What we have, what we need
23 December 2017
Stuff the Internet needs: home fiber connections, symmetrical, flat rate, on neutral terms.
Stuff the Internet is going nuts over: cryptocurrencies.
Big problem with building fiber to the home: capital.
Big problem with cryptocurrencies: stability.
Two problems, one solution? Hard to make any kind of currency useful without something stable, with evidence-based value, to tie its value to. Fiat currencies are tied to something of value? Yes, people have to pay taxes in them. Hard to raise capital for "dumb pipe" Internet service because it's just worth about the same thing, month after month. So what if we could combine the hotness and capital-attractiveness of cryptocurrencies with the stability and actual usefulness of fiber?