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Author Topic: [ANN][HLM] HELIUM - PRE NOTICE  (Read 127376 times)
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rhinomonkey
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June 11, 2017, 11:20:15 AM
 #461

Here is a transcript of the AMA for anyone who missed it and does not feel like scrolling through the slack.

Background reading:

https://www.thenbs.com/knowledge/bim-levels-explained

Questions:

Question 1: “Infrastructure is a huge market, did the business clients at the meeting receive the concept well?”

Answer 1: “It was very well received.  We have some next steps and follow-up sessions.  Just to clarify we had about 30 people attending, about 40% were App developers.

Question 2: “Infrastructure is a huge industry, how can Helium tap into this market?”

Answer 2:
“What you have now is a focus on getting everything built digitally.  There are many reasons for this, but during the design creation and planning stages, data has to move from one team to another, it also has to move to the factories that build things and the factories send materials to construction sites where things get built.  These people all have apps that they use, but they don’t talk to each other.  We will be providing the connective tissue to link all the data together between all the different people in the supply chain.”

Question 3: “Why does BIM (Building Information Modeling) level 3 (see background reading) require blockchain tech vs. more centralized repositories?”

Answer 3: “Level 3 BIM is actually being build around Internet of Things.  It’s built the assets and their components communicating back to places where information can be measured and acted upon.  If level 3 BIM is a central repository of data, you have many different people that need access, but there are going to be security issues with giving everyone access to everything.  Do we really want our Nuclear facilities to have digital designs stored in the Cloud and just give everyone access?  We can secure level 3 BIM data with hashed hyperlinks, if you need access you will be given access to just the data you need.”

Question 4: “Will HLM serve as the connective tissue for data transfer or for financial transactions?  Or both?”

Answer 4: “Blockchains keep data sync’d across all the different parties that need information about built assets, that is the starting point.  It just so happens that the security features of blockchains mean you can create security around access to that data.  So everyone knows the latest data they should be using (ledgers and time stamping) and only if you have authorization to see a piece of data will you get access.

In terms of transactions, we have recently added a new feature to our roadmap.  Everything that gets built has some sort of insurance contract, service contract, warranty, guarantee.  We are going to offer those simple contracts through our token.  Our actual business model is based on the white paper, secure blockchain hosting for a fee.  However, during our early evaluation stages, we figured that enterprises would be willing to pay more for blockchain hosting.  So what we are doing is helping a whole industry use blockchains, where we will influence how that blockchain is developed.  This means we get to be part of the deployment process.  Our Service Node operators will be in a prime position to offer good hosting solutions to a sector that is in the process of going digital.  Our native token will be in a prime position to offer smart contracts for simple things like the warranty on an elevator.”

Service Nodes:


Service Node Strategy:  “We have decided to work on two aspects of our Service Node strategy, the network side to implement Service Nodes and secondly, we are helping out with the development of the use cases.  We will be joining the Hyperledger project to start with, as this blockchain is built around enterprise and we may then look to replicate much of that work (the features) into Ethereum, if customers want to have that choice.  As part of the work on Hyperledger, we will be joining the Linux Foundation so we can get access to various people that are part of that blockchain initiative.

Question 5: “Are we going to operate the service nodes or is it outsourced for the companies?”

Answer 5: “Service Nodes is our offer to the world, so you will be operating the blockchains for all the people in the supply chain who want to outsouce that function.  We will likely have two tiers of service node operators, ones that deal with the masses in the supply chain and ones that will need to go through additional security clearances to be allowed within the secure networks of some of the big infrastructure projects.  Obviously, the costs go up the tier scale.  We also covered the security model, but there could be additional burdens of getting a hosting platform pen tested and certified.

Question 6: “Does the HLM team have an idea of the profitability Service Nodes might bring, compared to Masternodes?”

Answer 6:
“Service Nodes are an ‘Uber’ model, you can charge what you like.  As we will be creating a use case around blockchains and we’ll do what we can to own that space, you will have little competition other than other service node operators.  Those that want to run Blockchains in-house will always want that option, but I think you will be able to charge a premium of around $50-$90 a month per blockchain node.”

Question 7: “How much investment is needed per node?”

Answer 7: “Your cost is hosting, which is going to be around $10-$20 a month per blockchain.  Part of your income will go back to the Helium network to pay for the infrastructure we are creating.  That is our partnership to support you.  We have not fixed any collateral yet.”

