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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Scott C. Lemon who wrote (34662)11/5/2000 12:43:01 AM
From: Paul Fiondella  Read Replies (3) of 42771
 
Can I bring the discussion of P2P and PDS back to making money?

Here is the situation. There are 30-40 million people that are using a centralized Napster web site where some sort of database exists into which they presumably enter the audio CD files that they want to share. They can also access this database to "borrow" other people's files.

The question is how can they use P2P with PDS to accomplish the same thing.

There is now one additional requirement imposed by the Feds upon the above scheme. You must pay to share assuming you can get the record industry to agree to allow you to do it. (so far Bertelsmann has agreed to try this out.) In other words you cannot use the internet as the equivalent of a printing press for illegally copying things but you might be able to use the internet to access music if you were willing to pay a use fee --- something like what a radio station pays when it plays a record.

There is also one wrinkle on the Fed restriction which actually let's you get around the access fee.

If I own a CD, I can loan it to someone or even sell it since it is my property. What I'm not allowed to do under copyright law is make a copy and loan the copy while I still use the original.

So given this wrinkle in the law can we devise a system whereby you can loan your CD music over the internet?

I think it can be done.

IF you look at Just-On there is a provision to allow sharing for files uploaded to the file server. You upload the file and grant public rights on it. If you take this and expand the permissioning using directory technology you could presumeably develop a more sophisticated permissioning system.

Such a system would have to have the following characteristics.

First is synchronization. I want the file to continue to reside somewhere where I control it and have access to it. I also want to be able to easily move that fiel into sharable space. I have proposed a drag and drop icon. You just move the file onto an icon. Double click on the icon and it shows you what has been moved to the server for sharing or what is accessible P2P from your own machine (assuming some P2P system has been created.)

Second is tokenization. You have to be able to own the file. The token of ownership is obtained from the original owner of the music. That might be Sony or it might be your neighbor. You must be able to (a) sell the token (b) loan he token (c) recall the token. Without the token you can't play the music.

Third is encryption. This is simply the music file cannot be used without the token.

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I'm very interested to know whether a personal directory can be created to manage a token exchange system. If it can then we have the basis for a legitimate Napster or Gnutella based upon Novell directory technology.

By my estimation that is worth several billion dollars in business a year.

Anybody care to comment?
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