Comments by "Mikko Rantalainen" (@MikkoRantalainen) on "Fixing the DMCA is making all the right people mad" video.

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  3.  @johanmetreus1268  I agree. I think the least worst solution would be something that's sometimes called "declared value copyright system". The idea is to grant gratis copyright similar to copyright we currently have for 5 years only. After that all works fall in public domain immediately. You can extend your copyright indefinitely by declaring it's monetary value and paying 1% (exact figure to be decided) of its value as yearly fee in exchange for the public not having the works in public domain and using legislation to protect your intellectual property. If anybody pays the sum of declared value to you, the work immediately falls to public domain. This would have following results: (1) If your work has no monetary value for you, you won't register it for a fee and we have more public domain content. (2) If you register the work, you have strong incentive to declare true value of the work. If you overinflate the declared value, you have to pay overinflated yearly fee to keep your copyright. If you undervalue the declared value, you pay lower yearly fee and the public can free your work for less than it's worth. (3) Nobody can force you to lose access to the work because it's not forced sell but forced release to public domain. Once you get the monetary compensation that you've decided (the declared value for the work) you should be happy with the compensation and the whole public can then freely enjoy your work. (4) Disney could keep Mickey Mouse behind the bars but they couldn't do that without paying compensation to the society. Mickey Mouse would get free once Mickey wouldn't make enough money every year. (5) If you encounter any piece of work that you know is older than 5 years and it hasn't been registered, you can be sure it's public domain. I'm pretty sure everybody would agree that having more public domain content would be better for everybody. The current system results in huge amount of abandoned work with zero financial value to be unusable for a century!
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