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Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by digler999 on Friday August 05, 2016 @04:00PM (#12235343)
capitalism wouldn't "crumble" if people who had no need for a product happened to have possession of it. If I had a free tugboat in my back yard, that does't alter the market for tugboat operators in any nearby port.

I thought that it has been economically proven that digital goods such as mp3 downloads have zero value, since each additional copy costs the manufacturer 0.

Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by drdeca on Friday August 05, 2016 @07:53PM (#12236423)
How are you defining value?

I think standard economic thought defines value in terms of preferences.

Such that the value that something has to me is the supremum of how much I value any of the things I would give up in order to have it.

So, if I am willing to purchase an mp3 for $1, then I value it at at least $1. If I would also be willing to purchase it for $2, then I value it at at least $2.

If I value it at $2, and it is for sale at $1, then I would gain $1 of value in that transaction.

If the seller is willing to sell it at any price over $0.50 , then that is how much they value (not) selling it.

So then, in this transaction I would gain $1 in value, and they would gain $0.50 in value.

I think this is the standard way to think about it.

Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by slang800 on Friday August 05, 2016 @11:56PM (#12236952)
Digital goods don't have zero value. We know this because people are willing to pay for them. They just have very little cost to reproduce/transport which results in easy sharing. They're not even unique in this regard - you'll find the same easy reproducibility in books, architectural plans, art, simple circuits, manufacturing techniques, algorithms... any idea that can be expressed and transmitted easily. The problem isn't that those things are worthless (they're not), it's that knowledge can't be "owned" like physical items.
Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by digler999 on Saturday August 06, 2016 @12:57AM (#12237085)
>The problem isn't that those things are worthless

It's just that they're worth a lot more when corporations lobby governments to make copying them illegal.

Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by drdeca on Saturday August 06, 2016 @03:32AM (#12237407)
That doesn't make the "economically proven to have 0 value" claim true I don't think.
Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by erichocean on Saturday August 06, 2016 @07:34AM (#12237777)
> since each additional copy costs the manufacturer 0

How about the first copy? That cost "0" too?

If not, are you suggesting the first buyer pay full price and everyone else get it for free?

Re:Torrentz Shuts Down, Largest Torrent Meta-Search Engine S... by digler999 on Sunday August 07, 2016 @12:42PM (#12242565)
No, but every additional copy is cheaper than the first, and asymptotically approaches 0.