I think I'm most bothered by Helium lying about their corporate users. There is no longer a question in my mind that we need better government protections for consumers in the crypto space. Whether we ascribe their false marketing to negligence or outright malice, companies like Helium and their investors should be held responsible for exploiting consumers.

I purchased a Helium hotspot last year and was drawn in by what seemed like a real use case for a decentralized system - it made sense to me as far as what value was being provided by miners compared to other PoW cryptocurrencies. I was disappointed by the rewards being somewhat low, but I chalked it up to bad timing.

A few months later, the helium network proposed a change which would take a % of rewards away from hotspot operators and gave it to large holders of the token who have staked it(validators). Sure, this change was 'voted' on - but having more HNT tokens gives you more votes. If large capital holders(at least 50% of the supply seems to be held by the top ~25-30 wallets per https://explorer.helium.com/accounts/richest) can outvote those actually providing utility(hotspot owners), then it doesn't really strike me as a particularly fair and decentralized system.