Is DePIN Overhyped? (Breakpoint 2024)

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.2 • 1K Ratings

🗓️ 20 November 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

*SPONSORED CONTENT* Did you miss out on Breakpoint 2024? In partnership with Solana, Real Vision is releasing the best talks from Breakpoint 2024. In this debate, Abhay Kumar of the Helium Foundation and Matt Stephenson of Pantera Research discuss whether decentralized, token-incentivized networks are capital-inefficient. Moderated by Multicoin Capital’s Shayon Sengupta. Breakpoint is the annual gathering of the worldwide Solana community, hosted by the Solana Foundation. Breakpoint 2024 was held Sept. 20-21 in Singapore. For more information, go to https://solana.com/breakpoint. DISCLAIMER The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Solana Foundation Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities. Timestamps: 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com About Real Vision™: We arm you with the knowledge, the tools, and the network to succeed in your financial journey. Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3Y4t5Pw Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey, everyone. As you know, Salana is one of the ecosystems I'm the most interested in. I've been
0:07.2	incredibly bullish. I love to see the vibrancy of what is happening in the space.
0:12.1	Unfortunately, I couldn't make Breakpoint this year, but the stories have been amazing.
0:17.5	I heard the talks are incredible, and we're really proud of Real Vision to give you
0:22.0	talks from Salana Breakpoint, 2024 in Singapore. I right, sick. Sweet. We're here. Super excited to jam on a motion that is very near and dear to my heart. I think I have some version of this debate five times a week. So we have some gigas as was rightly put on stage, to reason about some of this stuff
0:58.8	with us.
0:59.2	We've got Matt, head of research at Pinterra, and I'm here from Helium.
1:03.9	And so we're going to get right into it.
1:05.8	We don't have a ton of time.
1:07.5	So I'll lay some broad structure and some ground rules.
1:10.5	I've been told that I can do whatever I want here.
1:12.4	So let me lay it down a little bit. I have this gong. Any time there's a banger, I'm going to hit the gong.
1:20.1	It's optimized for bangers. Some more bangers. Most debates, cross-talk is not recommended. I highly encourage cross-talk for this debate, so, you know, take your time, but be civil if you can.
1:34.6	And so run of show, I think we start with opening statements as all good debates must. And then we'll kind of get into the specifics, the operative words here, which are hype and capital inefficiency. And then towards the end, we'll try of get into the specifics, the operative words here, which are hype and capital
1:44.3	and efficiency. And then towards the end, we'll try and get into some meta questions about
1:49.6	what we're all doing here, right? So maybe we'll start with opening statements, Matt, as you're
1:55.0	defending the motion, we'll start with you, and then we'll go from there. All right. Thank you,
1:58.9	everybody. I am your resident defense skeptic here on the left end of the left curve.
2:03.5	So thank you all.
2:04.8	I'm research partner at Pantara.
2:06.7	We have D-PIN investments.
2:08.3	My life is better.
	...

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