HEALE Network

Airdrop were first used in early days of Bitcoin when they were used to stimulate growth by circulating supply. They were called faucets, where people could go to get some free Bitcoins. They've created some significant value for Bitcoin. The problem is there are a lot of projects with zero utility or use and so nobody wants to hold their coins. Without a useful product, no utility exists, without utility it doesn't matter what your tokenomics are it's going to zero.

Late to this, but as a VC, here’s my perspective on airdrop farming: Farmers are obviously not useful to projects. @Cobie is right that as a VC, I ignore farming activity. I’m extremely skeptical of easily farmed metrics, and we always dig into the data to try to identify farming. Wherever we see it, we heavily discount it. Farming is, by definition, people who pretend to use a product and pretend they will be long-term users, in order to get paid via an airdrop. Let that sink in for a second. Crypto has broken all of our brains on this. If a normal consumer startup paid people to pretend to use their product and pretend to retain, that’d be considered fraud. Airdrops started as an idealistic and egalitarian practice, but the rise of industrial farming has evolved it into something straightforwardly toxic. Farmers try to emulate real users and make it hard for teams (and investors) to identify the difference. So, no. Farming is obviously bad for startups. If it weren’t bad, farmers wouldn’t try to hide that they're farmers. But farmers will reply: the value of farming is that farmers pump up metrics of successful projects, and therefore, it’s good for the projects. This is so wrong it’s hard to even know where to start. First, if farmers are “pumping up metrics,” who are they pumping them up to? Who is being fooled here by inflated metrics? Is it the VCs? If so, farmers are claiming that founders are conspiring with farmers to dupe their VCs. (And on many heavily farmed projects, VCs are underwater.) Note: this is incompatible with the theory that VCs are the primary culprit of bad token launches. Either the VCs are dastardly villains conspiring with founders to dump on retail, or they’re stupid fools being duped by founders with farmer-inflated metrics. But it can't be both at the same time. The other option is that it’s not the VCs who are fooled--VCs see through it--it’s retail who’s being fooled. So maybe farmers are conspiring with founders to dump on retail, and that’s why it’s good for founders. The problem with this theory is that founders don’t get to dump day 1, only farmers do. So by the time the chickens come home to roost, the metrics have already plummeted, the farmers got out by selling their airdrops, and the founder is left holding the bag. Only the farmers profited from retail, not the founder. But even if we rationally agree with this analysis, to most people, it doesn’t matter. Because we all know that despite this, all good projects get farmed. So if nobody shows up to farm your project, that must imply your project is not good, and therefore you’ll do poorly in the market. Don’t you want to be like all the other good projects? So you need farmers to show up, whether you think they're parasitic or not. This sounds convincing. But it’s totally wrong, for the age-old reason: correlation is not causation. Yes, good projects get farmed. But the project being good causes the farming, the farming doesn’t cause the project to be good. All big cities have crime, but that doesn’t mean crime is causes cities to get big. The causation is backward. You can have a good project that isn't farmed. To tell you the truth, I think the actual dumb money here is the exchanges. Exchange listing teams reward farmed metrics more than VCs do. But the market is already correcting on this, and norms are changing. It’s just exchanges tend to be the last to notice, as they’re furthest back in the capital stack. Now all that being said, there’s nothing morally wrong with airdrop farming. No more than there being anything wrong with running MEV bots or sniping token launches. The game is the game. As long as you’re following the rules, all is fair. So there's no reason to look down on airdrop farmers. They're strategically trying to make money with the resources they have. But are farmers providing value to founders? No, obviously not. (Caveat: “Linear” farming is an exception--if you’re being paid to provide liquidity or an insurance backstop, or some other clear assumption of risk, I’d call that more classic liquidity mining, which is totally valuable. Or if you’re being paid to market make or provide tight spreads, that’s also valuable. This kind of farming is pay-for-performance that contributes to a product moat. But that’s not like the vibes based “pretend to be a user and touch everything" type farming I’m talking about above, which tends to be more common for L1/L2s or for consumer products.)

It's not just the future of finance, it's the future of everything. When you tokenize the data, you tokenize the asset, and at that point, everything becomes a liquid asset. Cars, trucks, trailers, products, services, invoices, trains, homes, and even the data itself are all assets.

🚨 LATEST: BlackRock CEO Larry Fink says every currency, ETF, and asset will be digitized and tokenized with a global settlement layer connecting it all. “We’re not talking about it enough. Most countries aren’t ready for what’s coming.” The future of finance is tokenized 🚀

The United States is leading the race for AI by tenfold over the nearest competitor in terms of infrastructure. The demand is outpacing supply, and data centers are filling the gap. The world needs HEALE more than ever.

The race to harness AI is resulting in massively growing power demand 📈 This demand can be met one of two ways: 1. Datacenters built by Wall St. companies, benefiting a few shareholders. 2. DePIN networks like HEALE, owned by and benefiting users, like you. Choose wisely.

There's a constant tension between those who create vs. those who destroy. So far, the forces of creation have evolved faster than the forces of destruction. Hopefully, this remains true in the post-AI and robotics era.

In today's news, AI can get "brain rot" when given social media as a source of data

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Data shows the US is adopting AI even faster than the internet and smartphones. We are truly on the cusp of a new golden age of innovation.

@ThiefInDNite gets it 💯 Do you, anon? Join the HEALE community today to learn more

Learn how HEALE transforms waste into value in our latest blog 🔽

MicroStrategy outperformed the entire S&P 500 because they were forward-thinking enough to see and bet big on the future of Bitcoin. Now, they're telling you what we've been saying all along: Businesses and their data aren't ready for AI.

"Waste is a thief" -Guess the movie

Community content spotlight! 👀 Thank you to @ThiefInDNite for crafting this thread on HEALE Network 🔵

How many lives could you improve with $3.1T? You could: -Eliminate world hunger by feeding 733m people for 77.5 years -Provide clean water for 107 billion people -Alleviate poverty for 12.1 billion people -And more.. $12-14T is wasted every year, globally 🌍 Let's fix that 🔵

HEALE is on a mission to return trillions back into the economy. It's time to clean up the "mess" of Dark Data.

A glimpse into the future of HEALE mass adoption:

Happy Uptober! 🎃

What exactly is HEALE Network? What does it do? Who is it for? All these questions and more, answered on our blog 🔗🔽