Paging @vibhu.

Anyone do a wellness check on @GregAbbott_TX?

Wemby not playing in game 6 Because Knicks in 5

🖐️🏀LGK

I see they called in the most sighted @NBAOfficial’s again.

Let’s Go Knicks

No freeways or @Waymo Premier? Oof.

I thought he took six? We don't count rest days.

Is OG Anunoby the greatest Brit in New York since Alexander Hamilton?

OG!

The coyote’s name is Paul 😂 🌁

Fun to see this. Some ideas just need timing to be right.

On the Helium proposal, I don't work there anymore but here's my take: Helium made two large, parallel bets: (1) Carriers will pay to offload to a decentralized network that fills coverage gaps. (2) Helium can build its own carrier, Helium Mobile, that offers cheaper prices than others due to the offload It was never explicitly stated, but (2) acted as a nice hedge for (1) being incorrect. If carriers won't use us, we'll use ourselves! So what happened? Well, this is a startup. Some bets win and some do not. The carrier offload bet won, there is massive PMF. Carriers agree to pay Helium more and more every year. On the other side, the Helium Mobile bet didn't go asymmetric. Free subscribers are expensive, but were the best subsidized bet to grow. Think about when Uber used to have $3 pools, nobody thought that was real but it grew them to the point of being unstoppable. HM made that bet, and all along the way it seemed like it could go parabolic. In places like New York with dense coverage, the Helium Network did meaningfully save HM money. Unfortunately, the expenses and distraction of running an MVNO do take a toll. It split focus. Helium Mobile was a swing for the fences, and while it didn't outright fail it was becoming a distraction from the bet that already had PMF; carrier offload! Leadership identified this gap and took action. HM was acquired, and the focus is now fully on offload and Noble Mobile is just another carrier using Helium. Now on to the proposal. Helium has PMF. We know this. But the age of subsidy is over, no more $3 Ubers. Hotspots need to get paid what carriers pay the network. I don't think this is controversial. The real controversial part is the one-time inflation. A network whose token is built on scarcity rightfully does not want a large inflation event. But here's the thing, Helium is at a meaningfully different stage. You can see it in the leadership change. Amir is the guy you want making large bets to find PMF. He's ruthless, driven, and not afraid to make controversial decisions. He's your 0 to 1 guy. Now look at Mario. He's smart, calculated, and has an MBA. He's your 1 to 100 guy. It's no longer a matter of "will this work" it's a matter of "put more money in to grow the network, yield more revenue." Mario knows how to do this scaling, and this scaling will not work without the inflation. Growth is not free. A business has operational costs that need to be covered. You want a navy seal team of salespeople onboarding hundreds of thousands of brownfield hotspots, and expanding to new countries? That costs money. So the network has a big decision here. It can stay in the scarcity mindset, mint no new tokens, and fizzle out as growth slows. Or it can take a risk and give the fire the fuel it needs to grow.

feel free to take this with a grain of salt. I’m a former team member, early deployer, and still personally advising the team. there's been a lot of discussion and some pointed but productive questions about the latest HNT proposal. here's my (hopefully equally thoughtful) read on the main ones. one worry is that selling the carrier to noble strips the network's best cash flow out of the protocol. that assumes the cash flow was ever inside it. the only part that was is carriers burning HNT to pay for offload. the arpu, the churn, the sg&a of running an mvno, none of that ever touched the token mechanically. and on its own terms, the carrier burned cash. cutting it took a real cost off the books, which is good for the network and for the focus of the core team. noble pays for offload like any carrier. so do the next 10. pointing HNT at offload across every carrier, instead of levering it to one consumer brand, is the right next step for the network. the durable part is the offload the community enables, and that stayed. second, the 72% dilution headline. it's actually a gated, metered authorization over 36 months with community oversight. authorized isn't minted, and minted isn't sold. it also prices off a baseline that doesn't exist. the network was already emitting HNT every day through PoC, an open formula paying anyone running a radio, used or not. the HIP retires that. yes, it's dilution, and the tokens still flow out to deployers and ops. the question is what the dilution buys. PoC bought coverage, used or not. a governed treasury can buy usage and growth that drive burn. that's the real debate third, the burn cut. the bear case holds volume fixed and drops price, so burn falls. burn is price times volume. 50c sits above market and caps adoption. lower the toll, grow the road, more cars. if volume more than 5x's, burn goes up. that's a usage bet, which is the right kind to make. the fair ask under a lot of this is governance that aligns network growth with holder value. that's what the proposal is: a 7-seat council, 5 community seats, quorum to terminate. more holder control over the network, and the seats are community-nominated. if that's the bar, come help set it. so the bet is pretty simple imo: do we believe, as HNT holders, that mario and the team are the best equipped to further build out the next 5x and more on demand for network usage (and thus HNT burn)? although the devil is always in the details and there are always (as with anything ambitious and multi year) a lot of paths that end in failure, i think the answer is simply: yes. they are the right, focused, team.

Let’s go Knicks.

My mayor Muslim My bagel Jewish My Chanel No. 5 Knicks in Five

Looks like someone found their glasses

they sent the the top tier officiating staff

oh good. they're just shoving brunson around and the officials are letting them get away with it

Send in the blind officiating crew again.