Helium interview | WiFi Blockchain Mining Update

34.649 visualizações30 de nov. de 2

going to play a role hopefully we’re going to answer that today my name is paul baer and welcome back to techpath today joining me is mr frank mong who is the coo at helium hnt as the token call sign if you guys are out there in the investment crowd frank to have you great to have you back in the show paul thanks for having me again good to see you yeah so you guys have done a lot since we last talked in the summer helium had had really kind of just well you’d been around for a while but i think with the recent technology updates in the device architecture that you guys were in the process of building a lot of things have changed i want to get into all of that but before we do for our new viewers and listeners let’s teach them a little bit about what helium is and what you guys are trying to achieve sure paul lots have happened actually since august last time we spoke but for your audience that’s new to your show or new to helium let me give you a quick overview of what helium is all about so the company helium systems inc started in 2013 co-founded by amir haleem our ceo and his co-founder sean fanning of napster fame um you know we started the company back then to really solve the problem of connecting different things like internet of things small sensors small devices small robots to to humans connecting everybody everything to the internet in a very low cost and affordable way that’s always been our mission and to solve that problem we’ve had to go through several iterations and challenges and over the series of uh the last i would say few years we’ve ended up at a place where blockchain actually helped us achieve our mission which is to build a global network that can connect anyone and anything in a low-cost and affordable way and so helium as a company has been around for a while and about three years ago now or 2019 we launched the the helium network with a community of at the time 150 people in austin texas and that was august of 2019. um and we’ve come a long way since we last talked yeah i think you know for when we first discovered the project early this year uh in really understanding we had obviously seen helium on the uh in the project array that we do in terms of our own research for quite some time but one thing that kind of struck me was this evolution toward wireless mobility and how wireless and wi-fi in general seem to have kind of a missing link especially in the communication side for blockchain a lot not a lot of companies really exploring that and most of them that are are were very early stage where helium has actually been a lot more mature in terms of the device build out also the network and the infrastructure build out and then obviously the token project itself encounter kind of how all this you know relates to mining based on use case through wi-fi explain to us a little bit about how the mining process works because you and i got into this a little bit uh since we last talked i want to is are there any refreshments on how you guys are going about the mining process for helium tokens sure so the idea of helium is that we use the blockchain the cryptocurrency h t as uh a way to solve the code start problem it allowed us to bootstrap network creation through everyone that has internet at home they can share their internet and offer that to in this case little devices internet of things to connect and the characteristics are incredible because little devices can connect from miles away using small battery packs uh the size of a coin cell and the purpose for these little sensors could be anything from air quality sensors to to to smoke fire sensors water leak detectors or tracking and tracing of dogs and cats to volvo trucks as an example their user of the network and what those things needed was coverage in all kinds of places in urban environments like manhattan new york city to rural areas in like napa california in wine country the alternatives to how they can connect is of course cellular technology and the challenges with cellular are are not just the cost of using cellular for little devices it’s expensive you’re you know asked to pay a hundred dollars a month for a little you know sensor for tracking air quality uh economically it doesn’t make sense but if the cost was a dollar a year and that’s what it would cost on helium then it may make sense and also battery characteristics we all have cell phones and you know you and i paul we probably have to charge it every night when we go to bed but you can’t do that if you have a sensor out in wine country in the foothills right trackings tracking forest fires right you can’t charge it every night it doesn’t make practical sense so having battery life for years without having to recharge it is very important and so that’s the kind of network characteristics that we’ve developed the way in which you know individuals individual consumers you know mined the cryptocurrency hnt is that the blockchain uses something called proof of coverage and that’s built into these helium compatible h t miners they offer this sharing of internet to all these little sensors and for proving that they are offering useful coverage that they are located where they claim to be located in that you know it’s data’s transmitting through the network all those attributes allow an individual to mine the cryptocurrency hmt so the miners themselves we we chatted on this earlier