Blockstream Satellite 2.0

blockstream.com

10 pointsnnx3 comments

What's the purpose of this and why do I need it? More importantly, how does the company behind this make money?

From the product overview page (https://blockstream.com/satellite/):

"The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing anyone in the world with the opportunity to use Bitcoin."

Jesus...

Yes, I can see that in the product page but I'm still confused. You can get a decent internet connection just about anywhere in the world, I don't see why anyone would need these besides edge cases like maybe a person living in Antartica.

Besides, Bitcoin is not used much anywhere besides for a few fanatics and perhaps gamblers on those casinos like Bitmex. (Bitcoin's volatility is too high to be used in any serious commerce).

The main takeaway is that the market for this product is very small, even though technically the project is quite cool. Perhaps the ulterior motive of this project is to be the "fairy floss" to score some karma points with?

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