Federal Communications Commission head Ajit Pai has managed to deal a major blow to free and neutral Internet usage by repealing the so-called Net Neutrality laws.this allows broadband companies the power to potentially reshape Americans’ online experiences.
For Bitcoin, this could have huge implications as the digital currency operates totally online and within the sights of these companies.
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.”
According to Cornell University computer science professor Emin Gün Sirer,"even if popular sites like Coinbase can pony up and pay a service provider for faster traffic in the name of good business, individual uses of Cryptocurrencies could still suffer."
“My worry is it will affect the ability to run your own node.”
A ‘node’ is one of many computers that communicate with each other to run the decentralized network of a cryptocurrency. Throttling nodes would require a service provider to manage traffic at the IP level, and not simply look for a particular protocol.
Above Image depicts the whole story!
source: https://cointelegraph.com/news/hit-on-net-neutrality-could-be-blow-to-bitcoin
https://cointelegraph.com/news/youve-been-lied-to-about-net-neutrality-op-ed