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Comment Re:Bell hissy fit (Score 1) 28

In the early Bush Jr. days in the states, Powell's son was put in charge of the FCC. He just so happened to previously be legal for a major Telco. There was a quick change in laws on how the telco reform act - which allowed thousands of ISPs to flourish - was to be implemented. The major telcos all did the whining of "We won't do improvements to speed if we have to share the lines - that taxpayer money funded" The gov returned the monopolies to the telcos, speeds languished, and most small ISPs closed up shop in a heartbeat. When wholesale line costs were more than retail it was impossible to compete. I'm guessing canadian telcos took a page from the US telcos.

Comment BSV is not a normal blockchain, it should go (Score 1) 25

BSV is worth getting removed. The courts rejected the claim that Wright is Satoshi so why would anyone want to support such a dev. (I mean this isn't like US politics, court cases matter to techs). Also BSV has absolutely huge blocks. The entire blockchain is over 9 TB, while Bitcoin is only about 500 GB. No one wants to be a full node for BSV. Also BSV is not a normal blockchain where ownership of a private key gives you permanent ownership of a crypto asset. . BSV wants to implement a way to reassign BSV tokens. Great idea if some day you wanted to sue your way to reclaiming 1 million original Bitcoin of Satoshi. Bad for the entire immutability of blockchain.

Comment Re:We need Fiber-optic Internet to all neighborhoo (Score 1) 131

We have aalready paid for it, search for 400 billion broadband scandal.

Cited examples of all the ways existing past, paid for, contracts for fiber to the home have been broken. There should be hearings on where the 400 billion+ has went and why we need more. Of course there hasn't been, and there won't be. Letters to local reps don't matter when at least my rep is very well funded by large telco.

Comment Re:Paying Off Big Telecom ? (Score 3, Insightful) 131

400 billion worth of already paid for failed fiber to the home is well documented, yet oddly ignored in politics. https://newnetworks.com/bookof...

I agree with the previous poster that this is indeed a payoff to telecom. When big telecom beat back the telco reform act of 1996 under Bush Jr, it was the death of thousands of small ISPs and a reason why the US internet costs are far higher than much of the world (We're 28th). The big guys have never been held accountable to the hundreds of billions already given to them for universal broadband and at this rate never will be. However corporate welfare and constant handing over of money will continue. I would not be surprised if some of the old Ma Bell companies selling off their landlines was because of those broken contracts.

I'm in Michigan and a rural electric co-op was able to put fiber to the home to all their customers through TARP funds. 1 gig speeds to rural farm houses is rather nice yet I don't see how bailing out the banks ended up allowing universal connectivity. As they are handing out even more money at least they should use new players like the electric co-op, not someone who has already failed numerous times.

Comment Re:Bank Insurance for Bitcoin? (Score 2) 51

New York state set some rules for Bitcoin Exchanges that are being used by all the major bitcoin companies. Bitcoin exchanges, which allow people to store bitcoin on their servers, and/or can convert to USD, need all the same information on users that a bank does. They also have reporting to do. A few of the big ones have their own insurance.

Of course a user doesn't need to use an exchange. A user can easily use one of the many wallets that don't have a central company keeping everything for you. You can use bitcoin without any other company involved, no way for a high profile hacking, etc.

A few sloppy companies messed up

Comment Re:No support from developer.... (Score 2) 51

Totally wrong. The original blocks mined by satoshi are still sitting there untouched. It'd be major news if they were moved. This exchange is not one of the big ones. It'd be like some online webstore being hacked and claiming ecommerce is done with. There are arbitration services for bitcoin if both parties want to pay the fee. If you use some of the large pre-made bitcoin shopping cart systems tied to exchanges they also have ways to handle bad business practices. Bitcoin companies have done a lot to make it a viable payment system. Also when banks do fail and/or freeze accounts, like in Cyprus, or Greece, bitcoin works fine.

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