Net neutrality is a premise which emphasizes the equal treatment of internet data, and especially pertinent to Wificoin, without the interference of a third party. Extending this principle, the function of Wificoin as a utility, governed by token holders and token holders alone, would be severely limited by the ability of carriers to restrict who has access to the data sharing that Wificoin enables. In the same line, it’s very existence and implementation will greatly aid in promoting the net neutrality agenda currently under threat by the recent FCC decision.
In particular, there are two areas of net neutrality that particularly resonate with Wificoin, those being:
1. The Right to Tether
2. Common Carriers: Treating WiFi as a Utility
1. Right to Tether
Emerging from a settlement between Verizon & the Federal Communications Commission, was the “Right to Tether”, that is, consumers being permitted to share their phone hotspot without the consequence of being charged. To take this to its natural extension, this ruling could also open the way to that data not only being shared but becoming a source of monetization for the consumer, who is already paying for the data as it is and should hence have greater discretion over the right to resell it. This is something Wificoin is extremely well placed to enable.
While traditionally Net Neutrality has never explicitly covered mobile tethering apps, there has been rigorous academic debate as to whether it should, especially now in the wake of the FCC decision. Barbara Van Stenwick of Stanford writes in the absence of net neutrality protections, app-based discrimination would be possible. Shifting the balance of power to consumers by way of token ownership through Wificoin, would present difficulties for ISP’s attempting to restrict methods of data redistribution.
2. Common Carriers
Wificoin is envisioned fundamentally as a vessel for converting the internet into a global public utility. This plays heavily on the legal concept of “Common Carriers”, which in its final state Wificoin could help bring to fruition.
Common Carriers, by the terms very definition, means whatever service falls under it is deemed a utility for the public good, mandated by the government to give the same service to all customers. One manner in which Internet Service Providers (ISP’s) may do so, is through blocking and throttling as a punitive measure. This evidently has an impact on consumers reselling their home WiFi and wanting more accessible outlets to connect, given ISP’s would have more arbitrary powers over how the data, which the consumer has rightfully purchased from them, is divided.
If Net Neutrality rules were protected, it would also facilitate the better management of cable companies as monopolies, diluting concentrated influence. In conjunction with Wificoin’s decentralized nature, this regulatory pairing could be a potent force in restoring good internet governance responsive to individual preferences on a global scale.
3. Our Commitment
Given the natural coupling between the two and the practical sense it makes, Wificoin will continue to support and monitor progress around Net Neutrality. We will also be seeking out ISP partners who share similar values and a pledge to maintaining net neutrality despite the FCC ruling.
To find out more about our commitment to Net Neutrality, and Wificoin generally, please join our Telegram at https://t.me/wific0in.