Comment Re: He also forgot to mention... (Score 3, Interesting) 343
The issue is that ISPs are greedy on many, many levels.
The main issue is that ISPs are allowed to oversell their capacity by many, many times, and they hope that nobody notices what they have done. Now that customers are using that capacity, instead of doing the ethical thing and fulfilling the promise they made to consumers, they are trying to find someone else to foot the bill for their sleezy business practices.
I think the best analogy is like fractional reserve banking. Imagine a culture shit where suddenly people stop leaving their money in savings, and instead store lots of money in savings, but then withdraw almost all of it periodically to spend.
Instead of changing their banking policy to remain solvent, the banks begin demanding that the most popular retailers pay them massive fees to accept the money that their customers are paying them, and if they don't, the banks will notify people that it is the stores not accepting their money. And for some reason, people believe them.
Not making a whole lot of fucking sense? Well, neither does the tiered internet thing.
The main issue is that ISPs are allowed to oversell their capacity by many, many times, and they hope that nobody notices what they have done. Now that customers are using that capacity, instead of doing the ethical thing and fulfilling the promise they made to consumers, they are trying to find someone else to foot the bill for their sleezy business practices.
I think the best analogy is like fractional reserve banking. Imagine a culture shit where suddenly people stop leaving their money in savings, and instead store lots of money in savings, but then withdraw almost all of it periodically to spend.
Instead of changing their banking policy to remain solvent, the banks begin demanding that the most popular retailers pay them massive fees to accept the money that their customers are paying them, and if they don't, the banks will notify people that it is the stores not accepting their money. And for some reason, people believe them.
Not making a whole lot of fucking sense? Well, neither does the tiered internet thing.