Applying the concept of Bitcoin in eBooks
Digital currencies such as Bitcoin would maintain single valid copy of files throughout the internet (world). If the same concept can be applied to eBooks then it would fix lot of nuisances and monopoly happening in intellectual property industry.
We know about the Amazon's stronghold and Overdrive on retail and libraries respectively, eBook adoption in colleges are low because publishers aren't willing to sell eBooks to library, the worry behind is it would reduce their profit. Just because 1 eBook => unlimited students can access them at any time. of-course there are some service provider that fix the simultaneous number of access to eBooks but they are poorly made ad-hoc solution.
But what if a fixed number of eBooks can be maintained using a new type of computer file exchange system, so the problem is solved for everyone, readers can have eBooks without DRM, piracy is eliminated, publishers can sell directly, and libraries will get eBooks at ultra low price. There will be no middleman.
EDIT: I do not wish similarity of bitcoin and this posting to be taken literally, I was stressing the demand for digital goods act similar to physical goods they can be transported only by omitting first copy. Otherwise with current form of internet and file exchange, future is going to be difficult when there will be 99% digital goods for most things.
Last edited by webroot; 07-02-2015 at 04:57 AM.
Reason: clarification
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