Wondering if this is another brain fart on the innocent, unknowing normies?
Ummm not really.
Instead, the weather in Mumbai is getting hotter. On the positive side, mangoes are here!
So what calls for a perfect celebration? Rant. Yes. A simple plain outburst of pent up thoughts.
Let the screaming begin!
Why tf should you even read this?
I know. I mean why would you believe us? After all, we promised lambos and the moon. And what did you get?
A noodle haired middle aged dude who YOLOd your money with his girlfriend and took the entire industry down single-handedly. If you are still wondering, we are referring to yo fren SBF and his beloved FTX. More like FML.
More context? This not-so-gentleman created a facade crypto exchange worth $22 Billion to commit financial frauds with his girlfriend in the background only to lose it all one day!
Anyway, this time is different (or so we think). We have just got approval for the Bitcoin ETF which gives a solid foundation to the industry. And this time, we are really pitching something meaningful. Not your next door kittens or penguins. But like the real deal.
Wtf is DePin?
DePin stands for Decentralized Physical Infrastructure Networks. Okay. Let us dumb it down.
Physical infrastructure networks are real-world building blocks that make a system work.
Examples anyone? Here goes. Physical infra networks may include:
- Cell towers (Not the scammy messages you get to generate additional revenue)
- Data centers (Where your simp media is stored)
- Power grids (That generates electricity for your degen ventures)
And here’s the thing. These network infrastructures are generally owned by large corporations. These centralized super powers extract the maximum value from the network by owning them.
I mean today Adani Electricity has total control over prices, Airtel and Jio have duopolized to steadily increase the data costs (after giving it away for free) and Amazon Web Services decides what and how much you can store and what to pay for it.
On the other side of the ring, we have got DePin. It tries to flip the switch for good.
Instead of giving the ownership to these corporations, how about we let people like you and I contribute to the network whilst making some moolah in the process?
For example, how about I buy and setup a professional WiFi hotspot router thingy (equivalent of a mini cellular tower) and let people use it in return for money?
And if one day enough people do it, we have got a system that allows normies to become partial owners of the network.
Too good to be true? Checkout Dabba network. They are trying to create an ecosystem of local internet providers and consumers using crypto.
What Else?
And also, after all it is not just about making money by claiming a piece of the market.
It is about running the community operations as a collective for the larger good.
One thing about power is that it always corrupts people.
This system can prevent that from happening.
Any key decision regarding policies, costing now becomes a community based decision instead of a CEO calling the shots on your behalf.
Where does crypto come into picture you ask?
Well, it is the thing that decentralizes the operations. The ownership of a piece of network is established on Blockchain and crypto is used as an incentivization layer on top of it.
This helps DePin stand out in two ways:
- You can’t go rogue with Blockchains (Way better than trusting someone who says they won’t go rogue)
- You open up the network to anyone with the transparency, censorship resistance it brings along.
Will this be a substantial narrative to support the ecosystem in this bull season? Only time will tell.
My take is that it is leveraging Blockchains for meaningful transactions unlike previous cycles.
Why Should You Care?
For starters, it means you get fairer prices for your connectivity. Secondly, media censorship would become a thing of past.
But more importantly, it is a cultural movement. In the past companies like Amul, Lijjat Papad have made it real big using their Co-Operative model.
This is a software manifestation of such a model.
So if you are onboard, raise your hands and read more about crypto on this blog. If you aren’t, it doesn’t matter. We’re going to die anyway!
This blog post is part of the blog challenge ‘Blogaberry Dazzle’ hosted by Cindy D’Silva and Noor Anand Chawla in collaboration with Mads’ Cookhouse.
25 responses to “DePin is The Pin of Crypto 2024”
Hahaha! We are going to die anyway. So I don’t want to learn any more about crypto and bitcoins and DePin. Or perhaps if I see how rich you’ve become with this, I may invest something into it. Just maybe!
