Getting a bit concerned about one of the most most prominent Web3 success stories. https://t.co/O8gOm5mowG

— Kevin Werbach (@kwerb) July 29, 2022

brave to name your company after the main ingredient in a balloon https://t.co/Kdh8c0pIxD

— can duruk (@can) July 30, 2022

Crypto darling Helium lying about Lime and Salesforce using its network is hilarious. And A16Z, which just pumped another $50+m into it, surely knew.

The danger here is a smart lawyer getting a class action suit for Helium hotspot users, who were misled. https://t.co/dR7yOL5zzn

— Ryan Singel (@rsingel) July 30, 2022

This is the number one company people point me to as a Web3 use case… https://t.co/V6ZQZrZBxW

— Tim Fernholz (@TimFernholz) July 29, 2022

"According to Lime, The New York Times did not reach out to the company to confirm the partnership."
https://t.co/xBqgAloBoS

— Jacob Silverman (@SilvermanJacob) July 29, 2022

This is a good piece. Helium is a darling of the web3 paradigm, but it turns out that one key claim about its customers simply isn't true: Lime isn't a customer. And while the tech looks interesting, the coins are worthless and there's no return for the miners. https://t.co/zcHJwkA2cG

— Kate Bevan 🇺🇦 (@katebevan) July 30, 2022

- Helium's main product: its wireless network

- turns out that doesn't have many customers

- most of its revenue comes from entrepreneurs who buy hotspots from Helium in order to earn crypto

- they only earn crypto if the wireless network has customershttps://t.co/DMfgZUXGat

— Matt Binder (@MattBinder) July 29, 2022

Another tough piece about Helium.

This is an important lesson for any crypto/Web3 founders: If your project doesn't have any substantive purpose, nobody can claim that it's not living up to its goals. https://t.co/hMAlJh9M9y

— Joe Weisenthal (@TheStalwart) July 30, 2022

that “old archive version” of Helium’s website is from roughly 16 hours ago

Helium removed mentions of Lime (and then Salesforce) from its website yesterday evening as a direct result of my reporting: https://t.co/DMfgZUXGat https://t.co/JrKvuW1x1C

— Matt Binder (@MattBinder) July 30, 2022

This is another product where even if it was a good business idea, it’s not clear why you wouldn’t just use cash. It’s Xfinity hotspots where people pay if they use your bandwidth versus your cable provider just turning it on by default.

Why is paying you tokens vs cash better? https://t.co/L3ooX4BzP5

— Dare Obasanjo (@Carnage4Life) July 30, 2022

Maybe there’s a use for crypto after all? Uh, maybe not. @kevinroose wrote a glowing article about Helium in the NYT and never even bothered to check if Lime and Salesforce were actual Helium clients. Turns out neither of them were. https://t.co/AhBEdeHdED

— Amy Castor (@ahcastor) July 30, 2022

this is a great scoop, and also, befuddling that lime didn't bother saying anything as this company was hyped to regular people swept up in the web3 hype https://t.co/vaMSPyCQzg

— Max Chafkin (@chafkin) July 29, 2022

my report on Helium misrepresenting a partnership with Lime for years has made its way to Helium's official subreddit

read the piece here: https://t.co/DMfgZUXGat pic.twitter.com/rXD3XQv3IV

— Matt Binder (@MattBinder) July 29, 2022

something something hot air joke something something https://t.co/j7SN22mM00

— dan 'thoughtful grunge' seifert (@dcseifert) July 29, 2022

OK, let’s talk about that big Helium story - Stacey on IoT #DigitalTransformation #IoT CC:@sallyeaves https://t.co/brmzh76xAJ

— 𝙳𝚒𝚐𝚒𝚝𝚊𝚕𝗧𝗿𝗮𝗻𝘀４𝗺💻🤖 (@digital_trans4m) July 30, 2022

Great read. First comes a network, then sensors and then the real applications and use cases. Time, patience and grit = ⁦⁦@helium⁩ https://t.co/tkCnLE1JCt

— Abhijit Ganguly (@AbhijitCVC) July 30, 2022

"(Helium) Nova Labs is performing a big experiment in market-making and cryptocurrency at the same time. Each is difficult, but its attempt to do both at the same time is fun to watch" (#LoRaWAN)https://t.co/zmIS2B5tjU

— Lup Yuen Lee 李立源 (@MisterTechBlog) July 30, 2022

Interesting take on the Helium public LoRaWAN network saga from Stacey on IoT:https://t.co/5vUm4vpjN6

— akiba (@freaklabs) July 30, 2022

Stacey on IoT: OK, let’s talk about that big Helium story: https://t.co/2G8YR1mjH5

— Stacey Higginbotham (@gigastacey) July 29, 2022