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RIP MP3. I remember downloading songs from unsecured FTP sites over a 33.6K modem in the late 90s and playing them with WinAmp (or some ugly, early player) because I was like 12 and didn't know any better. When I got a 56K modem and figured out how to encode them to WAV and burn them onto a CD I felt like a genius. My grandpa was a DoD engineer running a multimillion dollar research lab so he had a pretty tricked out home PC for the time, and it had a really early CD burner before they had buffer underrun (B.U.R.N.) protection, so he started getting upset at how many coasters I was making! It was getting to the point that just buying the CDs would be cheaper. Those pre-Napster years were so innocent, lol.

I'm so glad Apple came along and saved me from this horrid UI (and made buying digital music easy and affordable):

I wasn't the only one downloading Essential Mix's and playing with WinAmp then!
 
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The MP3 format has not been terminated. Actually, quite the opposite. The Fraunhofer Institute ended licensing on the MP3 format because the patent ran out. They no longer have the ability to license it because they no longer own the patent on it. MP3 is now public domain.
Yeah, MP3 isn't going anywhere anytime soon.
 
Yes but they are a monopoly. I believe in personal property but not government enforced monoplies especially on intangible ideas. Blockchain and open source will take over.
You're missing the point of patents.

In the absence of patents, someone who invents something novel must keep its design a closely guarded secret. Otherwise someone else (maybe quite a lot of others) will copy it and flood the market, making it impossible for the inventor to recoup his development costs.

By keeping the design secret, he's being just a monopolistic, but the rest of the world may never find out his secret.

With patents, the inventor is granted a legal monopoly for a fixed amount of time, in exchange for publishing his designs. So everybody knows the secrets, and once the time expires, everybody can benefit from that research.

I think it can be a meaningful discussion about whether the current duration (20 years from the first filing date) is too long, or if some thing (like software) should have shorter durations. I also believe that people who did not invent something and are not manufacturing it should not have the right to use patents to attack everybody else (e.g. patent trolls.)

But that having been said, I think it is very naive to assume, that the entire concept of patents should be eliminated. That would force inventors to go back to using trade secrets and would slow the rate of innovation in the marketplace.
 
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Good luck with that. Patents and copyrights are codified in the US Constitution, specifically Article I, Section 8, Clause 8: https://en.m.wikipedia.org/wiki/Copyright_Clause

The constitution is a piece of paper that protects exactly zero people. No matter who is in charge, the government does what they want when they want with no consequences.
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But that having been said, I think it is very naive to assume, that the entire concept of patents should be eliminated. That would force inventors to go back to using trade secrets and would slow the rate of innovation in the marketplace.
I didn't say they weren't expedient. I just think they're inherently wrong. And you're implying that trade secrets are not in use at all anymore?
 
I didn't say they weren't expedient. I just think they're inherently wrong. And you're implying that trade secrets are not in use at all anymore?
Of course trade secrets are used. But (with respect to the public at large) they are an inferior solution to the problem.

With a patent, the knowledge eventually must become public because the inventor must disclose everything as a part of the patent application.

With a trade secret, the knowledge may remain secret forever. It may even disappear altogether if the inventor dies without passing it to another person. And if someone should steal the secret, the inventor has no legal recourse against the thief (unless it was stolen by someone who has signed a non-disclosure agreement, like an employee.)
 
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