‘Rich’ is a state of mind, Cindy. 😂
But I would urge you to experiment as long as we’re alive. 🙃
Another interesting insight on something that is not-so-known to normies like us. I think this can be revolutionary, if only enough people have faith in it.
Though your blog is convincing enough.
The Dabba community sounds interesting. Glad to have decoded DePin at least, after reading so many of your posts.
From what I could absorb from your rather witty post, DePin is a more democratic and community-centric system of getting crypto and I do like the idea but there will always be ways to bend the system which I as a crypto novice fear.
I will Google dabba community cuz of all the things I read n learnt from your post Raghav, this one caught my attention as the idea seems real good.
Sometimes, I wonder if genuinely interested people read your posts. I hope there are only few like me who have no interest in the product but read cuz of the way it is written.
That last line, ‘It doesn’t matter. We’re going to die anyway.’ produced a chuckle from me😜 and I feel it also kind of summarizes your entire blog theme and tone because your purpose is to spread awareness and bust myths but if someone isn’t interested, what can you do, right? 🙄
Wow, this was eye-opening! I never knew about all these tech and crypto stuff before. It’s kinda cool to learn how things like internet access could change in the future.
The more I try to understand about crypto through your posts, the more it goes tangent for me. I must just let it be, I guess.
We are going to die anyway 😁😁 Like your humour to sum up the post. Glad to know about DePin. With examples you make it every thing easy. Dabba Community quite interesting.
Wow, what a rollercoaster of thoughts and emotions! Your rant definitely grabs attention right from the start, and I appreciate the honesty and humor throughout.
The way you break down the concept of DePin is both informative and engaging. You manage to simplify complex ideas in a relatable way, making it easy for readers to grasp the concept and its potential impact.
Raghv, your post is like a rollercoaster ride through the wild world of crypto! I love how you break down DePin’s concept in such a fun and quirky way. Who knew that owning a piece of a network could be as easy as setting up a WiFi hotspot router thingy? 😄 It’s cool to see how blockchain is shaking things up and giving power back to the people. Thanks for sharing this eye-opening info.
For now I am happy I understand the meaning of the crypto terms and thats because of the effort you take. So thank you.
Raghav Boss you will make each one of us a confident student of Cryptocurrency, Bitcoin and much more in Finance before this blohhop ends. I am really grateful to you for making this topic so interesting and enjoyable for each one of us. Hats Off
That is quite a way to sign off on your post! DePin does sound too good to be true but then there would be all the hassle of the regulations and stuff.
When it comes to the whole crypto world, it can be a wild ride, that’s for sure! I appreciate you breaking down the concept for us non-experts! It’s fascinating to think about how this could change the game, especially when it comes to fairer prices for connectivity and less media censorship.
I loved the last part that made it the best. I learnt a couple of new terms this week depin, dabba community. Every post of yours is a learning
I was going to go up and read again since I could understand a fraction of what I read, but alas, I realised I would die anyway and left it. Haha! Although I’m curious to know how one can actually get it done, stand up to big giants that is.
that last line had me in splits! Its good to see that crypto may be becoming more reliable.
I can see your are really trying hard to make Normies like me understand but as I have said it earlier, until and unless we try it ourselves things are not going to be easy. Any thing that you decentralised becomes better and it is easy to regulate.
Very interesting information about crypto for sure. But it is not my cup of tea I guess.
As always, an enlightening post. Made me aware of new terms and concepts. Thanks.
Very interesting concept after crypto and bit coins. As i are leaning new concept each time I read your blog. Thanks for evoking curiosity for new concepts with each blog.
It definitely sounds promising. I’m not quite on the crypto board yet but when I do get on it, I will support this move.
it’s good to invest but do it the right way and have a knowledge of what you investing in before going all out,i was scammed and was able to recover my capital through the help of ‘’ BsbForensic. c0m ,he enlightened me more and i’ve been more careful since then .