has there been an evolution in the minor equipment meaning the you know the device or the technology that you guys are using where are you on that sure there’s a couple of things i think that’s worthy of note uh so today you know helium as a company we open sourced all of the technology the hardware the blockchain the software stack so everything’s open source and as a result of that we have 25 manufacturers that are building compatible hardware these little consumer mining devices that act as this listener for the signals as well as mining the blockchain mining on the miner itself those devices are now available from many different sources many different partners that are making that in our open source community and there is actually a whole pipeline of another 40 coming online 40 to 50. so in total we hope by the you know early next year they should there should be about 75 manufacturers building these uh healing what we call helium compatible hot spots now right in addition to that in addition to that uh there are companies coming online that have gone beyond just iot they’ve uh been able to integrate the helium blockchain and token technology with 5g capability and so there are now helium compatible mining hotspots that also offer 5g and so that’s something that’s very new a company called freedomvi in our community is the first to offer that and freedom fi and what they’ve done is integrated something called magma which is another open source 5g project from facebook and facebook open sourced that tech a couple of years ago and what freedom fight did was take magma the healing blockchain and the h t token integrated into one gateway which you see on the screen there and that gateway along with a what’s called a 5g radio combined will allow you to do both but both mine h and t offer 5g coverage for yourself and your neighbors as well as iot devices so that’s those are some massive news that we you know we didn’t talk about last time yeah 5g i think the evolution of where we’ll see you know things potentially around maybe even to the level of mesh networks do you see density playing out into this to where you could utilize this in municipalities city level because we’re obviously seeing a lot of cities that are trying to make plays into the blockchain in various ways i mean we obviously are right here in the blockchain central down here in miami uh and our mayor is which i’m surprised he hasn’t thought about going into something like this because this would be right up his alley is making the entire city of uh miami a wi-fi would look blockchain oh definitely we definitely love to work with the city of miami um but you know the first city that’s actually adopted helium is city of san jose um you know the team the team over there uh serving the community has come of a very creative use of the helium network and the helium mining economy they’ve offered the helium mining hotspots to low income citizens low-income residents as well as small businesses where they can host the helium hotspots and in doing so they are offered a free internet backhaul or free broadband as a result and city of san jose even though it’s in the heart of silicon valley also has communities that suffer from not being connected to the internet and so this was a good way for the city to come up with a program that could essentially pay for itself using the h t tokens mined as a way to pay for the internet access for the folks that need the access but cannot afford it and so that program is off to a great start in the city of san jose uh we have partnerships that we you know announced since we last talked paul with dish networks and dish is another great example of a company that’s entering into the cellular communication space they are using helium uh in the helium mining capabilities as part of a build out of their 5g infrastructure and so they’re just kicking that off and installing helium 5g miners across several cities i was looking at your growth 360 000 hot spots wireless devices 28 000 cities that’s that’s pretty good density and then 151 countries out there what do you feel like would be critical mass like let’s just take north america in general if you think about the the potential here for the u.s of really being able to convert maybe and and i know this has been a thing that has been kind of the holy grail of a lot of cities states etc and even campuses and you know all sorts of different uh community areas that are really looking to kind of go in the direction of mesh hot spots this kind of changes the game a little bit do you find a potential here of more of the com companies and partners within helium that are going to maybe deploy minors in this or do you see this as maybe opening up to municipalities companies maybe campuses universities etc that would maybe start utilizing the h t mining tokens for some other other potential opportunities yeah you know i think we’re seeing a huge variety of uh different deployment models paul as you’re alluding to in north america or in the united states as it relates to both the iot network as well as 5g what what we’re seeing is roughly 90 000 miners or wireless gateways added per month that’s about 3 000 hotspots a day coming on the network uh which is fantastic and one of the i think unique things about 5g is that it’s it’s actually a very localized deployment process 5g density is different as it has a different characteristics than iot as an example iot sensors can use a network from