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A comment on Why are antennas popping up all over the foothills? SLC seeks to solve mystery. Parent comment

Re:Why are antennas popping up all over the foothills? SLC s... by alexeldeib on Thursday January 05, 2023 @05:57PM (#34268165)
I have the same question. Seems like the crash hit them hard and last I heard they were rebasing (n.b., not using this in a technical meaning) on top of Solana.

I also heard a lot of rumors it was a pump/dump or pyramid type scheme, but I haven’t seen proof of that, only if premining (which is awfully scammy to be fair).

Anyone have better details?

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Re:Why are antennas popping up all over the foothills? SLC s... by palata on Thursday January 05, 2023 @08:59PM (#34269986)
A good first approximation with anything using cryptocurrencies is that it is a scam.
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Re:Why are antennas popping up all over the foothills? SLC s... by RF_Savage on Saturday January 07, 2023 @12:17PM (#34290196)
There apparently never really ware that many paying customers using Helium's network, so the payouts ware comming from people paying the data credit fees to have their miner listed and accepted to the network. The moment the network stops expanding, the demand for HNT to pay for datacredits will be gone.

https://cointelegraph.com/news/critique-on-helium-s-6-5k-mon...

And now that seems to have happened.

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