Smart Contracts:

Elevator example: “Let us continue with the elevator example.  We could have boilers, lighting, fire systems, air con, building management systems, etc.  When an elevator is designed, there will be a virtual version of that stored in a 3d CAD model.  A manufacturer will be given a contract to supply that, that is not the smart contract, that is an ordinary contract with terms and conditions.  When the elevator leaves the factory, it will be scanned and information about logistics will then go into the blockchain.  The elevator can be tracked through it’s journey to the location where it will be installed and when it reaches a compound, it will go through delivery acceptance, that is the blockchain now knows and tells everyone that the elevator is on site or at a local compound.  That is our first smart contract; taking delivery requires that elevator to now be insured.  That is a temporary insurance contract and scanning of the acceptance is the start of the contract.  Now the elevator gets moved to it’s final position, once installed it is still under the smart insurance contract, once the project is finished the smart insurance contract finished and the building owners insurance takes over.  

This can trigger the start of a new smart contract, the issue of a guarantee and a service period (the service contract is too complex to be a smart contract).  We are not replacing people or contracts, just making them easier to administer.  This is why we will be working with the Hyperledger blockchain on this specific use case.  Also we are not going to limit ourselves to just this (construction) sector.  Oil and Gas have a similar model for use, as does Mining.  What we discovered during our research is that for decades the construction industry has wanted to be more like the process manufacturing sector, i.e. production lines.  But it is really difficult to do that when each construction or infrastructure project is a unique location.  It turns out that the process manufacturing sector wants to introduce blockchains into their processes, but once you have built a factory you have to wait for a production cycle to finish which makes it hard to introduce blockchains.  This could actually mean that we start in a sector that has no legacy tools and then in 5 to 10 years time we will find ourselves moving into process manufacturing and logistics for things like car parts.”

Helium’s Future:

“Our next steps are to engage with some App developers that nearly 60% of the infrastructure market.  I won’t tell you who they are, because once we start working with them, we will securing that channel for a while.  So it is in your interests that we don’t tell you who these App developers are, but there are 5 Apps.  I can tell you that one of the firms we will be working with is a SAP certified business, which means whatever we create, SAP will eventually provide 3rd party support for it.  The next steps on scoping out the Hyperledger use case will commence in 3 weeks wit ha white board, several App developers from different big businesses and from there they will form something called (for now) the Helium Alliance.  The job of this alliance is to set data standards for moving data around the blockchains and from there we can go and create stuff that should work together.”


Bump for visibility. Good synopsis for those who don't care to use slack.

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3... 2... 1... Launch!


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June 17, 2017, 02:34:55 PM
 #462

Hello Helium,

Please feel free to Like or RT: https://twitter.com/themoonparadigm/status/876085349319024640

Cool

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June 17, 2017, 07:37:49 PM
 #463

Will Helium coins be distributed right after the August 1 snapshot?
If so, how will we hold them? Will there be a Helium wallet by that time, or will they be an ERC20 token or something else that can be exchanged for the Helium coin in the future?
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June 17, 2017, 08:48:19 PM
 #464

Will Helium coins be distributed right after the August 1 snapshot?
If so, how will we hold them? Will there be a Helium wallet by that time, or will they be an ERC20 token or something else that can be exchanged for the Helium coin in the future?

Well IDK how it will work with Helium but a snapshot literally means a photocopy of all Spreadcoin's address balances on a given block on August first. All addresses will be credited 1:1. So all you need really is a Spreadcoin address with some coins on it (and the private key of course). Bittrex already confirmed that they will facilitate the snapshot on their Spreadcoin addresses (so if you got SPR on Bittrex they'll add a wallet with the HLM balance). Most likely the Helium wallet will let you import a spreadcoin private key, check that against the snapshot and allocate you your HLM coins through advanced voodoo. For this it doesn't really matter when HLM will launch or whether there is a wallet available at the date of the snapshot.

burp...
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June 17, 2017, 10:08:02 PM
 #465

Will Helium coins be distributed right after the August 1 snapshot?
If so, how will we hold them? Will there be a Helium wallet by that time, or will they be an ERC20 token or something else that can be exchanged for the Helium coin in the future?


Great question.


The August 1st snapshot date is simply to collect the information for the coin redemption, which will happen soon after the Helium network launches in early September. Once we launch, the circulating supply as per the Speadcoin August 1st snapshot will be fast mined (perhaps in the genesis block) and then we can look at starting the redemption process.


I will be providing updates on this all at the next AMA I will be holding in the Helium slack. Details to follow.

