You don't need Intellectual Property to sell information for a fair price

[tallswede80]

hahaha. nice lawyer picture. Fuck lawyers.

[greenhell666]

True, when the price is just, there's fair trade, IP is not needed..

One example in DRM is what Steam is doing with the Gamming Industry.

[JacobSpinney]

This really is a wonderful idea and I applaud you for it. But I would like to present one problem I see.

I create illusions for magicians for a living. If I don't advertise the effect of my illusion, no one will want to buy it. But if I do advertise the effect of my illusion, then I run the risk of a clever magician figuring out the secret on their own and then the illusion becoming public knowledge without me ever making any money from it.

[pilatech]

@JacobSpinney This doesn't seem to be a problem to me.

For starters yes, you run the risk of of a clever magician figuring out the trick that makes such illusions possible. I just fail to see how this is a problem, as I see it coming up with magic tricks simply isn't a livelihood in the same way as say growing wheat and corn. The problem in my view is that we've created financial arrangements so unevenly distributed as to create the expectation of deriving a livelihood from something so trvial

[yanorei]

It is an interesting idea but I wonder how this could work for the smaller indie bands with fledgling fan bases. I do not think there would be enough trust for them to make much money as an aggregator. so what then? also the marketing of the first few bands that make this happen will have to be very careful as to not piss a bunch of people off for having the audacity to demand money up front instead of just releasing the album normally. How would a band market such a new and daring method?

[miketbeast]

The key would be to sell to the first consumers at a higher price until a specified date. They will pay a premium to get the music first. After that, the price can be dropped by say a quarter. Now there is enough data to determine the demand for the next price drop. It will eventually become free (or close to it) as demand diminishes and the recording is no longer current.

The first has a more inelastic demand curve. The second has a more elastic curve, and eventually the demand curve is flat.

[FeelFreeToArgue]

Fascinating idea. The only difficulty I see is in correctly assessing the public's demand, which I initially view as being a very thorny subject. What you don't want to have happen, because it represents a break of faith of sorts w/ the people who have already paid, is to not make the desired threshold. This would leave the people who have already paid feeling cheated, and this happening frequently would cause people to rapidly lose faith in the system.

[funkalunatic]

When everybody pitches in to buy something, they usually expect to be refunded if not enough people pitch in.

Ideally, you could implement a system where the people would be refunded if the price were not met by a certain time, or if the information were already created, just wait until the money eventually trickled in. There could be accrual of interest even as an incentive to donate. It's important to lay out the rules and develop a trust relationship, as it is with business in general.

[zeitgeisthero]

thanx for the video !

information is power