i came across this piece by Clifford Stoll in NEWSWEEK, feb 1995 issue. Considering it was written in late 90s, the piece is an accurate description of the limitations of the applications of the technology.
Today, even with DSL, WiFi and 3G being common, somethings never change. what was true in 1995 is also true in 2010:
"... What the Internet hucksters won't tell you is tht the Internet is one big ocean of unedited data, without any pretense of completeness. Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data. You don't know what to ignore and what's worth reading ...."
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