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A Libertarian Alternative to Patents and Copyright (DAC)

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bytemaster:

--- Quote from: cob on December 09, 2013, 04:27:26 am ---Hmmmm i don't know.
How is one to value that? It couldn't be checked/compared with a parallel universe where a copyright IS enforced.
What about 30 years down the road, where the concept on patents and copyrightsno longer make sense to the new generation? How is one to really answer that question?

And can you  give a exact example please?

Let's say the song is "DACs drop da beat feat Jay-Z"
Alice thinks the song could make 10 million $ if copyrights existed.
Bob thinks it would makes 16$ cuz only jay-z's mom wojld be the album.

How are they getting paid? Can you elaborate on my example?

Thanks

--- End quote ---

Thats exactly the point... Alice and Bob are purely speculating along with everyone else in the market.   You make money by speculating early and identifying the new songs before anyone else and then advertising them.  The speculation would be directly related to how popular the song is perceived to be.

cob:
Hmmmm i don't know.
How is one to value that? It couldn't be checked/compared with a parallel universe where a copyright IS enforced.
What about 30 years down the road, where the concept on patents and copyrightsno longer make sense to the new generation? How is one to really answer that question?

And can you  give a exact example please?

Let's say the song is "DACs drop da beat feat Jay-Z"
Alice thinks the song could make 10 million $ if copyrights existed.
Bob thinks it would makes 16$ cuz only jay-z's mom wojld be the album.

How are they getting paid? Can you elaborate on my example?

Thanks

bytemaster:

--- 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?
How would you calculate how popular a song is? Do you go after a songs position in a top 50 chart or something?

Amount of times downloaded or googled? That coukd lead to bots downloading and googling a specific song100000 times.

Any ideas?

What about art? Like a painting? What measurwnt would one take?

--- End quote ---

The DAC would operate based upon a prediction market that asks the question:  "What would be the value of holding a perfectly enforceable copyright on X?"

cob:
How would it work in the case of music? How is the "bet" won or lost?
How would you calculate how popular a song is? Do you go after a songs position in a top 50 chart or something?

Amount of times downloaded or googled? That coukd lead to bots downloading and googling a specific song100000 times.

Any ideas?

What about art? Like a painting? What measurwnt would one take?

pgbit:
One interesting thing is that a DAC could automatically work out which ideas, over time, led to successful (popular or profitable) ventures. Protecting and rewarding successful ideas probably isn't something that is done very well at all the moment, in many countries around the world.

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