Verizon: We Don't Think You Need 1Gbps

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This guy seems to think that there is no real need for 1Gbps service in the home. :rolleyes:

Speaking at the Wells Fargo 2014 Tech, Media & Telecom Conference, Fran Shammo, EVP and CFO of Verizon, said that the company has put in the network infrastructure to support 1 Gbps, but he does not see a market for it today. "We're now offering 500 Mbps in the home and you could take it to a Gig even though there's no application today that would ever need a Gig in the home," Shammo said.
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there is truth to this. I mean, on a residential scale, I suspect that most people odn't even need 500mbps or even 100mbps.

Small businesses, unless their business is something that is web based, probably don't need it.

big business might need it.
 
We need faster internet so we can stream higher definition videos so we can see more detailed shots of genitalia. Multiple monitors? Multiple genitalia. 4K res? 4K genitalia.
 
I wish I could even get 500GB :p
That said, he's probably right...but only with his caveat of "right now." Things can change really quickly.
 
Track your bandwidth usage. I rarely peak 30 Mbps per month.

However, you're looking to stream 4k uncompressed TV from a provider or some kind of technology enthusiast... then yes, I would consider speeds greater than 100 Mbps.

However, a very large majority of the people are ignorant of internet speeds and wouldn't consume maybe 10% of a 1 Gbps pipe.
 
Yea, I can't say I disagree with him. For now.

There just aren't many/any services out there that have that kind of upstream bandwidth available for you to take advantage of. And the sheer number of lesser services you'd have to be using simultaneously to take advantage of it is prohibitive at best, likely impossible at worst.

That said, with the eventual advent of 4k streaming, we certainly need more than the ~20mbps we average around here (in terms of what's available).
 
He is right, however that's a stupid thing to say to the public who has google tell them that they need 1gbps speeds.
 
Those using cloud services for things like backing up their data absolutely can use - and I would argue NEED - 1Gbps service.
 
The question isn't whether it's a myopic claim, but only how long it will take to expose it as such. Sorry to see Verizon with a CEO who is apparently much busier looking backward than forward. Comast have the same problem.
 
so they should just put everyone at 1gbit and they won't even use it right?
 
We'll find a way to use it up. No one offers services that could use such high bandwidth because so few people have such high bandwidth. I'd love to get a large group of friends over and game together on such high speeds. But at a price point more than 4 times higher than Google's Gigabit service, there's a reason why so few consumers are jumping on board with Verizon's 500 Mb plan.
 
dandragonrage said:
Those using cloud services for things like backing up their data absolutely can use - and I would argue NEED - 1Gbps service.
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Okay, no they do not. Backing up your data takes forever the first time. After that you back up the changes. Why on earth would you need to back up your steam games, or your itunes movies collection? It might take you 2 days to back up everything on a 3mbps up line. But guess what, you don't have to do that every day.
 
m heisty said:
Okay, no they do not. Backing up your data takes forever the first time. After that you back up the changes. Why on earth would you need to back up your steam games, or your itunes movies collection? It might take you 2 days to back up everything on a 3mbps up line. But guess what, you don't have to do that every day.
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I couldn't care less how you think I should back up.
 
This reminds me of the famous legend about Bill Gates 640k RAM quote. I know Bill Gates probably never said that, but at that time I'm sure some people would have agreed to such quote.

This kind of prediction should never be made, because no one can accurately predict how things will be 10 years from now. I can imagine say if you have several people in one home each streaming their own 4k content simultaneously, that could be pretty taxing on the bandwidth. And who knows what else there will be in the future, cloud storage, cloud computing, etc.
 
Also, bandwidth isn't the answer. I'm not saying the speeds we get now aren't shit. But bandwidth isn't the answer. We need better compression technology. The rate at which the amount of data grows will forever outstrip the new supply that can be brought online. We need new transport compression technology that will allow us to send 50 to 100x the amount of data we do currently using the same infrastructure capacity.
 
"We're now offering 500 Mbps in the home and you could take it to a Gig even though there's no application today that we wouldn't throttle in the home,"
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Fixed.
 
My ISP doubled my speed from 30 -> 60 for free a few months back. Now I wish they offered a 30/5 package for $30. I don't *need* even as much as I have, and I'd consider myself a heavy user.
 
