These sorts of debates are fantastic, more please!

Solid Views and point. DePin has unlocked a new era where anyone can contribute computing power and resources to build essential physical infrastructure, one of the project that have captivated me is Fluence project aiming to free computation from centralized clouds by offering natively decentralized, low cost, and verifiable compute.

Some valid points. That being said, I think Dimitri is a little salty that he didn't get into DePin sooner. Don't worry.... if you spend less time being a naysayer, there's still plenty of time to get in. I've been in this space for over 5 years now... the potential for DePin is massive. Hands down one of the best use cases for blockchain that I've seen. There's definitely some hurdles and things that need to be optimized, but it's extremely promising. Don't miss the boat, Dimitri. It's moving fast

Thx for the engaging interview. For me DePIN is the most promising area of crypto yet.

Great content. I really enjoy this keep it up. So Kyle talks all the time about rewards being frontloaded to earliest adopters. I haven't seen anyone attempt to quantitatively value this. So I'd like to share my insights and a new model developed to facilitate valuation in this field (and really mining in general).

I'd like to share a few insights the model shows that may improve capital allocation efficiency, relative valuation techniques, in addition to valuing the potential returns from being an early adopter in the DEPIN model. This model also shows methods in which an investor could improve expected returns of a DEPIN business model or portfolio (or any mining for that matter).

Good episode, but would have liked to see them debate more.

First takeway: Relative valuation. I found it difficult to nail down this value using a cost adjusted revenue only based approach. The problem here is that some miners may take 10 hours to install and maintain. A project that only takes 10 minutes and receives the same revenue is a better investment for you.

Where did you guys find this guy?

What do you guys think about CUDOS?

CARPHL = Discount factor (this is survival rate of project) + Scaling Factor (how many miners deployed (5 miners = 5), (1 miner = 1) X ((Annual revenue - Cost of equipment)/# of hours of labor worked).

@SteveBell-fj8en

6 ай бұрын

Assume a discount factor of roughly 50%. This is based on empirical data from a portfolio of DEPIN miners (but expect this to fluctuate). But right now were assuming roughly half the projects in an early investment DEPIN portfolio will fail outright but over time better modeling will improve this accuracy.

Valuation amounts. So the idea here is not that this number is exact. It uses a limited empirical dataset. But what this model shows is the potential value generated to early investors using this new method of capital formation. I have quantified the value (rough estimate) at CARPHL = ~$1,800 an hour. Or your pay is roughly $1,800 per hour worked. So I changed my concept of DEPIN valuation from total revenue. To looking at this investment as the ability utilize tech, human, and financial capital to work for higher pay than before. This method facilitates the ability for relative valuation (discussed next).

@SteveBell-fj8en

6 ай бұрын

Furthermore, as time develops I believe tokenomics schemes may shift towards equilibrium by sector. The idea being that certain tokenomics are best for certain businesses and sectors. We are early and still in the discovery phase of this process. But overtime the model should be broken down into sector different values by sector.

Make time stamps ya bums

@defman9414

6 ай бұрын

100%

how’s helium coverage ?

@gc320

6 ай бұрын

they partner with T-Mobile, so where there is no Helium coverage users are covered.

ev3 @44:50 google map 10 billion year payment @45:40 tech difficult to prove you are storing content. erasure encoding DA sampling seems to solve this problem? add on zk seems to really solve it? even like zk a merkle tree of huge data blobs or something? dunno if that is a thing. just thinking out loud to myself : p but to me proving data storage seems a done deal tech wise just with erasure encoding and DAS? maybe even build into network random sampling like if a client samples its own project, at same time mandated it requests a sample from a random project? everyone wins? network effect?

We as a nation want to get away from centralized systems. PERIOD

Akash is the way

9

Pretty much bullish on DePin Narrative, Fluence project is already gaining a good number of traction as their approach veers away from conventional cloud computing, advocating for a decentralized model that liberates the web from both economic and operational dependencies on centralized entities.

This stuff is changing the world. If they don’t want the tokens they can give them to a pool? Don’t be a pessimist.

My kid is on helium. Soon my Mom and Dad. Can’t beat $20.

@kalpesh0

6 ай бұрын

nah i think ur kid is on oxygen

helium mobile proves his point wrong

🚕 DRIFE = decentralised UBER

this guy metro af

Kyle Samani is a gambler disguised as a VC