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Well, think about it that way: What's the purpose of copyright? It gives ownership of information, to the people who produced it, some years for a song or a mov

Well, think about it that way: What's the purpose of copyright? It gives ownership of information, to the people who produced it, some years for a song or a movie. The presupposition is that said information, will be valuable in a year or 10 years. Along the same lines what's the purpose of investing? It captures ownership of a company, for some time, or indefinitely. The presupposition is that said company, will be valuable in a year or 10 years. Well as technology advances, everything becomes easier to produce, including movies, songs even car companies. The saying means that everyone will be able to produce something, which will gain big traction for a small amount of time. At that point he will be a billionaire, but someone else will produce something very similar, in fifteen minutes, and his ownership will go to nothing very quickly.

Dylan16807 3y ago
If by "billionaire" you mean "making a hundred dollars a minute" then I think I see what you're saying, but I would word it very differently. If you were even a paper billionaire you could sell a big chunk for something that wouldn't immediately crash. But if everyone knows you're about to crash back down, then that will be priced in to your "stock" and you won't even be a paper millionaire.
- emporas 3y ago
  Yes, i meant it more like: "Unrealized gains billionaire". The phrase is not meant to be absolutely serious of course, but it passes a point across which i think it's important. Not only better and better technology gives us more opportunities to compete with one another, but we become better at competing with one another regardless of technology. The edge one holds in anything such as making movies, making cars or what have you, gets smaller and smaller in duration. The timeline of the first mover advantage to capitalize on any gains gets shorter and shorter. In such a situation, copyrights, patents, IP, end up almost irrelevant.

Dylan16807 3y ago

If by "billionaire" you mean "making a hundred dollars a minute" then I think I see what you're saying, but I would word it very differently. If you were even a paper billionaire you could sell a big chunk for something that wouldn't immediately crash. But if everyone knows you're about to crash back down, then that will be priced in to your "stock" and you won't even be a paper millionaire.

emporas 3y ago
Yes, i meant it more like: "Unrealized gains billionaire". The phrase is not meant to be absolutely serious of course, but it passes a point across which i think it's important. Not only better and better technology gives us more opportunities to compete with one another, but we become better at competing with one another regardless of technology. The edge one holds in anything such as making movies, making cars or what have you, gets smaller and smaller in duration. The timeline of the first mover advantage to capitalize on any gains gets shorter and shorter. In such a situation, copyrights, patents, IP, end up almost irrelevant.