Why should a person who discovered some information ever lose their copyright on that information?
Because it produce better societal outcomes if they do.
If you spend 20 years of your life to discover some piece of information that creates real change in the world, why should the benefit of your blood, sweat and tears be limited in time?
(This is based on my morals so your milage may vary)
The economy exist to produce goods (including information) for consumers. The only consideration when constructing incentives is optimizing for the consumers.
And how long should the copyright last?
Just long enough so that the value of produced information covers the cost of production and a risk adjusted profit.
This is highly sector specific and might change over time.
One thing to note is that given constant revenue from the information, doubling the copyright does not actually double the vale of the information as future cashflows are discounted with the risk free rate. The societal cost of not having that information free double.
OpenSourceOptimist
npub1la…xhyhx
2023-02-17 07:11:34
in reply to nevent1q…dyd6
Author Public Key
npub1la858y4tftya337f4dku3tjs6jl5hvvs2wfg72837umlhl8dze9s6xhyhxPublished at
2023-02-17 07:11:34Event JSON
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"created_at": 1676617894,
"kind": 1,
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"content": "Why should a person who discovered some information ever lose their copyright on that information?\n \nBecause it produce better societal outcomes if they do.\n\nIf you spend 20 years of your life to discover some piece of information that creates real change in the world, why should the benefit of your blood, sweat and tears be limited in time?\n\n(This is based on my morals so your milage may vary)\n\nThe economy exist to produce goods (including information) for consumers. The only consideration when constructing incentives is optimizing for the consumers. \n\nAnd how long should the copyright last? \n\nJust long enough so that the value of produced information covers the cost of production and a risk adjusted profit. \n\nThis is highly sector specific and might change over time. \n\nOne thing to note is that given constant revenue from the information, doubling the copyright does not actually double the vale of the information as future cashflows are discounted with the risk free rate. The societal cost of not having that information free double.",
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