Myths about Internet growth
An anonymous reader writes "An article in The Economist outlines WorldCom's role in starting the myth that Internet traffic doubles every 100 days. This helped inflate the telecoms bubble."
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Are people being stupid, or simply letting themselves get caught up in the excitement?
I find it really strange how otherwise serious and well-educated people very often go along with these "X doubles every Y days" stories. Everybody who is familiar with even basic math should know that this kind of growth can only last for for a very short time, otherwise we would all be impersonating Elvis by now.
Now Worldcom probably tweaked the facts but if some people really believe in this kind of exponential growth then I hardly have any compassion for them, and blaming Worldcom or someone else for your own stupidity is just silly.
When men used to be men
This should have meant high bandwidth and low prices, but as suppliers like Worldcom had to borrow heavily for their infrastructure costs, they were stuck with high prices. Something similar happened with Deutsche Telekom in Germany. They built a fibre network through the former DDR but borrowed heavily to finance it. The things is that nobody was going to pay for that capacity at a premium price. Telekom didn't mess around with their predictions in the way that Worldcom did, but they also came unstuck.
The problem comes down to the revenue models and the telecom analysts in the banks. If I have a bank of 64K connections and I upgrade them to 1024K, I can't simply charge 16 times the price. A few customers can afford this (think banks), but many others can not.
Capacity including dark fibre definitely was doubling every 100 days but usage wasn't and certainly not revenue.
See my journal, I write things there
Usage tends to grow by leaps and bounds every time someone comes up with a new file sharing protocol.
Maybe that statement was from the good ol' days of Napster.
This perversion of Moore's Law was a fault (in part by the telecom industry for believing the hype that the rest of the money grubbing industries where touting. Movies over the Net. Everyone telecommuting. Attend college classes from home. More retail content than you can choke on. Plus a bevy of other "wouldn't it be cool" party line hype that drove the bubble. Me? I blame it on the GUI and Mouse. If it wasn't for those things, the Net would still be a usefull place (tool, etc).
Light travels faster than sound. This is why some people appear to be bright. Until you hear them speak.
We've all heard talk of over-built data networks and "dark fiber". What interests me is how this apparent over-capacity does not seem to match up the price of bandwidth and the apparent bandwidth management of consumer-level heavy users.
Is there a mismatch? Do we actually have a demand that's being held in check by an inappropriate pricing schedule (perhapse even businesses with a lack of vision)? Or does potential capacity fail to overcome the cost of "lighting up" and maintaining these over-built networks?
Nope, it doesn't double every 100 days, but the number of my posts to /. do.
Now if only the size of my Beowulf cluster would double every 100 days...
Hey, wait a sec... if the internet WERE doubling every 100 days, then wouldn't that mean that they would have to make double the servers every 100 days?....
Tibbon
tibbon.com
Meanwhile, MCI/Worldcom/UUNET was dubbed "Whipping Boy of the Hour" by 17 leading pseudo-news organizations around the world.
Why is it that we pretend that such over-zealous predictions are unique?
Worldcom is in trouble so attacking them is easy: they have bigger fish to fry. If you go after Sprint this way, those bastards might sue you!
The ISP's thought they could recover the losses on delivering bandwidth with the upcoming content buisiness. What they failed to see whas that no one would be buying content until the bandwidth was enough to support content like video and such at an acceptable quality. 512 kbit/s isnt near enough for semi quality video (no glitches and acceptable resolution). Bandwidth demand wont rise much until there is content that demands it and vice versa. If i do the things i do today i really dont need more bandwidth. I surf and d/l and chat. If i dont take pirating movies into the account there are few occasions where i really would benifit from having more bandwidth. A faster ping might help me when i run around fragging in fraggelonia but all the bandwidth in the world wont matter a bit. If movie companies start renting out movies on the net and does it broadly it would create a big demand for bandwidth but it has to happen at the same time and not one a while after the other. Worldcom and other ISP's have been waiting on the content companies and vice versa.
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