There are of course different ways to interpret what a sale of a digital good is (as you note), but legally speaking with regard to the status quo, it seems like something large might be changing. Either end users might find they have a lot more rights (the ones they've traditionally had for purchased items), or artists will get a lot more money because they've been getting screwed for decades for licensed works, or possibly we'll see new legislation codifying the current status quo to protect the large media companies (because for some reason legislators often seem to think past ability to make money is a reason in itself to protect the method in which it was done, regardless of legality).
This obviously doesn't help the streaming services, but, this - or something similar would help solve the quantum entanglement of digital music.
Blockchain might be amazeballs but it doesn't seem to scale THAT well.
NFT's don't solve this, unless we are talking about making licenses transferrable, but the author seems pretty clear that any form of license isn't acceptable in their eyes.
Royalty rates are a completely different issue to the text shown when you are purchasing - but wouldn't you expect different royalty rates for different types of product/media as an artist?
As in, if I sell a vinyl record of your new single for $10 with your photo on the front and plaster it all over the record shops (with high distribution and manufacture costs) that the fee might be different than what I pay you for a $0.99 MP3 download (lower price but zero incremental cost), and that the $0.99 download fee might be different to the fee that the artist would charge for a live broadcast (highly dependent on licence context)?
Having said that, I was mostly talking about the difference between licensing and buying from a consumer's perspective. There are still a ton of restrictions which come with "owning" something, but those are just ignored by the author because those were laws passed by a legislature and not a license term by a private company.
Purely digital just drops that cost from a few cents to nothing. DRM free music stores have existed for over a decade and already de-facto operate in this manner.
There isn't a practical reason to require DRM in order to have ownership over a digital copy of a song.
That's a sound legal principle, but unfortunately it doesn't apply in all situations and in all jurisdictions:
"If the defendant is considered to have a criminal lifestyle, the court ... must decide whether he has benefited from his ‘general criminal conduct’ and, if so, by how much. ... The burden is on the defendant to rebut any assumption made."
https://www.rahmanravelli.co.uk/expertise/confiscation/confi...
Ownership of digital assets is determined by physical possesion and legal ownership of the storage medium in which those assets are.
The only exceptions to this rule are in copyright law (regulating what you can do with a copy you own) and personal data laws such as GDPR.
The letters N, F, and T echo about in the background.
Why? You already have a copy on your local machine ("local machine" being anywhere you'd want to play that file). What's more important is the hash; if you really care about remote storage, IPFS kills both those birds with one stone.
> Still, you'll now pay >50$ for each file, 98% of which are transaction fees
There are other NFT-capable blockchains besides Ethereum, you know :)
A Shazam-esque audio fingerprinting approach could work here, too (though obviously IPFS won't give you that for free like it would a file hash). Might be troublesome for remixes, though.
Is "ownership" just a byproduct of physical goods? If I say I own a record, the proof is basically in the pudding. But how do I prove I own an MP3 file? I'd probably need to do something like show a receipt for it. But then again, what if I have shown that receipt to 100 people I've sold "my" copy of the MP3 file to? With physical reality, exact duplication is difficult, and is already covered under those existing laws.
It seems like computing was big on licensing, even when tech was nascent and there wasn't clearly reams of money to be made in it, there must be a reason for it.