Could Eroding Net Neutrality Hurt Bitcoin?
Bitcoin is a payment mechanism designed to level the playing field, driving out unnecessary costs and making it possible for even the lowest income members of society to participate in the economy. But it relies on a free and open Internet to do so. In the US, the rules governing Internet access are changing, threatening net neutrality - the principle that lets everyone use the Internet in the same way. Where would that leave bitcoin and other cryptocurrencies? It helps to think of the Internet like a giant switched city road system, with packets of information traveling along it from....
Related News
In the Spring of 2015, the Federal Communications Commission modified its common carrier regulations to include Internet Service Providers (ISP), essentially creating net neutrality in the United States. Now, Republican presidential hopeful Jeb Bush hopes to reverse the FCC’s decisions and overturn those regulations, returning the ISP industry to the way it used to be. Bush’s argument for repealing net neutrality maintains that the regulations hinder consumer welfare — rather than increasing it — and harm smaller ISPs. Bush’s official campaign website published a blog post titled “The....
The United States Federal Communications Commission (FCC) recently voted to end "net neutrality," which will allow internet service providers to charge fees for faster connection speeds. Many have decried this decision, although it is still unclear what ultimate effect this will have on the internet service industry. In the meantime, many cryptocurrency enthusiasts-especially those considering an investment in mining equipment-wonder how this decision will affect them. CCN obtained an exclusive interview with the CEO of a prominent mining hardware company to tackle this important issue.....
Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday. Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and […]
Ted Cruz might still be considered a newbie to the United States Congress the splash that he has made in his short time there can only be considered a building tsunami. Cruz has been compared by several media personalities as the 21st Century version of anti-Communist crusader Joe McCarthy from the 1950’s and he led the charge to shut down the US government: Twice. But now the obstructionist Ted Cruz has a new target to focus on: Net Neutrality. The importance of net neutrality cannot be overstressed. The paradigm states clearly that broadband providers must be kept at arm’s length from....
Will U.S. President Joe Biden’s executive order calling for regulatory guidelines around Bitcoin help or hurt the technology?