We can expect costly court challenges, complicated enforcement, and the risks that come with entrusting a large government bureaucracy to manage a technological problem. More competition would be a better solution—and that's where Bitcoin could help.

As Marc Andreessen recently told The Washington Post, "The ultimate answer would be if you had three or four or five broadband providers to every house." In such a world, Andreessen explained, "net neutrality is a much less central issue, because if you've got competition, if one of your providers started to screw with you, you'd just switch to another one of your providers."

But how do you get more last-mile competitors?