilization catches up. The original article is an example of network utilization literally catching up.

How did they arrive at $40 I'm not too sure. It seems like a moderate amount?

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