Categories: Bitcoin Politics

You’ve Been Lied to About Net ‘Neutrality’ (Op-Ed)

Click here to view original web page at cointelegraph.com

There are three problems that surround this debate, and each problem comes from a different group:

1 – First is a problem for us, the consumers. Near-monopolies like Comcast, Verizon and AT&T did not become near monopolies by accident. During the early days of the Internet, regulations (i.e. barriers to entry) were created that effectively prevent other, smaller ISPs from being able to compete with the behemoths. This allows these mega ISPs to provide their shitty customer service and high prices we all know so well.

2 – Second is a problem for the government, who back in the days before the internet was able to control the content on broadcast media almost exclusively. It could do this because the only forms of broadcast then—television and radio—had been “regulated” by the FCC. The government currently does not have the power to decide what you can and cannot see on the internet the way it does for television and radio—and it really, really wants to change that.

3 – Third is a problem for Internet Service Providers. Contrary to what you’ve been told, ISPs aren’t freaking out about how much bandwidth you use when you stream Netflix. That’s a lie told to scare you into acting irrationally. People were streaming scads and scads of high-def porn long before Netflix came along. In fact, ISPs don’t have a problem that the average business doesn’t have—how to maximize returns on investment. And for the more unscrupulous among them, getting in bed with government regulators in exchange for keeping their monopolies sounds like a pretty good business plan.

You’ve Been Lied to About Net ‘Neutrality’ (Op-Ed)

Now you can probably tell that only one of the three groups mentioned has a legitimate problem. Governments attempting to censor content is not legitimate and transnational corporations seeking more eradication of competition is also not a legitimate problem. What is a legitimate problem is that consumers are forcibly prevented from having more choice in ISPs. It’s absurd that only a few major ones exist, usually only one per area.

Can you imagine if JC Penney were the only clothing store allowed to operate in all of Kansas? If TGIFriday were the only restaurant allowed to operate in Ohio? These ideas sound absurd to us. Why? Because we consumers still have relatively free markets in clothing and food, so we’re used to having lots of choices and generally having access to exactly what we want (and if we don’t, we just go online to get it).

But because there’s never been a free market in Internet service, we don’t even know that we should expect it. That hundreds of ISPs should be the norm the way hundreds of clothing stores and hundreds of restaurants is the norm just doesn’t register to us.

Hundreds of ISPs would solve the problem of different people wanting different things online (not to mention drive down prices dramatically). There could be a Porn ISP who streamed the shit out of high-def porn, as much as you could watch, all for one low price. There could be a research ISP, a social media ISP and even a Netflix ISP. And there would probably be hybrid services where you could subscribe to a little of everything—just like grocery stores, where Chinese food, cake, pizza, toilet paper, milk, eggs and beer are all under one roof.

We’re not all petitioning the government for “grocery store neutrality” or “clothing provider neutrality.” (And anyone who wants to know what the government’s idea of “neutral” content will be should read a few Snowden leaks.) Hint, hint: what better way to kill Bitcoin than let those who are most threatened by it decide what kind of traffic is allowed on the Internet?

A problem created by regulations—our current Internet situation—can be solved in one of three ways: a stripping away of the regulations (fat chance!), the ignoring of the regulations (a more valid, though still difficult option) or outright innovation making the old model fade into obsolescence (similarly to what Bitcoin can potentially do to fiat currency).

I myself prefer the third model. As long as there are monopolistic, single-points-of-failure like Comcast and Verizon standing between us and a world wide Internet, there are going to be problems of bad service, high cost and low reliability or, in other words, the problems of centralization.

The Internet took off, in part, because television and radio were so stifled by the FCC. Letting the FCC do to the Internet what it did to television and radio would be truly horrendous. Only when the Internet is decentralized—through mesh networks, satellites or something even more brilliant—will we see these problems melt away.

Did you enjoy this article? You may also be interested in reading these ones:

Do more than buy & sell bitcoins. Boost your returns using up to 8x leverage and profit in rising or falling markets. Start investing from as little as $US10. Flexible to close out your position any time

Register to get free bitcoin for your social shares! Join the community! / Already registered Log in!

1 – First is a problem for us, the consumers. Near-monopolies like Comcast, Verizon and AT&T did not become near monopolies by accident. During the early days of the Internet, regulations (i.e. barriers to entry) were created that effectively prevent other, smaller ISPs from being able to compete with the behemoths. This allows these mega ISPs to provide their […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Everyone’s Worst Fears About EOS Are Proving True

The Takeaway: EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.… Read More

5 hours ago

Street Artist Makes $12,000 in Bitcoin Donations

A French street artist best known for painting lady liberty leading the yellow vests has stated he has received more… Read More

6 hours ago

Wave Financial Launches World-First Bitcoin Yield Fund: Wave BTC Income & Growth Digital Fund

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ -- Wave Financial LLC (Wave), a leading asset management firm focused on digital assets,… Read More

6 hours ago

Nigerian man returns bitcoins worth $80,000

Keith Mali Chung returned Bitcoins worth $80,000 mistakenly transferred to him. A Nigerian man who found $80,000 dollar's worth of… Read More

6 hours ago

Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited

Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points.The BTC/USD instrument… Read More

6 hours ago

Bitcoin Hashrate Hits All-time High as Price Dwindles

The benchmark metric of miners confidence in the Bitcoin network established its all-time high on Thursday.Hashrate, which reflects the processing… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More