PornoSatan said:
We need faster internet so we can stream higher definition videos so we can see more detailed shots of genitalia. Multiple monitors? Multiple genitalia. 4K res? 4K genitalia.
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Lol, thanks for the laugh.
 
We don't need it yet but a lot of people want it, but not at the prices Verizon would give it for. Even though I love the FiOS service, I HATE Verizon. I don't see Verizon giving reasonably priced 1 gbps service unless Google came locally to offer it at $70/month. I would happily drop Verizon and pay up to a $1000 initial setup connection fee + $70/month for 1 gbps unlimited service to my home that is NOT from Verizon.
 
Why is it that every time a Verizon Suit opens their mouth, they sound like a horses ass and simply verify they are out of touch with, and don't give a shits giggle about their customers ?
 
LurkerLito said:
We don't need it yet but a lot of people want it, but not at the prices Verizon would give it for. Even though I love the FiOS service, I HATE Verizon. I don't see Verizon giving reasonably priced 1 gbps service unless Google came locally to offer it at $70/month. I would happily drop Verizon and pay up to a $1000 initial setup connection fee + $70/month for 1 gbps unlimited service to my home that is NOT from Verizon.
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Same here. It's a strange relationship. I fucking HATE verizon, but I have 85/85 FIOS, full HD TV and Phone with them.

All because Cox held me to full price with no discounts period after nearly 20 years as a customer.
 
I have 150/150 Verizon FiOS, and just can't justify the cost increase of 500/500 (even though I'd absolutely love it). Verizon has already raised my 150/150 cost 3 times since I signed up sadly :( It just keeps going up... I would also gladly pay roughly HALF the cost to Google for 8 times the speed Verizon is currently offering, what idiot wouldn't? But as long as Verizon owns the lines and there's no real fiber competition, us consumers will continue to foot ever increasing costs. :-/
 
Meanwhile, at my country estate, we're stuck with Verizon low-speed 1.5Mbps DSL. There's 25+ homes in the $250k+ range here in a 1/50th of a square mile neighborhood which are mostly filled with working professionals who are ready and willing to pay for faster service. And there's a big green box sticking out of the ground at the entrance to the neighborhood with a giant "Verizon FIOS" logo on it. We've been here 6 years, the box has been there 6 years, FIOS has been here never.
 
Bad business is bad business, if people are willing to pay and there is profit to be had then why not sell it? I don't NEED my motorcycle, but I have one because I WANT it.
 
It's a chicken and egg scenario. We don't need 1 Gbps rates because there's very little content/services that would take advantage of it. There's very little content/services that take advantage of it because we don't have 1 Gbps rates.

FLECOM said:
so they should just put everyone at 1gbit and they won't even use it right?
Click to expand...

This right here.
 
If you build it, they will come.

There is no such thing as too fast of internet. What will happen is that people will give up paying for TV service and the like, and use online services exclusively, and BluRay will finally die as a medium since you can stream BluRay quality with a fast enough connection.

And just imagine when 4K 3D comes mainstream, you will need all the internetz you can get.
 
What we need is low latency, no caps, and reasonable speed. 50Mb/50Mb is more than sufficient, if you combined it with low latency. Even the 30/30 fiber at work provided by Comcast blows away my home 100/25 connection when it comes to reliability, stability and latency.
 
Residential? They are right.... I would dare say "most" people don't need anything more than 100mbps.
 
First of all, I would say that before things get crazy with bandwidth, issues with caps need to be settled.

I would rather have an uncapped 15Mbps connection than a Gigabit connection with a monthly cap.

I do agree that the idea of Gigabit internet seems somewhat overambitious and it really makes me wonder how well it works in practice. Most people can't max out a gigabit connection even when just copying files over their Gigabit Ethernet connection to another computer in the same room. How are those same people going to take advantage of gigabit internet? How close to gigabit speeds are people even going to get in practice?

And it's somewhat obvious, but we REALLY need 10Gbps Ethernet to become mainstream. It's kinda nuts when you consider that consumers have not had a relevant increase in Ethernet data speeds in over a decade. The transition from 10 to 100 to 1000 happened much more quickly. It just seems wrong for an internet connection to be the same speed as the LAN.
 
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