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RE: Who Really Controls Bitcoin?
This brings up something that I've been wondering about regarding the decentralization of currency in the form of Steem.
For all of the cryptocurrencies being traded digitally, doesn't the internet provider or cell phone provider essentially take the role of that "middle man" that decentralization is trying so hard to eliminate? Is there any way around this, i.e. a way to decentralize access to the internet?
Thanks for thoughts, just a noob here trying to make sense of it all.
What about personal devices that are hotspots that basically amplify a wifi connection? So you wouldn't be able to use it in parts of Alaska at first, but eventually it would have mass adoption.
But who provides the signal for the personal device?
Need to deregulate like the telephony industry in 80's, then allow consortiums to lease the lines that have been laid down. But, yes, someone could just turn it all off because it's decentralized. Would we then have to look into creating an entirely new internet?
At the end Yes. That's why we are pushing our R&D in IPFS and mesh net to become free of HTTP, SSL and DNS. check out our channel at @bitshares-munich