Will Netflix and YouTube Threaten Bitcoin?

redsun114

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Quote from: sirdevil on February 10, 2016, 10:13:21 AM

Quote from: r0ach on January 19, 2016, 12:55:04 PM

This is bullshit man. Companies like AT&T received government subsidies to upgrade the nation's internet infrastructure. Instead, they kept it all and either went golfing or bought mortgage backed securities. US internet throughput is being gimped on purpose. It looks like someone put Blockstream in charge of the internet too.

As long as companies like Netflix and Youtube have financial interest upon the existence of a powerful bandwith structure, investments are going to keep flowing into this direction and hence there will be a growing capacity for the next years.

Satoshi is a prophet.

Yes, and if they do not acquire according to the bitcoin for the bitcoin then they will lose all the profit they are earning.
It is not a kiddy play to leave established like that so they will focus on that area..

Supercrypt

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Quote from: commandrix on February 10, 2016, 02:07:08 PM

Unlikely, IF somebody finds a way to make a Bitcoin-only video service profitable. The question is whether we prefer the Youtube model (advertising) or the Netflix model (monthly subcription fees).

If a plate like that came, and that site got fame like youtube and left back youtube and Netflix a few steps back, Then I think people will start to attract there, and this will give a huge harm to both of them.

neonshium

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Quote from: allthingsluxury on February 10, 2016, 09:59:37 AM

I highly doubt that it will threaten bitcoin at all.

I am also highly sure that it will not threaten bitcoin. The future is of bitcoin and for any issue or there problem there exist a solution or it is solved sooner by the experts. So, they will try to adjust according to bitcoin.

Rubberduckie

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Quote from: WhatTheGox on January 19, 2016, 02:50:04 PM

How can netflix be bigger than youtube i dont get it. You have to pay for netflix aswell dont you and youtube is free. Also i think this is only in the USA netflix not as popular worldwide, still popular though.

I think its because when you watch a tv show or movie its a full hour +
When I watch youtube its just a few minutes at max (at least what I watch)
Also I think cord cutting has become super popular so some people
are using netflix as their only source of television along with a satellite to
watch local channels (abc/nbc/fox/cw etc)

mainpmf

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Not a bad subject because some internet provider are already making some content more available than other!

In Europe the problem won't happen as a law recently pass (at least in France but I think it's going to spread) stating that all internet content are equal. Which means any internet content has to be sent the same way than another. So they can't for example decide to let Netflix film going through while stopping Youtube video or btc tx =)

commandrix

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Unlikely, IF somebody finds a way to make a Bitcoin-only video service profitable. The question is whether we prefer the Youtube model (advertising) or the Netflix model (monthly subcription fees).

sirdevil

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Quote from: r0ach on January 19, 2016, 12:55:04 PM

This is bullshit man. Companies like AT&T received government subsidies to upgrade the nation's internet infrastructure. Instead, they kept it all and either went golfing or bought mortgage backed securities. US internet throughput is being gimped on purpose. It looks like someone put Blockstream in charge of the internet too.

As long as companies like Netflix and Youtube have financial interest upon the existence of a powerful bandwith structure, investments are going to keep flowing into this direction and hence there will be a growing capacity for the next years.

Satoshi is a prophet.

allthingsluxury

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I highly doubt that it will threaten bitcoin at all.

fricircled

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Quote from: Jet Cash on February 09, 2016, 07:35:31 AM

Maybe we should have 1Kb blocks to save the Internet.

It should be the other way around. People should use less Youtube or Netflix to let Bitcoin go faster.

iqlimasyadiqa

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I think the threat can not be clarified. threats like what you mean?
bitcoin and youtube are very different.

Herbert2020

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it is always a growing contest out there. the bandwidth increase leads to bigger files, better qualities in case of videos and at the same time these bigger files would demand bigger bandwidth that is just the relationship that always existed but i still can't see how it can threaten bitcoin!

Jet Cash

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Maybe we should have 1Kb blocks to save the Internet.

elizabethqueen

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threaten?i dont think so,i wish netflix and youtube considering to accept or work with bitcoin,not be threat for bitcoin,and will be amazing if youtube pay people to upload video and pay them with bitcoin Grin

mtnsaa

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I remember reading about integrating Bitcoin into torrents apps like Popcorn Time and similar so you can donate and support the creators. Doesn't have to be only films, just about anything. This will be a system of royalties where the artist just get a new way of revenue and somehow helps alleviating the damage done by piracy.

fricircled

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Quote from: allthingsbtc on January 19, 2016, 03:03:07 PM

Bitcoin would be much better off if Netflix began accepting bitcoin. However I don't think that the bandwidth that Netflix uses will interfere with the bitcoin network any time soon.

The bandwidth used by bitcoin is much much smaller than netflex or other content providers. It will not be affected by rationing.

ricardobs

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There will not be any limit on bandwidth in near future, the raise of fiber optic networks now supports for higher data limits. They will never threaten bitcoin.... So, running full node and seeking for HD contents will exist in parallel.

BellaBitBit

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Quote from: mirana12345 on January 20, 2016, 05:07:59 PM

As internet traffic is increasing over time, the network bandwidth is growing as well, covering the needs and demands of all services, so
i don't see how any of the services listed here could pose an issue, and least of all the blockchain.
Almost every year we get increased increased speed with unlimited traffic where i live, at the same price or even less, so i think your point isn't a valid one.

agree, speed and bandwidth continue to grow with each other and I do not see it no leaving room for Bitcoin.

mirana12345

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As internet traffic is increasing over time, the network bandwidth is growing as well, covering the needs and demands of all services, so
i don't see how any of the services listed here could pose an issue, and least of all the blockchain.
Almost every year we get increased increased speed with unlimited traffic where i live, at the same price or even less, so i think your point isn't a valid one.

coins101

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https://www.reddit.com/r/Bitcoin/comments/41w4nl/the_bitcoin_blockchain_is_nearly_60gb_and_is/

Monthly bandwidth would be around 15GB to 50GB between each node to node.

Plus, full nodes would be sharing bandwidth among SPVs, pruning nodes, segwit nodes, miners, etc. So probably x30 for that extra bandwidth per node.

x5000 nodes would be many, many TBs of data each month being used by the network. Not really a problem, except for HD and 4k on demand video hogging the last mile cabling.

shorena

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Quote from: Kakmakr on January 20, 2016, 12:32:35 AM

Bandwidth should not be a issue at all, and when it becomes a issue the industry will expand to accommodate for that. The backbone can currently handle much more traffic, but it is being throttled to manage steady growth. The backbone is not the issue, the ISP is the bottleneck.

In any case, Bitcoin use very little bandwidth and will not be threatened if this happens. See this, https://www.telegeography.com/telecom-maps/global-internet-map/ {This was in 2012}

Our usage per country, https://en.wikipedia.org/wiki/List_of_countries_by_number_of_broadband_Internet_subscriptions

Calling 256kbit/s broadband is a shame, isnt it? Thats not even enough for a 480p youtube video without buffering. With that "broadband" it would take almost 19 days to download 50GiB worth of blockchain data.

Topic: Will Netflix and YouTube Threaten Bitcoin? (Read 1697 times)