miles away um but in f in the world of 5g the range of that 5g network is roughly 200 feet i would say uh maybe 300 feet so it’s not not as you know it’s it’s sort of more than wi-fi um but far less than traditional cellular that’s kind of a good way to think about it and if you live in a typical block in a suburban area in the united states you’re looking at roughly your block you can walk around your block and still have your 5g coverage um and so it i think the the deployment models become different strategically you need to have very localized networks in the world of 5g and in the world of iot it can be very spread out and so what we’ve seen today is several things happening we’ve we see companies like dish networks deploying 5g networks in a very thoughtful manner they’re looking at helium as a way to solve to solve what they call soft spots in urban environments and that could be a tall building in the middle of downtown where that building has a hard time getting cell signals in from the outside and so having a helium 5g gateway indoors inside a tall commercial building is very useful for the folks inside the building and that that’s a soft they call it a soft spot problem and then there’s also rule coverage in farms in areas that are difficult to reach in that case having a farm offer 5g or iot networks or wi-fi sharing in this case across their own facilities or with other farms nearby really solves a lot of the rural problem area areas where they need coverage as well and so there’s a lot of different things happening paul and it certainly you know it’s a variety of folks doing it we have a huge diversity of folks that are interested in supporting helium we have a massive technical community on our discord channel of roughly 120 000 engineers now building applications building networks supporting the network supporting the blockchain uh and we have millions of followers on tick tock just uh creating videos and like i like you paul creating youtube videos uh talking about helium with a lot of interest and so the demographics i would say is uh we’re lucky it’s it’s very broad from you know technical prosumers to average folks uh just interested in cryptocurrency trying to find a way in and that’s sort of the appeal which is which is amazing you guys have had uh some additional investment come into uh the project as well one thing that i noted was multi-coin capital who is a company that they’re very strategic in who they partner with and i’ve also watched and looked at and researched around multi-coin capital and their involvement with solana and uh just a lot of these really kind of uh rock stars from the investment side of things obviously there’s a a big appetite here how do you see that playing out in in let’s say you know the next 18 months to three years what kind of things will you see helium start to really roll out on is it still going to be device driven or do you feel like we’ll see some new projects or products coming from within the helium network yeah i think it’s both i i think uh you’re right in the you know so you mentioned multi coin capital um they’re a premier leading cryptocurrency venture capital firm uh they’re one of our biggest backers um and have been supporting us for now for like three four years which has been a fantastic partnership uh they’ve that partnership has driven a ton of interest from others like uh a16z andreessen horowitz as well as sam bankman free uh freedom uh ftx and alameda research and so we’ve got some i would say you know a-listers participating and supporting the helium network in in various ways and i think that’ll continue i also do think that you know from a cryptocurrency universe perspective uh helium is looked at as a company that could really change the game as it relates to web 3 uh decentralized internet and perhaps even sort of the future of how infrastructure is thought about yeah you know our ambitions were was originally just to build a network uh that’s community-based allow individuals to take ownership uh and and really create internet access uh for everyone and that that’s that’s still our mission i think where this is going though paul which is interesting is that maybe someday we change the economics of how you know infrastructure creation works you know today it’s it’s very expensive it’s very centralized there’s a lot of regulation a lot of you know i would say central bodies involved but if we can demonstrate that hey you know a community individuals can also build uh infrastructure then maybe you know helium can be the underlining decentralized infrastructure or decentralized web of the future and that that’s the hope and i think we’re just in the beginning of that yeah well you when you look at kind of the evolution of where web30 is going what we’re going to see in the needs and the demands of metaverse gaming all those kinds of utilization aspects of where blockchain will be in the next few years i mean a lot of people don’t really understand the dynamic element that is really afoot here because if you think about the internet and just the demand on you know high speed bandwidth and the requirements with infrastructure the need for mobile device access all these kind of things that have grown up in the world of web 2.0 and the internet as we know it today you know many people don’t remember the era of broadband and dial-up modems you know and and how that worked and kind of the evolution of web 3 i see like you’re saying is