Hackers plan to make a NEW INTERNET

24 January 2014

While other people harbour ambitions to get a promotion or scale the Himalayas, the hopes and dreams of hackers are a little weirder. A group of developers calling themselves the British Broadcasting Co (think that name’s already been taken, loves) are busy trying to realise their goal – to replace the internet with Bitcoin-style technology.


Before you say ‘well of course you can’t replace the internet - it’s the INTERNET!’ consider their plan. They want to ‘decentralise’ the internet, by creating Bitcloud. Bitcloud will use the same technology used to mine bitcoins to provide services that are at the moment controlled by well known Internet Service providers. Having usurped the original service providers, individuals would then be able to charge money for providing data storage, routing and bandwidth – which would be paid for using Cloudcoins - thus creating a new internet.

The BBC (no, that’s never going to be not confusing) ‘explained’ saying:

‘Just as Bitcoin miners provide computing power and are rewarded for solving complex mathematical equations with the virtual currency, so individual net users would be rewarded based on how much bandwidth they contribute to the Bitcloud network.’

So basically this would be a DIY internet, involving lots of people working together to create a more hands-on and network, all powered by virtual currency. Maybe?

However, the BBC say that the project is complex and have called for talented programmers to step forward to help them realize their dream.

Ooh, I’ve got a headache. I wish it was 1953 again.

TOPICS:   Technology   Banking

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