From Cointelegraph
FCC head Ajit Pai has managed to deal a major blow to free and neutral Internet usage by repealing the so-called Net Neutrality laws. Effectively, this allows broadband companies the power to potentially reshape Americans’ online experiences.Read more: https://cointelegraph.com/news/hit-on-net-neutrality-could-be-blow-to-bitcoinEffectively, the likes of AT&T and Comcast now have the ability to block certain websites to their customers or even charge more for usage of them. Now, the broadband providers can influence what sites of the Internet are used.
For Bitcoin, this could have huge implications as the digital currency operates totally online and within the sights of these companies. Bitcoin and its related sectors have also been eyed suspiciously by traditional monopolies, and their stance in the eyes of these broadband providers is yet to be known.
Choosing a preferred exchange
For the everyday Bitcoin user, in the US for this instance, there is a pretty familiar pattern.The man on the street logs on to Coinbase buys his Ethereum, Bitcoin or Litecoin and operates from there. The exchange is the on-ramp and the exchange is also an easy target without Net Neutrality laws.
Marvin Ammori, lawyer for the advocacy group Fight for the Future told Motherboard:
“The average person goes to Coinbase to buy Bitcoin, Ethereum or Litecoin—the average on-ramp is an exchange, and those are easy to block. If Comcast is the monopoly provider in an area, the provider could decide there’s a preferred Bitcoin exchange.”
Those in crypto that think net neutrality was not warranted will be crying murder when they start to throttle certain blockchains.
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