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>Cable is being challenged. cable tv is being replaced by internet service through the same provider, with the fiber optic deployments being limited by legisla

by thatcat 11y ago

>Cable is being challenged. cable tv is being replaced by internet service through the same provider, with the fiber optic deployments being limited by legislation lobbied for by the original cable tv providers. >The monetary system is being challenged. Total BTC is about 4 billion usd, much smaller than most nations currency circulation.

mhluongo 11y ago
Nitpick- BTC's market cap is ~$6.4B right now.
vonklaus 11y ago
i would have to disagree. SpaceX and OneWeb are making strides to do LEO satellite internet[0] and the successful recapture of the F9 rocket means that launch costs are going down. Couple that with the commoditization of cellphone hardware and there will be many distributed systems in space by 2020. Google has bid on spectrum bandwith, don't have time to cite but Chris Sacca mentions it in basically every interview, just to keep Telecom players in check. They are an ISP now and have other holdings in the space. Facebook is trying to bring internet to india. People are building their own networks. NYC announced it would put wifi in where phonebooths once stood. > BTC marketcap is 4B It has a cap of ~6.5[1] according to coinmarket. Obviously not a lot however the upside potential is large and there are many uses for the technology. Ethereum and Stellar are pretty awesome and Patrick Collison helming stripe might be keen to expand their BTC. So if stripe increases the infrastructure and people become more receptive it will become larger. I am not saying that it will replace u.s currency next year but obviously paper money isn't the currency of the future and clearly there needs to be oversite on how money is created. So something like BTC will obv win long term. [0]http://www.wired.com/2015/06/elon-musk-space-x-satellite-internet/ http://www.wired.com/2015/06/elon-musk-space-x-satellite-int... http://coinmarketcap.com http://coinmarketcap.com

by thatcat 11y ago

mhluongo 11y ago

Nitpick- BTC's market cap is ~$6.4B right now.

vonklaus 11y ago

i would have to disagree. SpaceX and OneWeb are making strides to do LEO satellite internet[0] and the successful recapture of the F9 rocket means that launch costs are going down. Couple that with the commoditization of cellphone hardware and there will be many distributed systems in space by 2020. Google has bid on spectrum bandwith, don't have time to cite but Chris Sacca mentions it in basically every interview, just to keep Telecom players in check. They are an ISP now and have other holdings in the space. Facebook is trying to bring internet to india. People are building their own networks. NYC announced it would put wifi in where phonebooths once stood. > BTC marketcap is 4B It has a cap of ~6.5[1] according to coinmarket. Obviously not a lot however the upside potential is large and there are many uses for the technology. Ethereum and Stellar are pretty awesome and Patrick Collison helming stripe might be keen to expand their BTC. So if stripe increases the infrastructure and people become more receptive it will become larger. I am not saying that it will replace u.s currency next year but obviously paper money isn't the currency of the future and clearly there needs to be oversite on how money is created. So something like BTC will obv win long term. [0]http://www.wired.com/2015/06/elon-musk-space-x-satellite-internet/ http://www.wired.com/2015/06/elon-musk-space-x-satellite-int... http://coinmarketcap.com http://coinmarketcap.com