MediaCoin is unlikely to significantly reward SEGI investors
Consider Marc Andreessen's thoughts from early 2014: We can send email back and forth for free, messages back and forth. Why can't I send a property title back and forth? Because there was a set of breakthroughs that had to happen around trust, around cryptography, that had to happen, that in fact happened over the course of the last 5 or 10 years. And then the key breakthrough was this breakthrough, the Bitcoin breakthrough, by this sort of anonymous inventor, Satoshi Nakamoto, who came up with this idea of the blockchain, which is kind of this trust model for establishing who owns what, who controls what, who has committed what, at different points in time. So, that's a really big breakthrough. You can think about that breakthrough--Bitcoin, people think of it as digital money. And it is digital money. But it's deeper than that. It is potentially also digital contracts. It's potentially digital title, digital ownership, digital keys, digital assets. Media files, which is a big problem on the Internet, single copies of media could be done this way. And then also digital stocks, digital bonds, digital loans, digital insurance contracts. And so you can kind of see where I'm headed with this, which is this kind of distributed trust breaks through with a wedge that the technology has now made possible. And now what's going to happen, and is happening right now, is hundreds and thousands of entrepreneurs starting companies to do software-based contracts, software-based ownership, software-based title, all of these different categories, using this underlying blockchain technology. And that's what's going to happen in the next 5 years. And that's what we're funding.
My point is, if there's significant profit to be made, MediaCoin is unlikely to capture it. Others, with deeper pockets, started 4 years ago.
I am not bashing SEGI in general. IMO, MediaCoin is immaterial to SEGI investors, other than as temporary hype. Blockchain technology may improve market access for SEGI properties, but MediaCoin is unlikely to be the vehicle that does so. Remember, Andreessen's comments were from May of 2014.
BTW, I am not a SEGI investor, nor do I have any investment interest in the entertainment market.
