From a BBC News story "Does online video threaten the net?" we get the word 'exaflood'. It is derived from the word 'exabyte' which is a huge amount of data. It's estimated that in 5 exabytes you could list all the worlds ever spoken by human beings. By 2011 more than 12 exabytes will be crossing the net every month. 30% of the traffic will be video, and another 43% will be people swapping video and other files via peer-to-peer networking.
However representatives of the ISPs interviewed didn't seem overly bothered by this, and the general message coming out of the report was 'don't panic!' Not that I was, but - y'know, it's better to be safe than sorry.
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