Bitcoin faces it's biggest threat in America - page 2.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

He stopped nine companies from providing discounted high-speed internet service to low-income individuals.
It's all about the money. They don't want people to have free or cheap access, they want to suck them dry. This is like a counter anti-monopoly law made by the monopoly itself and Trump has shown that he's there to serve the needs of the whales, not the poor.
Don't worry though they don't care about bitcoin. They could as well limit your access to your bank and demand a fee. It won't happen.
"Don't have money to buy internet at high prices? Maybe you don't need it, get a better job you lazy asshole." D. Trump 2017 Grin

Emoclaw

sr. member

Activity: 420

Merit: 251

Your ISP doesn't give a flying fuck about whether you use Bitcoin or not. They just want to charge Netflix extra for higher bandwidth.

Inicnat

member

Activity: 74

Merit: 10

cryptocurrency enthusiast

Why bitcoin could collapse?? The tech of Blockchain it is just more and more used, right?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

There are endless threads here about how some evil entity will crush bitcoin and I have learned to ignore them on grounds of their lack of merit. No one ever presents a logical method to accomplish this, even a logical reason is often absent. However that may be about to change and I now have to consider selling off my bitcoin holdings before a collapse in price.

The issue is net Neutrality. Without it your bitcoin use may be limited to whatever your ISP decides for you. They may cut it off or make it a TOS offense. They may demand a fee for you to use it, really anything is possible. But make no mistake, your bitcoins will not be under your exclusive control anymore. For this reason I will be considering a 50% divestment and a possible total dumping of bitcoin. I will keep enough for the geo-cache contest, but that may be it.

Thanks guys, it has been a good project and can continue elsewhere in the world from here!

https://www.nytimes.com/2017/02/05/technology/trumps-fcc-quickly-targets-net-neutrality-rules.html?_r=0

Topic: Bitcoin faces it's biggest threat in America - page 2. (Read 2197 times)