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How are artists going to continue making money from their art once we eliminate copyright?
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I already told you! But seriously:
1. It's not a nescessity to make money for people to write good books. Alot of things beyond money motivates people:
http://www.youtube.com/watch?v=u6XAPnuFjJc
2. I actually think writers SHOULD be compensated financially! I think where we're in disagreement is that I think the current system benefits publishers more than authors, and keeps us tied to a restrictive market model.
3. We need the industry to add value to their product, rather than detract from it. Other industries are already looking into how they can add enough value to their product so people won't want to copy it. I just bought a collectors edition The Witcher 2 today, even though it can be copied for free from torrent sites. Baen removed drm and offered some of their works for free.
Here's the central premise: A broad fan base that didnt pay for the original product, is still capable of generating revenue and might be more capable than a narrow fanbase that paid for the original product. We've seeing it right now with a product that's given for free, and which physical representation is attractive to that base. Despite the fact that people copy picture books and cartoons and obtain them for free.
Why? History has shown us that people are willing to do it for physical products. Companies are currently generating revenue from digital products, people can obtain for free. Q.E.D.