Topic: The end of net neutrality means the end of bitcoin in the USA? (Read 469 times)

There’s still a possibility of repeal and the opposing legal action isn’t over yet. I wouldn’t expect them to do very much “rocking the boat” at this point.

...and then nothing happened. No legislation can kill bitcoin. Not even the combined might of the most populous countries on earth can stop cryptocurrency can stop bitcoin. Eventually, these people will embrace bitcoin. 

QuestionAuthority, I think the issue is a standards setting country like the US having a few oligopolies of internet-providers working in lockstep in banning/limiting content in unison that would incredibly limit free access of information (and services around bitcoin?).

nullius, your post hits dead-on with what is happening in world's central bank-led financial system. Thank you (and will likely quote you from it).

(to you both, currently out of smerit - using this post as a marker to remember to comeback and credit you when replenished.)

They'll ban nothing. They'll just make them much slower. The ones that don't pay for bandwidth will get a very small one.
It's like the BTC transactions: try to send with 5 sat/byte

And for larger sites it will be a logistic nightmare to relocate away from US for fair bandwidth.

A Bitcoin service on an US site not paying for big bandwidth may be hard to reach, slow to load. We'll see uglier and slower websites and the small pools will move to Asia, meaning bigger ping times.

I am  not sure why would they do that? Why ban legitimate sites? Wouldn't it be cannibalizing their market share? People who cannot use the services they are interested in would surely change the provider and that would be the end of it.

So I am really not seeing it as a threat right now.

I think it's still too early to see what the ISPs will do. I do think that they will take it slow at first then begin throttling sites, definitely if there's an incentive to do so. However, I don't feel it's the end of Bitcoin in the USA as there may be ways to get around it. i.e. Mesh Networks, and AT&T's AirGig

ah you follow the MSM good for you but look out for Russians. So u hope I'm censored cause u don't like what i say, that's been going on for years under net neutrality

Fingers crossed your ISP does everyone a favour and blocks your access to this site.  Maybe then you might notice an effect.  Trump is not your saviour.  He doesn't give two shits about you or any of the things you might care about.  He is using you and your phenomenal gullibility for his own personal gain.  You will either learn this the hard way, or you will spend your entire life being used by people who intentionally try to appeal to the lowest common denominator.  Your country is heading down a totalitarian path even though you somehow perceive it as greater freedom.  Guess what?  It's only greater freedom for the people who want to control you.  You're not getting anything beneficial out of this deal.  Stop pretending otherwise.

Net neutrality was just the left trying to get a revolt of the masses. The obama net neutrality laws used communication laws dating back to the 1930's. It will have no effect on anything. Google was against getting rid of it so that should tell you it's not bad to get rid of it.

QuestionAuthority, please question the “authorities” who make such.  The whole “terrorist financing” bug-a-boo is a pretext, as is money laundering by drug dealers.  Compare the “Four Horsemen of the Infocalpyse”, in the context of arguments to ban strong crypto or require key escrow.

Surely, terrorists and drug dealers and other bad people do use money.  The smarter ones probably use strong crypto, too.  I suspect that most of them probably use this newfangled contraption called the “Internet”.  All of them also use automobiles, food, and air.

By definition, criminals break the law; and the powerful, organized ones are quite adept at so doing without ever getting caught.  I should think that professional money-launderers love AML/KYC/FinCEN stuff; such things make their services valuable to professional terrorists and drug dealers, and help lock out upstart competitors.  Ultimately, in this and every other way, when privacy is outlawed, only outlaws have privacy.

The American obsession with money-control is only about mass social control:  Control of everybody who isn’t a professional money-launderer, and lacks access to the services of one.  Not even people-control:  Cattle-control.  Like control of communications and transportation, total control of money is one critical part of an unlimited tyranny.  When every move you make, every word you say, every book you read, every interpersonal association you have, and every dollar you spend are all tapped, traced, tracked, and permanently databased, then each individual is left with only two choices:  Either submit as part of the ovine herd, with a status lower than that of any slave in history; or go straight to the slaughterhouse.

