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Copyright’s “Double Spend” Problem: Digital First Sales 

Lance_Koonce_DWTJack Browning recently posted a great analysis regarding whether a new technology like the blockchain could revitalize the first sale doctrine under copyright law.  Jack used a terrific analogy to explain the first sale doctrine, from the Hugh Jackman movie The Prestige. In the film, in order to create the illusion of teleportation, Jackman’s character – who had access to a cloning device only (just watch the movie, okay?) — had to murder his own duplicate each time one was created, so that there was only one copy in the world at any given time.

In the digital world, the problem is that it is difficult to kill the original work when you sell the original version to a third party – you are not effecting a physical transfer of your copy.  Instead, what really happens is that you are making a copy of the work on a new computer, and the only way to get rid of the original is to delete it from the original location. To make sure that occurs, some trusted third party would have to ensure that the original copy was truly wiped from existence.

Sound familiar?  It’s precisely the same issue cryptocurrencies face, which as noted was (many believe) solved by the blockchain.

Source: Copyright’s “Double Spend” Problem: Digital First Sales | Davis Wright Tremaine LLP – JDSupra

Major questions arise over Craig Wright’s claim to be Satoshi Nakamoto

The tech community is currently pouring scorn on the news that Australian entrepreneur Craig Wright has revealed himself to be Bitcoin creator Satoshi Nakamoto. They say the story does not add up, given that his ‘proof’ could simply be an old signature signed by Satoshi and what was previously known about how the Bitcoin inventor operated in the past. Wright has previously been named as Satoshi but denied it at the time.

Wright openly gave the story to three media outlets in order that they might verify his claim the BBC, The Economist and — somewhat unusually — men’s lifestyle magazine GQ.

Source: Major questions arise over Craig Wright’s claim to be Satoshi Nakamoto | TechCrunch

Craig Wright revealed as Bitcoin creator Satoshi Nakamoto 

Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. His admission ends years of speculation about who came up with the original ideas underlying the digital cash system.

Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin’s creator. Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright’s claim.

Source: Craig Wright revealed as Bitcoin creator Satoshi Nakamoto – BBC News

A Surprisingly Interesting Dive Into Classical Music Metadata 

musical scoreDigital service providers (DSPs) have copped a lot of flack for a perceived lack of support for classical music. Some of the criticism has been leveled at the methodologies used to ingest and display classical, which can vary widely from store to store. A universal standard amongst stores for organising classical music would be ideal. However, this is half the problem; for DSPs to ever display classical metadata correctly, they’ll always be reliant on a supply of consistently good metadata.

One solution is to supply classical content in a way that’s homogenous with the way the same content is managed by the digital services that invest the most in it. iTunes, in particular, has an established methodology for classical metadata, which encompasses many millions of albums and tracks. Their conventions therefore heavily influence how we should supply our metadata. Or to put it another way, do as the store demands consistently, or don’t see it on store.

Source: A Surprisingly Interesting Dive Into Classical Music Metadata – hypebot

You Can Now Buy Games on Steam Using Bitcoin

Valve has partnered with Bitcoin payment service Bitpay to bring everyone’s favorite cryptocurrency to games platform Steam. Bitpay says it was approached by the company because it wanted to internationalize its operation, making it easier for Steam users in emerging markets to to buy games without using a credit card.

“While more users are coming online in these countries, traditional payment options like credit cards often aren’t available,” said Bitpay in a blog post. “As the internet’s universal currency, Bitcoin will allow Steam to easily reach gamers in every market around the world — without the high fees or the risk of chargeback fraud that come with card payments.”

Source: The Verge

ASCAP Payout to Industry Falls by $16m, Despite Revenue Growth

US licensing body ASCAP collected more than $1bn for the second year in a row in 2015 – but paid out some $16.1m less to songwriters and publishers.

As a result, the collection society’s overall cost-to-income ratio moved in the wrong direction for rights-holders – despite its expenses actually dropping in the year.

Total receipts at ASCAP last year hit $1.015bn, up 1.3% on the $1.002bn collected in 2014. However, 2015 saw distributions of $867.4m to ASCAP’s 560,000 members in the US and around the world.

Source: Music Business Worldwide

Valve Begins Accepting Bitcoin As Payment Method On Steam

Gamers may soon be able to buy their favorite video games with bitcoin, the world’s most popular and valuable cryptocurrency, thanks to a partnership between the digital distribution platform Steam and the payment processor BitPay.

Although neither Steam nor its developer Valve has commented on this development, gamers Tuesday began seeing the option to pay with bitcoin appear when adding credit to their accounts. However, BitPay has published a blog post on the agreement between the parties with Rory Desmond, the company’s head of business development in North America and the Asia-Pacific region, saying it was Valve that contacted his firm about the possibility of facilitating the new payment method.

Source: IBT

Will We Ever Hear the Hundreds of Songs Prince Left Behind?

It’s important to understand that even unreleased songs are protected by copyright as soon as an artist writes them down.

“Once [Prince] created it,” says Mike Carrier, a law professor at Rutgers, “it was fixed. It wasn’t just in his head. He didn’t just sing it once; he recorded it.” Still, no one knows who owns those copyrights now. Given his history with, and distrust of, the music industry, Prince’s heir or heirs may well fully own the recordings. Copyright lasts the life of the artist, plus 70 years.

(Mark your calendars for 2086, when Purple Rain enters the public domain.)

But “copyright is so much more about contracts, than it is about federal policy,” Vaidhyanathan says. “A copyright holder has tremendous power over what happens, how it’s released to the world.” We can’t say anything for sure so soon after his death, when so much remains unknown, but we can speculate. So let’s speculate.

Source: WIRED

For Blockchain VCs, the Time for Ethereum Investments Has Come

Just a few months after the platform’s production launch, the first Ethereum startups are already receiving interest, and in some cases, undisclosed investments, from digital currency-focused VC firms.

Interviews with four of the leading blockchain and digital currency industry investors revealed that many are already performing due diligence on startups utilizing the decentralized application platform. Announced in 2014, Ethereum has gained significant traction of late following a successful hard fork and testing from major financial institutions.

Source: CoinDesk

U.K. Minister Calls for Intellectual Property Framework ‘Fit for Purpose in the Digital Age’

The U.K.’s dedicated IP minister Baroness Neville-Rolfe has used the occasion of World Intellectual Property Day (April 26) to call for an IP framework “fit for purpose in the digital age.”

“The process of digitization has transformed the world around us at a furious pace. It has revolutionized the way we work; the way we interact; and the way we shop,” said Neville-Rolfe in a blog post referencing the “symbiotic relationship between digital and IP.” “The creative sector must be able to protect and benefit from intellectual property,” she went on to say, adding that if the U.K. wants to secure its future as a “nation of innovators, we need to make sure our IP framework is fit for purpose.”

Source: Billboard

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