For something to be property, it has to have a boundary. On this side itâs mine, on the other side itâs not.
For information to be propertyâso called âintellectual propertyââit too must have a boundary. A secret meets this criteria. The boundary is your head. But any shared information is like gas vented into the atmosphere. It has returned to nature.
Yes and encrypted data. But if someone decides to unencrypt and share it, you donât own it anymore.
Nice insight.
Thanks, Iâve been thinking about this a lot lately. đ
The recent rise of generative models (AI), with their vast appetite for data, has revealed the impotence of legacy intellectual property protectionsâcopyright in particular.
Intellectual property protections like patents and copyrights worked to an extent when media was predominantly physical. But now that media is predominantly digital, those protections are withering fast.
What does this have to do with #Bitcoin? In Bitcoin, ownership is knowledge. You either know the keys or you donât. Whoever knows the secret can unlock the coins and no one else.
Enforcement of intellectual property claims is logically equivalent to third-party censorship, which, as we know, the Internet routes around. Bitcoin simultaneously makes transaction censorship impossible while creating true intellectual property.
I don't think copyright wll survive. I hppe V4V fixes this, but it's too early to tell.