really a potential here to kind of redefine how infrastructure is built out with blockchain and this i guess would be the question i would have for you do you see enough infrastructure whether it’s facilities investment uh people like you know whether you look at a multi-coin or others around them that are understanding where this is going maybe going into countries like you look at what el salvador is doing you look at some of these emerging countries who mobile is really their internet anyway infrastructure almost doesn’t exist how would that apply when you look at a global perspective especially as you see things moving into web 3. let’s take you know emerging countries for example certainly and i think web 3 is very powerful beyond the interesting games and the nfts i i think web 3 offers individuals you know data sovereignty uh privacy yeah a way to sort of take their identity back right and own it i think what helium enables is infrastructure sovereignty take the infrastructure or your part of the internet back and you own it and that’s sort of how we look at the world where a country a third world country or an emerging country can consider alternatives and say you know what the country itself doesn’t have to carry the cost of building an internet infrastructure for for the citizens or the residents of that of that region the residents can take ownership of that the residents can take part in building that because the incentive structure is built the from the ground up to support that and that’s what hnt does the h t uh incentive structure is really there to bootstrap the network so that and a centralized entity doesn’t have to carry that burden but but in doing so the infrastructure is owned by that individual as opposed to you know owned by a central entity and so i think it’s early days i don’t know exactly how that can play out what i do know is you can look at the current network as a test study on the power of certainly the h t token as an incentive model what that does to you know carry the the load of really creating wireless networks uh and i i do think there are other pieces that we we need we we definitely need you know some kind of backhaul partnership or backhaul providers uh there’s a ton around the world that do that today we’re you know they’re all interested in helium we’re talking to them we’re trying to figure out how they can you know use this model and leverage hnt somehow and of course i think beyond just the terrestrial providers you got to look at satellite and satellite capability um the cost of launching satellites are far less today companies like starlink are doing a great job of trying to get satellites into orbit as fast as possible and if you can just sort of imagine helium uh 5g gateways or healing wi-fi gateways on the ground uh connecting up via satellite to starlink and sharing that starlink link with not just for one individual but with the entire community so you can almost connect entire communities villages in emerging countries at a much lower cost without having to build you know infrastructure i think i think there’s a lot of creative things that can happen there given that the h t token and the incentive there drives that bootstrapping initiative yeah i was just looking at uh in general when you look at market caps of telecommunication companies worldwide and a quick list here you know comcast coming in at 229 billion verizon 213 at t you know the typical but then you start seeing you know infrastructure like china mobile american tower charter which is still here in the us nippon uh i mean the the numbers here are are dramatic in terms of the size of the space and then you look at helium’s market cap right here at a mere 4 billion dollars it feels like this is highly underpriced right now if i look at just telecommunications in general and even if we get you know if you look at helium and you guys get just a sliver of where that market is going especially if infrastructure theory changes this could be an absolute uh barn burner for uh not only just you know the internet of things and what we’ll see in wireless technology in the coming era i want to ask you a couple of things on the evolution of of software and and also tech especially in what we’re seeing right now especially on the side of 5g do you guys see any emerging tech that’s maybe really bleeding edge that could do a leap frog over 5g say in the next decade that’s coming i think there’s a lot of potential leap frogs you see that happen in tech all the time i i don’t know a specific technology that can get sort of mass adoption um that also solves the problem of bandwidth you know i think the reason 5g is so so important to the united states um is because the the amount of content we consume is growing at an exponential rate and so the infrastructure itself can’t carry that load at the edge so you you’ve got to open the pipes i just think of it as like i think it is simple in terms of plumbing the plumbing has to be able to support the load the load is just massive uh there’s just so much that we do now on the internet um you know that not not only do most folks there are many folks that can’t connect that don’t even have access but the folks with access do not have enough bandwidth yeah and so i think that’s the problem that’s true that we’re trying to solve there’s definitely a ton of technology a ton of solutions out there that’s available i think the question becomes what’s scalable what’s reasonable um