Net Neutrality: FCC chief Ajit Pai has nailed it. The attack on net neutrality has been successful.
Pai has managed to kill the Internet as we know it, and we will now be discussing online fast-track and paid levels that will give priority to Comcast's Hulu.
Of course, we have not yet begun to discuss the consequences at macroeconomic level.
For example, what does the end of net neutrality mean for encryption like Bitcoin?
Ο Marvin Ammori, the group's legal advisor Fight for the Future said on the Motherboard and broadcasts TNW:
The average person uses Coinbase to buy Bitcoin, Ethereum or Litecoin. It is the average exchange and of course if someone wants it they can block it very easily. If Comcast is the monopoly provider of a website, it could decide that there is a preferred Bitcoin exchange.
Let's see what that means. It is only from this statement (which is hypothetical at the moment) that we can already detect a whole lot of problems with Bitcoin, Ethereum and countless other cryptobodies.
Internet service providers will be able to decide (or change the route under some government pressure) to effectively end the encryption, ban access to deposits, or stop the operation of popular (and trusted) exchanges.
This will leave cryptocurrency lovers with very few options as the services that remain will be under monitoring and control. So they will be completely unreliable for main features of cryptocurrencies such as anonymity for example.
Or another interesting scenario:
Internet service providers could decide to issue their own currencies and give priority to their own transactions through approved bureaux.
Comcoin for example could buy the new one packet “Platinum Tier” Internet offering speed to 130 websites. So bigger exchanges could buy high speed packages to maintain good times, and more security (theoretically) in transactions.
Smaller today's bureaus and perhaps more reliable could never have fast internet hubs.
Or maybe nothing can happen. But I would not be willing to bet on it, no matter what the promoter promises.
We have heard a lot of promises about cheap tariffs, and incredibly high speeds.
