u/SisterOfBattIe

I looked for a few historical rainbow charts, it's not easy since most just point to the page that is rewritten

The 2015 charts is just a straight log linear doubling (!!!) It predicts around 1000X per 4 year, so right now it would have predicted 1 000 000 $/BTC in 2019, 1 000 000 000 $/BTC in 2023 and 1 000 000 000 000 $/BTC in 2027.

I didn't find a screenshot of the rainbow chart from this era, but I found another chart in 2020 that is an outlier as it's surprisingly accurate. It predicted the 60000 $ in 2022 and predicted a tapering off.

The 2023 chart is wildly optimistic, it predicted around 300 000 $/BTC in 2025 and it just keeps going up

The latest version self adjusts to keep predicting a future multiples by making worse predictions on the peak. According to that chart people should have held through the 2025 peak and now they should buy,and hulariously predicts 1 000 000 $ / BTC in the 2030, but the chart doesn't taper off so it would predict a periodic doubling.

Owe 60 000 $ it's your problem

Owe 60 000 000 $ it's the bank's problem

Owe 60 000 000 000 $ it's the taxpayer's problem

scene from margin call

In 2019 Helium promised a LoRa (Long Range) network blockchain powered.

It's not worth going deep into technical details, like any crypto. Broad stroke, you buy a Helium router, pay to get other Helium routers to validate you are there, and in theory, get paid when some users uses your router.

Application would be cattle and e-scooter tracking.

In practice, if you pluck a router in the middle of nowhere where it could be useful, nobody is there to validate you. If you are in a city with lots of routers, there is cell coverage there.

Of course Helium cared none for it. The money was made during the hype phase by buying a router, and reselling it to people with FOMO, then getting paid crypto when they wanted to validate their router. Overwhemingly they were all in cities.

Virtually ALL traffic was routers validating each others. Birtually no user traffic has ever been processed.

Then Helium pivoted to 5G. Printing another token, because why would they let users get more utility out of their tokens?

Six years later, the token is in terminal decline, no data has been processed, lots of ewaste made, and the CEO resigns.

I think it's important to cover when a project fail and compare it to what the release headline was.

Bonus point: Buttcoin posts about it have NOT become u deleted in the meantime :)