The blockchain would, in essence, allow capitalism to more fully move into the realm of the internet. This has always failed in the past, because in digital environments, everything is so easy to copy. Therefore nothing is scarce, which is why digital content, like music, images, and text, is almost always free, or extremely protected. The blockchain’s comprehensive ability to allocate each piece of code within its system could completely eliminate the possibility of copying a song, for example, because who has which digital copy when would be traceable. A digital magazine based on the blockchain system would have unique copies, just like a printed magazine. It could be bought and sold like a physical object.
Literally retarded. Even if the file itself is somehow protected by magical DRM, you can just... record the music playing? Take a screenshoot of the fucking image? Rewrite the fucking text (I agree, some of these are tedious and basically everything relies on someone owning the thing in first place (like current piracy doesn't) but honestly, I belive all of this can be achieved without losing nothing of the quality and even making files smaller due to not being infested with uneccesary shit). I mean, the DRM stuff works at least a bit with games since you can't really remake one (at least not without tremendous effort) so you have to crack the blockade, but with music? Unless you can hijack air waves you can't stop piracy. Holy shit, at worst people would just do it like people did in Poland years ago, record the song from the radio and THERE YOU FUCKING GO. Same thing with pictures and text, just take a goddamn picture of the picture or text.
It took me 10 seconds to crack this next-gen superior bullshit that will apparently change the world forever. Okay, they might implement something against this but I don't really see it happening without everyone getting a fucking Big Brother in everything, which may be the case in the article but honestly I didin't even want to read it because the quotes were enough.
EDIT:
I may be missing the point completly but I am just thrown off the rails everytime someone mentions a "gamechanging" solution to piracy. That's not going to happen unless you can implant DRM straight into people or something.