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No, the equivalent is why build an 8 lane freeway in every local street just on the off-chance that 4 cars want to drive the same way simultaneously and side-by-side.Why have 4 lane motorways at 100 Kph, when we could perfectly drive in 1 lane at 10 Kph. That's pretty much the gist of your argument...
Btw, the cost of the technology to convert fibre to copper at each address is probably not that much cheaper than actually take the fibre directly to the premises.