Congress takes a casual look at the peer-to-peer economy - “Finding new ways to monetise used or existing assets has the obvious and immediate effects of raising their value and the wealth of their owners, while simultaneously reducing the value of comparable stuff owned by incumbent companies — for whom monetisation already wasn’t a problem, and who find themselves burdened by the newly competitive environment. The innovations also provide a surplus to those consumers who previously would have paid more to an incumbent. And all without any new stuff actually having to be made.” [more inside]
Earlier this month, thirteen record labels tried to claim that Limewire was liable for between $400 Billion and $75 Trillion in damages. (For some perspective, the world's GDP in 2011 is expected to be a mere ~$65 billion.) Judge Kimba Wood called the assertion 'absurd' in a 14 page opinion. (pdf) [more inside]
WinMX is back (kind of). It was such an unbelievably awesome file sharing program that its makers had to pull their peer caches after being served a cease and desist order in September 2005. Now it has been reincarnated as MXpie. Even better . . . it's not spyware or adware.
What is being shared on Napster and company? Let's just say p2p isn't helping to promote your garage band like some would claim.