This article built upon the techniques described by Dr Craig Wright in his article ‘Digital rights management: Serialised media’
The sad state of the internet of content
It’s interesting to look at how quickly people moved from legacy media delivery services (Blockbuster video, free to air TV) to the convenience of having the bulk of our content delivered online. It is more interesting to see that this has all occurred without effective ways of distributing and monetizing that content that do not force consumers into expensive and cumbersome subscription models. While the abundant availability of online subscription services has reduced piracy in many markets, these models still locked consumers out of a lot of content. for instance here in Australia users can subscribe to Netflix and enjoy unlimited quantities of their content however to watch shows created on many other networks they are forced to subscribe to a second streaming content provider. for many consumers this barrier is too high pushing them to resort to piracy or indeed for some consumers to just switch off entirely.
Sadly even models based on micropayments still force the consumer to pay upfront and then draw down overtime due to the friction from moving money in the Legacy money networks. These schemes are ineffective and create a situation where consumers are financially locked into a platform that may not suit their needs.
A new model
With bitcoin we now have the opportunity to completely up-end the subscription based models that are so unfriendly towards consumers. We can create metanet driven platforms that allow users to buy access to content stored on the public ledger on demand, using a model that frees them of monthly subscriptions that force them to pay for content that they don’t want to watch.