Bitcoin Forum
April 22, 2018, 05:48:48 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How Are Service Providers NOT The Middle-Man?  (Read 1778 times)
Vector
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
June 07, 2011, 04:57:09 AM
 #1

Service providers (Comcast, Verizon, At&T, etc.).

Are they not the new banks? They provide the means for ALL transaction and generation.

If they wanted, they could identify the BitCoin protocol signature (or BotCoin trading websites), and forbid it on their networks. Or even charge for it. They have complete rights over the network. And because of the overhead of their immense infrastructure, a new company can't just pop in and offer an alternative.
1524376128
Hero Member
*
Offline Offline

Posts: 1524376128

View Profile Personal Message (Offline)

Ignore
1524376128
Reply with quote  #2

1524376128
Report to moderator
1524376128
Hero Member
*
Offline Offline

Posts: 1524376128

View Profile Personal Message (Offline)

Ignore
1524376128
Reply with quote  #2

1524376128
Report to moderator
1524376128
Hero Member
*
Offline Offline

Posts: 1524376128

View Profile Personal Message (Offline)

Ignore
1524376128
Reply with quote  #2

1524376128
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524376128
Hero Member
*
Offline Offline

Posts: 1524376128

View Profile Personal Message (Offline)

Ignore
1524376128
Reply with quote  #2

1524376128
Report to moderator
1524376128
Hero Member
*
Offline Offline

Posts: 1524376128

View Profile Personal Message (Offline)

Ignore
1524376128
Reply with quote  #2

1524376128
Report to moderator
1524376128
Hero Member
*
Offline Offline

Posts: 1524376128

View Profile Personal Message (Offline)

Ignore
1524376128
Reply with quote  #2

1524376128
Report to moderator
benjamindees
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


View Profile
June 07, 2011, 05:07:56 AM
 #2

Utilities that string wires all over the place on land they don't own, tend to have a somewhat precarious position with respect to extracting large rents for the use of said wires.

Civil Liberty Through Complex Mathematics
FooDSt4mP
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
June 07, 2011, 05:26:33 AM
 #3

There's a fiber optic line running through my parent's back yard, but they can only get dialup and satellite.  I guess that's what Governor Manchin meant when he said he wanted broadband run to every property by the end of 2010.

As we slide down the banister of life, this is just another splinter in our ass.
Stardust
Full Member
***
Offline Offline

Activity: 190
Merit: 100


View Profile
June 07, 2011, 07:42:11 AM
 #4

If the providers turn against Bitcoin we can always use Tor/I2P, or even create our own P2P internet (free & independent).
gigitrix
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


Bitcoins finest!!!


View Profile
June 07, 2011, 11:41:39 AM
 #5

Electricity suppliers are also middle men. Do you think your government is going to cut the power?
Vector
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
June 07, 2011, 01:17:06 PM
 #6

We are paying a monthly fee to a large corporation, in order to gain internet access, in order to generate and exchange Bitcoins.

How is this considered decentralized?
rezin777
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
June 07, 2011, 02:19:17 PM
 #7

We are paying a monthly fee to a large corporation, in order to gain internet access, in order to generate and exchange Bitcoins.

How is this considered decentralized?

Tell me which single point you can remove to bring the entire thing to a halt.
DeiBellum
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
June 07, 2011, 03:16:40 PM
 #8

There's a fiber optic line running through my parent's back yard, but they can only get dialup and satellite.  I guess that's what Governor Manchin meant when he said he wanted broadband run to every property by the end of 2010.

You should convince your parents to do some "landscaping" and when the people come out to hook everything back up convince them to run a fork to the house and to get service.

If you like what I have posted please donate Smiley
1J5cNFGrTZPAWXhGDDkESWRQwtR5k5KbLw
evoorhees
Legendary
*
Offline Offline

Activity: 994
Merit: 1000


Democracy is the original 51% attack


View Profile
June 07, 2011, 06:59:34 PM
 #9

We are paying a monthly fee to a large corporation, in order to gain internet access, in order to generate and exchange Bitcoins.

How is this considered decentralized?

It's decentralized because everyone is paying to different companies, in different nations, and with different goals, associations, and objectives. A centralized system is something like PayPal - if that company were shut down, PayPal is dead. Tell me which company, organization, person, or even nation could be shut down to stop Bitcoin?  I suppose it's susceptible to a nuclear holocaust, but if that happens we have more important things with which to concern ourselves. Like the zombies, etc.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!