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]
Help Save P2P!
The United States Supreme Court is currently considering the legality of peer-to-peer file sharing programs in a case called MGM v. Grokster. Rumor has it that the Justices have set up a computer, in the court, with Grokster on it. If you have legal P2P files to share, blogger Death in the Afternoon
suggests that you move them to Grokster immediately, as this might help convince the Justices that P2P is good for more than just illegal filesharing. (If you doubt that, think Diebold
). If you don't have any legal files, you can get some here
. (More inside).
Did you hear Michael Greene's speech at the Grammys?
At first it seemed like it was going to be just yet another recording industry weasel with an obligatory goatee congratulating himself on stage. But it quickly turned into a lesson on the harms of the illegal Internet downloads. "This illegal file-sharing and ripping of music files is pervasive, out of control and oh so criminal. Many of the nominees here tonight, especially the new, less-established artists, are in immediate danger of being marginalized out of our business. Ripping is stealing their livelihood one digital file at a time, leaving their musical dreams haplessly snared in this World Wide Web of theft and indifference," says Greene. Was this appeal-cum-address effective or appropriate? Were you more sympathetic to the RIAA or artists afterwards?
A really cool idea.
This is how new technology is born