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June 18, 2017, 02:25:48 AM
 #466

Will Helium coins be distributed right after the August 1 snapshot?
If so, how will we hold them? Will there be a Helium wallet by that time, or will they be an ERC20 token or something else that can be exchanged for the Helium coin in the future?


Great question.


The August 1st snapshot date is simply to collect the information for the coin redemption, which will happen soon after the Helium network launches in early September. Once we launch, the circulating supply as per the Speadcoin August 1st snapshot will be fast mined (perhaps in the genesis block) and then we can look at starting the redemption process.


I will be providing updates on this all at the next AMA I will be holding in the Helium slack. Details to follow.

Bimmerhead, if I understand correctly it will be like that:

-->Aug 1st - snapshot means that everybody with a non-zero SPR address at the time of the chosen SPR snapshot block will be ELIGIBLE for the same amount in HLM.
(notice there is NO Helium yet!!!)

-->Aug 1st to Sep (early) - everybody with a non-zero SPR address at the time of the chosen SPR snapshot block can now CLAIM his Helium monies.
(by CLAIMING - I mean for you, and everybody else will be reserved in some way HLM amount equal to their SPR at the the snapshot block)

-->Sep (early) - HLM genesis block will have all the claimed SPR coins as HLM coins and they will be redeemed in one way or another by their "owners".

The way the latter will be done is yet to be decided (or it already has been?!) by Coins.
1. Hardcoded in the genesis block. I have no idea how everybody will be getting their HLM privkey though, so hopefully their HLM funds are encrypted with SPR public and providing SPR private will "unlock them".
That will be the best way - automatic and no additional SPR holders input needed.
2. Using escrows - the pros are that only people that claim their funds will get them and the cons are that only people that claim their funds will get them.
Seriously - that will be a lot of work for Coins101 and KarmaShark, but then only people that are interested and following SPR and HLM will get these HLM funds from thin air. It will be very insulting to people with hundreds of thousands or even millions SPR (maybe there are some) when they figure out some time in November they missed to claim their dough...

I personally WILL claim my coins either way, and I can see how both ways are fair - If you are invested in SPR you will be following what is going on with it and HLM, so you get rewarded with HLM.
If you have completely turned back to SPR and not keeping up with it - don't deserve a bonus. On the other hand - if I had some SPR and I am on a trip/vacation, in a hospital or school or whatever and I miss that month to month and half period it will suck!


Oh and all that are my opinions and understanding, I am not involved with HLM team whatsoever.
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June 18, 2017, 01:38:34 PM
 #467

It will be very insulting to people with hundreds of thousands or even millions SPR (maybe there are some) when they figure out some time in November they missed to claim their dough...


In my opinion, if you lose the opportunity to claim your HLM stake because you are not aware of the current development it's your fault. If the intention of the developers is to maximize decentralization I would make it compulsory to have to claim. The worst thing for a decentralised coin with masternodes is a few bagholders with tons of coins.
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June 19, 2017, 08:54:44 PM
 #468

is bittrex going to credit our accounts if we hold spread on snap shot date?
And if I want to hold my spread into my wallet can I do this with a message sign?

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June 20, 2017, 08:57:21 AM
 #469

This is the most complicated thread I've seen.

I really have no clue or idea how I will be able to get HLM coins nor having a Master Node..  Huh
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June 20, 2017, 10:33:48 AM
 #470

This is the most complicated thread I've seen.

I really have no clue or idea how I will be able to get HLM coins nor having a Master Node..  Huh

To get HLM:
1. Buy or mine SPR now and wait until snapshot date 1st of August to be eligible for claiming your HLM. You can keep your SPR in your wallet or on the Bittrex exchange. As launch approaches I am sure detailed instructions on how to claim your HLM will be published.

2. Buy HLM from the exchange when it is launched there.

To run a Master Node:
You need at least 1000 HLM, and I'm sure instructions for running the node will also follow as the projects nears launch.
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June 20, 2017, 10:43:53 AM
 #471

so how it work with who mined in solo where the wallet generate many address, i need to consolidate in one address for the snapshot? because i can't sign so many address

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June 20, 2017, 12:02:21 PM
 #472

This is the most complicated thread I've seen.

I really have no clue or idea how I will be able to get HLM coins nor having a Master Node..  Huh

To get HLM:
1. Buy or mine SPR now and wait until snapshot date 1st of August to be eligible for claiming your HLM. You can keep your SPR in your wallet or on the Bittrex exchange. As launch approaches I am sure detailed instructions on how to claim your HLM will be published.

