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Comment Re:Once again showing (Score 1) 103

Silicon valley was a comedy HBO series that ran for a number of years focusing on a tech startup. Anyone who has been through a tech startup and suffering through investors can relate. Sorry, just assumed anyone on /. would know but it did end in 2020 so perhaps a little out of date. https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fyoutu.be%2FBzAdXyPYKQo%3Fs...

Comment Re:WTF (Score 1) 23

This old info from a telco expert shows telcos were or are on the hook for billions. [https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fnewnetworks.com%2Fbookofbrokenpromises.htm]. I'd assume a few sales like this has made any corporate liability for screwing over fiber promises a thing of the past?

Frontier was extra nasty. To get business DSL in a small area they required a 3 year service contract, that auto renewed.

Comment What happened to the 400 million broadband scandal (Score 2) 20

This has been written about multiple times yet I've never seen any comment about government actually looking into it. The claim, with mountains of evidence, that taxpayers have paid 400 million+ to get free fiber to the door. Universal coverage open to any instead of the surviving large ISPs.
https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fnewnetworks.com%2FShortS...

  • By 2006, 86 million households should have already been wired with a fiber (and coax), wire, capable of at least 45 Mbps in both directions, and could handle 500+ channels.
  • Universal Broadband: This wiring was to be done in rich and poor neighborhoods, in rural, urban and suburban areas equally.
  • Open to ALL Competition: These networks were to be open to ALL competitors, not a closed-in network or deployed only where the phone company desired.

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://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fnewnetworks.com%2Fbookof...

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

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