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> Disney wouldn't be able to undo this later arbitrarily in this example Simply stop revenue from running through a DAO. That's actually more or less what Disn

by pyrale 6y ago

> Disney wouldn't be able to undo this later arbitrarily in this example Simply stop revenue from running through a DAO. That's actually more or less what Disney did in that case ; they simply moved the books to another publisher.

m3kw9 6y ago
Yeah what I thought
Kranar 6y ago
The DAO is the distributer of the intellectual property. The DAO receives payments directly from the customer and redistributes the revenue. But sure, a company as big as Disney could setup an alternative distribution system and market it. So presumably a DAO for publishing would not be too effective if it represented only a single publication. But if you had a DAO that distributed a large number of works, then it would get progressively harder and harder for any single company to subvert it.
- pyrale 6y ago
  The issue with that specific topic is that the DAO you describe would actually run against the right holders' interests, and therefore, they would have no interest in promoting or using it in the first place. In that specific situation, it would be against Disney's interests to agree to using it.
  - Kranar 6y ago
    Fair point. What interest is there beyond the revenue distributed by the DAO? Disney's interest is in marketing the DAO so that customers purchase from it, the authors have an interest in producing content to get marketed. What would Disney be against that?
    - pyrale 6y ago
      > Disney's interest is in marketing the DAO so that customers purchase from it There is little chance that having comics paid through the DAO would make new customers. The authors have an interest in the thing considering the event we're discussing, sure, but authors rarely get to choose their terms. Disney, as an IP holder, or publishers, currently are in a situation of power, and it would be foolish for them to pay into a new system for no tangible benefit.
dntrkv 6y ago
A lot of the benefits of crypto really come into play as more systems are integrated into the blockchain. If the whole series of payments and services are on the blockchain, you could build a system that is reasonably secured against these types of situations.
- castlecrasher2 6y ago
  >If the whole series of payments and services are on the blockchain, you could build a system that is reasonably secured against these types of situations. I'm not intending to be snarky here, but statements like these remind me of the phrase "the devil you know is better than the devil you don't." I have yet to see blockchain provide any tangible value, and in my opinion any future possibilities proposed like from this comment chain will almost certainly be plagued by similar (if not worse) issues.
  - dntrkv 6y ago
    >I have yet to see blockchain provide any tangible value What do you define as tangible value? I'm not a crypto bro, but I can see the potential in blockchain, specifically the building blocks nature of smart contracts. A global, decentralized, API that runs on its own "currency" and anyone can interact and build upon, that sounds pretty valuable to me.
    - castlecrasher2 6y ago
      I've put a lot of thought into it and have come to the conclusion that I and I'd guess many others would prefer a system that can be adjusted as needed by people and the legal system. For context, I don't have a very high opinion of people or the legal system, either.
- pyrale 6y ago
  So the true meaning of decentralized is "centralized elsewhere" ?
  - 6y ago

by pyrale 6y ago

m3kw9 6y ago

Yeah what I thought

Kranar 6y ago

The DAO is the distributer of the intellectual property. The DAO receives payments directly from the customer and redistributes the revenue. But sure, a company as big as Disney could setup an alternative distribution system and market it. So presumably a DAO for publishing would not be too effective if it represented only a single publication. But if you had a DAO that distributed a large number of works, then it would get progressively harder and harder for any single company to subvert it.

pyrale 6y ago
The issue with that specific topic is that the DAO you describe would actually run against the right holders' interests, and therefore, they would have no interest in promoting or using it in the first place. In that specific situation, it would be against Disney's interests to agree to using it.
- Kranar 6y ago
  Fair point. What interest is there beyond the revenue distributed by the DAO? Disney's interest is in marketing the DAO so that customers purchase from it, the authors have an interest in producing content to get marketed. What would Disney be against that?
  - pyrale 6y ago
    > Disney's interest is in marketing the DAO so that customers purchase from it There is little chance that having comics paid through the DAO would make new customers. The authors have an interest in the thing considering the event we're discussing, sure, but authors rarely get to choose their terms. Disney, as an IP holder, or publishers, currently are in a situation of power, and it would be foolish for them to pay into a new system for no tangible benefit.

dntrkv 6y ago

A lot of the benefits of crypto really come into play as more systems are integrated into the blockchain. If the whole series of payments and services are on the blockchain, you could build a system that is reasonably secured against these types of situations.

castlecrasher2 6y ago
>If the whole series of payments and services are on the blockchain, you could build a system that is reasonably secured against these types of situations. I'm not intending to be snarky here, but statements like these remind me of the phrase "the devil you know is better than the devil you don't." I have yet to see blockchain provide any tangible value, and in my opinion any future possibilities proposed like from this comment chain will almost certainly be plagued by similar (if not worse) issues.
- dntrkv 6y ago
  >I have yet to see blockchain provide any tangible value What do you define as tangible value? I'm not a crypto bro, but I can see the potential in blockchain, specifically the building blocks nature of smart contracts. A global, decentralized, API that runs on its own "currency" and anyone can interact and build upon, that sounds pretty valuable to me.
  - castlecrasher2 6y ago
    I've put a lot of thought into it and have come to the conclusion that I and I'd guess many others would prefer a system that can be adjusted as needed by people and the legal system. For context, I don't have a very high opinion of people or the legal system, either.
pyrale 6y ago
So the true meaning of decentralized is "centralized elsewhere" ?
- 6y ago