Bitcoin is the money which nobody controls.  It is imperfect; in this context, the linkability of transactions is a serious problem.  But first and foremost, nobody controls it.  Nobody can enforce a requirement that you meet “KYC” requirements to open a “Bitcoin account”.  Nobody can freeze or seize your coins—not by peremptory order, in general; and not by any means whatsoever, if nobody knows you have those coins.  And nobody can stop you from protecting your privacy with whatever technical means may be available.  Bitcoin is cypherpunk money; and it’s in the initial stages of taking over the world.

Thank you, Satoshi Nakamoto.

(I have some replies in mind for earlier posts on this thread; perhaps another time.)

The link of the article states block-bitcoin-cryptocurrency-trading. And there is a huge difference between bitcoin trading and sending bitcoins through the internet? Trading is a commercial activity and the traders have to report their activity to the authorities in the US and pay taxes. But sending bitcoin through the internet is not a commercial activity and should be allowed in any case.

Wrongfully accused her, poor woman was trying to help me and my organization to jump a girl, any girl for the first time in my life (note, as the head of the organization, jumping priority is for me).
That one I agree totally, they want jumping beggars. I *heard that US soldiers and ISIS soldiers were force-jumping girls from different angles.
Yet I'm a virgin. US government doesn't want any terrorist, why do we have so many terrorists then? what US government wants makes no difference, what they do does, you can track Bitcoin transactions, can you track hundreds of billions in the hands of US government and see where they are spending them?

*disclaimer, don't tell Lauda that I watched porn. lol.

Oh, so you believe net neutrality will hurt bitcoin everywhere and not just in the USA. Yeah, I guess you’re right.

China control’s the internet because they like to control citizen beliefs. China doesn’t want any free thinkers.

The USA wants to control the internet because they like to control citizen money. The USA doesn’t want any terrorists. They do that by controlling the flow of money.

Yeah I don't understand how some can sayt hat US is not a big deal to the crypto community, it is a very big deal. Especially since Russia and China seem to be trying to control the crypto community pretty hrad. A "loss" of investors in the US would negatively impact crypto for sure!

The current publicity BitCoin is getting is great but together with steps like this to control this new space there will be less and less opportunities for regular people such as us to make big gains. I am sure Blockchain technology will live on but the freedom we ahve had might be coming to an end.

What??
How can you actually say that?
Where are the nodes? Where are the big wallet owners? Where are the shops accepting bitcoins?
The country that has 3/5 of all bitcoin ATMs, that has one of the most reliable exchanger (with the top downloaded app in appstore) is ...not very important?

And you even mention China? What has China nowadays other than mining?
Since you said China, you think that the end of Net Neutrallity will bring an end to bitcoin in the US while China with its Great Firewall will not?

Honestly I'm so amazed of hearing this, especially from you I don't know from where to start.....

It's just the liberals attacking trump. Read up on net neutrality. It actually increased censorship and the internet was doing fine before obama passed it a couple years ago.. it's nonsense thank god the bullshit law which linked the internet to 1930's law is gone. It will help Bitcoin we already see it

I’m sure solutions will be developed, like Substratum, to work around the problem. The issue still remains the same because it’s easier to destroy something than it is to design and build it. Also, when you involve average people there is a learning curve issue as well. How many iterations of cryptocurrency are people going to be willing to learn?

I agree that net neutrality in the states is a big hit to BitCoin, especially if providers starts to block crypto exchanges. Not saying that this will happen but it is a possibility and should be taken into the risk management account when handling cyrpto currentcies.

Even though this might be gotten around with VPNs and the TOR network not everyone is "tech savy" enough to use these or know what they are. So a block of crypto exchanges would surely affect BitCoin negatively. US is still a big market for cryptos.

But isn't this what coins like Substratum is for?! Creating a decentralized internet where everything is open and it is impossible for the provides to stop access. If net neutrality hits hard could that be a solution?

Net neutrality would affect bitcoins majorly
If the US government bans the US banks which accept bitcoins and other bitcoins transactions it would lead to huge loss for the bitcoin holders

I wonder if the government is passing net neutrality as a way to coerce businesses into combatting this:

https://www.express.co.uk/finance/city/893151/Bitcoin-price-latest-news-ISIS-terror-cryptocurrency