Re: [ANN] bHotspot: A decentralized WiFi Hotspot System [BHT]
This is one of the most ridiculous ideas I have ever heard of, especially with hosting an ICO for it.
In my country Shopping Centers give you free HotSpot Wi-fi, Telephone Boxes, even the local parks, so what makes paying for your service much better than what we already have when you want to grab the attention of investors, develop something that already exists which is free to the public & then charge for it ?
Go back to the drawing board
In my country Shopping Centers give you free HotSpot Wi-fi, Telephone Boxes, even the local parks, so what makes paying for your service much better than what we already have when you want to grab the attention of investors, develop something that already exists which is free to the public & then charge for it ?
Go back to the drawing board
Playing devil's advocate here:
Why use cryptocurrencies if a bank can offer the same kind of service, is already well established and you already have an account with them anyway?
Because it's decentralized, because it provides with a higher degree of control, etc, etc...
Why this project?
To provide a peer to peer system, removing the need for a central gateway/point of control that is even out of the provider's control most of the time (3rd party managing the hotspot -with another 3rd party managing the payments when not free-).
Transactions directly between users and providers, no % taken by managing company, payment providers...
If you have a connection at your home, or work place, and are not using it 100% (whether it's time or capacity), wouldn't you like getting rewarded for sharing it when you want to, at virtually no cost for you, except the time spent configuring it?
While some places offer hotspots at no cost (well, really, they hope to drive customers in the door), most locations are not covered, most are not of good quality; some places even have poor quality and paid...
Now, if you have a city with a couple million of hotspots, all providing the service, it drives the providers to increase quality, so they can increase price, and as a result users enjoy higher quality of service, better coverage, and can choose to pay more to get more if they wish to do so (by picking higher cost/higher bandwidth hotspots).
Another scenario is third world countries, where broadband service is often expensive.
Now, what if someone in the neighborhood gets it, and provide the service to their neighbors? Instead of "hoping" their neighbors will pay them at the end of the month with what has been verbally agreed to, they are guaranteed to be paid on usage.
And can even get an extra bonus here and there if a tourist passing by wants to check his email without paying crazy mobile data roaming fees.
What about the hospitality industry? Expected bandwidth by guests is increasingly higher, amounting to very high cost for owners.
But what if tomorrow, they could offer a 50Mbps (or higher) service in each room for a nominal fee for the guests?
You can still connect to the 5Mbps for free, but having the higher bandwidth option for those who wants it is an option they couldn't afford to have before.