and i think what helium has done is we found a way to really offload that cost and disperse it across every individual as opposed to relying on again a central entity to to take on that capital expense burden which is the heavy heavy cost you know a company like freedom fi as an example they’ve already sold 40 000 units of 5g gateways they just have to you know get that shift to the individual 40 000 units in the united states that’s already the amount of 5g gateways that verizon has put up so in just in in in freedom five only sold for i think a few days before they had to shut down their their website they were get just getting bombarded with demand and so when you when you think in those terms you know i don’t think it’s unreasonable to say that helium will produce roughly three hundred 000 5g net network coverage locations in the next year that’s easy 300 000 is easy and so when you look at those terms we can help at least the united states create localized 5g coverage in a very reasonable way at a reasonable cost where every individual benefits and then their community their neighbors also benefit from that and i think that’s a game changer you can apply this helium token to any to any protocol it could be 5g if there’s a leap frog let’s say 10g shows up tomorrow paul there’ll be someone in our ecosystem that creates compatibility and linkage between the 10g technology with the helium h t blockchain and so i think that that’s the beauty of sort of what we’ve done is that we’ve made our system open source it’s free for anyone anyone means enterprises as well right telecommunications companies can can use our technology if they like um anybody because it’s open it’s free yeah and at the end of the day everyone benefits so so i think i think that as we look forward regardless of where technology goes i i use 10g very loosely i think there actually is a 10g spec out there somewhere or cellular or sorry satellite technology like like starlink which is a great example they can all use helium and they can use the h t model to really drive adoption yeah well you hit on something right there that we talk about a lot on the show and that is the evolution of web 30 and really play to earn uh gaming scenarios and if you look at at gaming in general sure it’s a massive multi-trillion dollar industry right now but the potential when you get into play to earn starts to move it into a new layer because this now becomes somewhat of a necessity it’s no longer even though it is fun but a lot of people will use this as a true tool for subsidizing their lifestyle or maybe even that is their work if you look at some countries who are now looking at play to earn models so with that kind of demand expo and when you think about where where plato earned is right now we are just just a micron of what the market will be in the next five years and in gaming in general much less if you think we’re streaming a lot of netflix right now i can only imagine what it’s going to be like when we really see you know play to earn and and just gaming in general blockchain gaming in general really kind of take off to the next layer sounds like you guys are right in the midst of all of that happening at the right time and and the good thing is is that you’re already very mature in the cycle so that’s a big advantage because i think that’s another problem with uh infrastructure is you’ve got to have those mature systems in place for sure you know i it’s funny you say that you think we’re mature we still think we’re just at the beginning of the journey um this you know working with wireless technology and the blockchain components and and really you know bringing together a massive community of hundreds of thousands of people is really i’d say very difficult um in our our community which we call the people’s network uh have have just been phenomenal folks that are uh they’re all visionaries uh very forward-thinking and and i think it’s it just takes to me it’s it’s gonna take decades we’re like you know it’s almost like if you look at a lifetime of a person we’re like in that early you know between it tween years you know we still have decades decades to go um certainly the large telcos you know they’ve been at this for you know 100 years now long term a long time and and if you think about it there really hasn’t been a whole lot of disruption in that space exactly and so we’re hopeful that you know helium is here to stay and when i say that i i think in terms of decades sure i’m certainly going to you know keep doing this for decades yeah very cool stuff frank mong ceo over at helium thank you so much for stopping in on the show today thanks paul really really happy to be here thank you for having me excellent all right so you guys are listening in over on the podcast right now thank you so much for the subscribes over there but listen you need to jump over here because you’re going to get a chance to find these great interviews like with helium and others we do a ton of token analysis along with our guess what crypto power index which will reveal uh pretty much every day on the live stream we’ll drop sentiment amplification numbers anyway a lot of cool stuff happening here on the show and of course if you’ve not joined the diamond circle easy to join it’s free to you guys jump in anytime if you want to hit me up on twitter just do it at paul barron i’ll catch you next time right here on techpath

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