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RE: Forget Internet Service Providers, Bitcoin Is Now Broadcasting From Its Own Satellite
I saw this earlier and didn't know what to make out of it. So, you pay a $100 one time fee for equipment needed in order to connect to the satellite system for transactions. But, you can only receive from the satellite system, you need some SMS cellular capability to send. And, you have to visit GitHub in order to learn how to get started.
I'm not sure who their customer base is. Some tech savvy guy in a boat with a satellite phone?
That's irrelevant at the moment. Even if they hire the first 100 users, and they will actually be Blockstream employees, the fact that Bitcoin can't be blocked anymore by Internet Service Providers is revolutionary. IMHO.
Interesting, but might it face the same threats as Elon Musk's Internet Satelite Plan? That is military knocking out the satellites.
We can also fear a rogue asteroid, if we're going in that direction... It's a long shot, in my opinion.
That's true, but it still won't survive a Class-X Solar Flare. ;)