2. Buy HLM from the exchange when it is launched there.

To run a Master Node:
You need at least 1000 HLM, and I'm sure instructions for running the node will also follow as the projects nears launch.

Thank you! finally in plain words Smiley

Also, is there a limit of the amount of MN's?

I think on SPR if you had 1000 that was not enough since the idea is the more coins you got, the more chances you got to stay on MN..
So others with more could kick you out..
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June 20, 2017, 12:05:19 PM
 #473

Thank you! finally in plain words Smiley

Also, is there a limit of the amount of MN's?

I think on SPR if you had 1000 that was not enough since the idea is the more coins you got, the more chances you got to stay on MN..
So others with more could kick you out..

You're welcome Smiley

Yes, I also remember that explanation from the SPR discussion on MNs... I don't know how this will function for HLM, as the only thing I know is how to get HLM, lol.
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June 21, 2017, 09:40:37 PM
 #474

is bittrex going to credit our accounts if we hold spread on snap shot date?

Yes

Just to clarify. No we have not had any discussions with the team. So please do not assume this will be suppprted.

Thanks,
Julian (c/o Bittrex)

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June 22, 2017, 03:59:15 AM
 #475

so how it work with who mined in solo where the wallet generate many address, i need to consolidate in one address for the snapshot? because i can't sign so many address

Excellent point!
KarmaShark, Coins101 ?! Any ideas?

I would recommend to do what you said - consolidate.
You will find out you can only do about a thousand blocks at a time, so depending on how many blocks you got it might take a while - it takes some effort/time to consolidate.
I would use AutoHotKey (you will find out why soon enough).

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June 22, 2017, 07:02:40 AM
 #476

so how it work with who mined in solo where the wallet generate many address, i need to consolidate in one address for the snapshot? because i can't sign so many address

Excellent point!
KarmaShark, Coins101 ?! Any ideas?

I would recommend to do what you said - consolidate.
You will find out you can only do about a thousand blocks at a time, so depending on how many blocks you got it might take a while - it takes some effort/time to consolidate.
I would use AutoHotKey (you will find out why soon enough).



You can write a windows batchfile or bash script that consolidates your wallet to a new wallet really easily.  Takes about ten lines of code.

Just run the SPR daemon and use a loop to send chunks of say 500 SPR to a consolidation address.
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June 23, 2017, 01:38:46 AM
 #477

is bittrex going to credit our accounts if we hold spread on snap shot date?

Yes

Just to clarify. No we have not had any discussions with the team. So please do not assume this will be suppprted.

Thanks,
Julian (c/o Bittrex)


To understand the situation.
Can I count on the distribution of HLM coins if I keep coins on the Bittrex exchange?
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June 23, 2017, 02:11:00 PM
 #478

is bittrex going to credit our accounts if we hold spread on snap shot date?

Yes

Just to clarify. No we have not had any discussions with the team. So please do not assume this will be suppprted.

Thanks,
Julian (c/o Bittrex)


We had a conversation back in late March. I don't expect a busy team to remember every discussion they had.

We'll engage with them again soon, once we've started the next phase of our deployment plans.

It's a top priority, it's just not a top priority right now and certainly not the number one priority.

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June 23, 2017, 04:34:36 PM
 #479


We had a conversation back in late March. I don't expect a busy team to remember every discussion they had.

We'll engage with them again soon, once we've started the next phase of our deployment plans.

It's a top priority, it's just not a top priority right now and certainly not the number one priority.





Indeed.


This is on our radar and for good reason, yet we are at a juncture in the project where some very large Enterprise-based opportunities lie. These are opportunities many blockchains will work several years as a functional network before even getting a mere sniff at such a chance, so it behoves us to stick to the plan which is designed with long term success in mind.

Because the community does not get the benefit of seeing all of these moving parts, Coins and I ensure we keep you all up-to-date so you can be making informed decisions and offering us both constructive feedback. The more patience and trust you all show us as one big family, the smoother the project runs. This is an endeavour I am investing my entire Life into because it deserves nothing less, and I can assure you that the commitment Coins has made is of similar nature.


You are all in very good hands here and I want to thank each of you for putting your faith and support behind us. When I get up each day, this is why I have the passion to succeed and overcome, community truly is everything.




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June 24, 2017, 02:10:58 AM
 #480

So there was NO conversation with Bittrex?!?!?   What a bunch of liars.  I'm glad this scam got called out, before it even started LOL
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