The Internet is Dead
The Internet is Dead. So says Dallas Mavericks owner and erstwhile internet tycoon Mark Cuban.
We have reached a point of diminishing returns with today’s internet. The speed of broadband to your home won’t increase much more in the next five years than it has in the last five years. That is not enough to work as a platform for new levels of applications that will require much, much higher levels of bandwidth.
I think we may have a slight case of sour grapes here and what Cuban really means is that he has come to the realization that his business efforts surrounding the Internet are dead. Ironcically, later in the article we found out the Internet is about as dead as the telephone:
Answering questions by email from the Cayman Islands, where he was vacationing with his family and recovering from hip-replacement surgery, Cuban also shared his views on Rupert Murdoch’s acquisition of the Wall Street Journal, Yahoo versus Google, day-trading, his personal investment strategy, and why he won’t pull the plug on his much-criticized business journalism operation, Sharesleuth.com, in which he shorts companies that the site plans to trash-hoping to turn a tidy profit on his pre-publication insider knowledge.
Yes Mark, there are other things to do with the Internet than make Billions of dollars on a gimmick. I could have told you five years ago streaming hi def video to the home was not going to be doable any time soon. Not because I am so smart or anything, but because it is just common sense to look at the size of file that contains a full length movie and then look at the pipe available to shove it through and anyone can see that it will take forever.