A stellar Bitcoin idea in need of C-Notes.


Internet access is either censored, unreliable, too expensive or simply doesn’t exist for more than half of the world’s population to use Bitcoin. Blockstream is pitching its new service, which will broadcast the Bitcoin blockchain globally through a network of geosynchronous satellites it rents from Eutelsat, Telstar and others, as a way to tap into that large market. But there’s one irksome catch in the company’s plan to build a big business out of this previously attempted idea: the $100 cost for the antenna and USB receiver equipment needed to receive signals from the 22,000+ mile high satellites. Will those too poor or suppressed to tap into the internet now be able to access this satellite-driven alternative?