Main > General Discussion
A Libertarian Alternative to Patents and Copyright (DAC)
abit:
--- Quote from: papisi on December 25, 2024, 08:05:44 am ---
--- Quote from: cob on February 06, 2014, 04:12:38 am ---I'm am REALLY interested in the copyright DAC.
The thing is, I don't like the mecanism proposed. "how much would a monopoly on X be worth?" Seems like it's a statist way to think. I believe this question would make no sense in 50 years.
Does anyone have another way to track the value of a new song? How could you bet on it? This is the key!
This is driving me nuts. If we can figure out a simple way for your average joe to bet on a new song going viral, it will change the music industry more than napster did.
Bytemaster was saying there wouldn't need to be an end date to the bet. How exactly would that work?
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It sounds like you're envisioning a revolutionary way to value creative works without traditional frameworks. The challenge lies in creating a decentralized system, like using blockchain for tracking virality metrics. (False patent marking)(URL removed) parallels this—just as it misrepresents innovation, relying on outdated mechanisms to value songs could misrepresent true market dynamics. A betting model might leverage streaming data or social media trends to predict virality, with transparent, open-ended mechanisms rewarding accurate forecasts. Could a tokenized staking system help bridge the gap between creativity and predictive markets?
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Can you please answer me, are you a bot? You're replying to a 10-year old thread.
abit:
--- Quote from: papisi on July 16, 2024, 04:27:22 pm ---Prediction markets need a clear end date and verifiable outcomes, unlike the OP's proposition, which may lead to speculative bubbles in (patent application drafting)(URL remoevd)
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This reply looks like AIGC-enhanced spam. The main content is from another reply in the thread but in different wording, and has an external link which is off topic.
bitsceptic:
The OP is very interesting and I'd like this discussion to gain momentum.
--- Quote from: cob on December 08, 2013, 06:54:35 am ---How would it work in the case of music? How is the "bet" won or lost?
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This question hasn't been answered satisfyingly so far IMO.
--- Quote from: bytemaster on February 07, 2014, 12:45:10 am ---There is no end date because the only way to exit your bet is to sell your position to someone else. Thus the market price is always the rate at which you win or lose based upon your starting market price.
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As I understand prediction markets, there *has* to be an end date. A prediction ends when the event to be predicted takes place. The result should be easily verifiable by anyone after the event. These conditions are not fulfilled by the OP's proposition.
I guess bytemaster's idea will above all lead to speculative bubbles. The nature of such a prediction market reminds me of a pyramid scheme.
Even if it would work out, I fear that the viral nature of this approach rewards mainstream a lot more compared to niches than today's music industry does. The participant has a higher incentive to bet on mainstream than on the long tail (even if the participant is only listening to free jazz himself). The opportunity cost for discovering 'good music' in niches is much higher. I think there should be some kind of reputation system to reward those that pay a constant effort to dig up music that certain groups of people like. Maybe some kind of copy trading could provide those discoverers with a following and help the long tail to pay off.
But still: I doubt the functionality of such a prediction market.
Empirical1:
--- Quote from: liondani on June 07, 2014, 06:23:55 pm ---
--- Quote from: cob on February 06, 2014, 04:12:38 am ---Does anyone have another way to track the value of a new song? How could you bet on it? This is the key!
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buying "shares" of it?
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Edit: I just gave a bad explanation of how prediction markets work and plus I see now the question is like 6 months old...
Probably best to look at all the information on Truthcoin if anyone is interested in prediction markets...
https://bitsharestalk.org/index.php?board=60.0
But basically we should be able to ask almost any question you can think of, and if there is a big enough market, bet on the outcome. The closer you are to being right the more the share price should move in your favour and vice versa.
liondani:
--- Quote from: cob on February 06, 2014, 04:12:38 am ---Does anyone have another way to track the value of a new song? How could you bet on it? This is the key!
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buying "shares" of it?
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