Funny how everyone seems to think hanging a ribbon from a satellite is a static condition. No one appears to take into account aerodynamic and meteoroligical effects on the hanging ribbon. You know, little things like the jet stream? You've got variable forces acting on the ribbon, which will have an ongoing, gradual influence on the orbiting platform, which will have to be countered over the long run.
Carbon anotubes? Sounds to me like they would be electrically conductive to some degree. Anyone considered the possibility of lightning strikes on your ribbon? Even if it turned out that carbon nanotubes are a poor conductor, at the level of the potentials involved, even a poor conductor becomes a significant risk. I wonder what the potential difference would be from one end of the ribbon to the other? Especially when you go from a moist air atmosphere to a nice, insulating vacuum or fairly thin gasses being bombarded with various forms of radiation and becoming ionized. If nothing else, it would be interesting to see what happens when you run a conductive line from ground to space. You might get some neat auroral effects.
I think conditions on the orbiting end would be hell. Imagine being jerked around as different forces played with the ribbon. You might find your head banging the ceiling as the jet stream made a slight meander that crossed the ribbon. Think "marble in a bucket." Oh, sure, you could build in some sort of propulsion system to stabilize the platform, but we're talking a lot of force that would be needed to counteract the twangings of a 19-ton ribbon. How much reactive mass would have to be expended, and what would it do to the system's so-called economy if you had to keep sending up replacement fuel to replenish what you've used?
Nice idea, though I suspect reality has a few bites for this scheme.
Regards;
Beanbag