I fear that I'm about to be nerd sniped because I really want to try to make this work as a "proper" 10G signal. I feel that if you over sample the SPDIF signa

I fear that I'm about to be nerd sniped because I really want to try to make this work as a "proper" 10G signal. I feel that if you over sample the SPDIF signal and line code it to not have a DC bias, and do the opposite on the receive end, it would work. That is maybe too much transformation to be interesting, however. So I wonder what happens if you sample the signal at the 10G ethernet sample rate like a 1 bit ADC does, transmit that, and smooth the too-high-frequency result with a capacitor? I am very worried that I may end up trying this ;)