The War on Physical Media: Why PlayStation’s Move Threatens Ownership

Hey Satsmate Stackers, 

There is a big push recently on many companies to try to reduce our ability to own physical media. This is all done because they want to create an ecosystem that makes us dependent on a license and permission, rather than ownership and sovereignty. We can't constantly be at the mercy of these companies, especially given how they are out for one thing in the end - bowing to the shareholder, and trying to optimize profits. I'm hopeful we can move back to a world in the future that values ownership, instead of renting in perpetuity. Specifically in this podcast I go over the following: 

• I know this is more of a Finance/Bitcoin channel, but this is important that we are all aware of some events that transpired recently
• This also does impact all consumers of physical media (physical discs, physical games, physical music, shows, movies, etc.) 
• As consumers we love the convenience of digital, all you have to do is download it - and not hustle out to your local corner store 
• As well, at first it feels really good that you can access endless entertainment for a small subscription - this comes at a tremendous cost in the long run
• Once you stop paying, you lose access to everything - absolutely everything
• These companies have more market control when the data is on their platform
  • You can’t resell digital, you can let a friend borrow digital, there are many different marketplaces for physical but only one for digital
• This is extremely anti consumer, and while it doesn’t feel like anything now, just wait
• Recently (crazy right before this announcement), Sony announced that they lost the licenses to 551 movies, meaning if you “own” these on their platform, they will disappear
  • You never owned, and this is a grim warning of the future
• Change.Org has a petition that everyone needs to sign (even physical media advocates)
• As well as we should support a non-profit called “Stop Killing Games” 
  • Everything is becoming hyper-digitalized, and I think the day will come when we own nothing and we aren’t happy 
•  Licenses that can be revoked, things you say on the platform, a monopolistic storefront, and a corporation that doesn’t have your best interest at heart will significantly take away our freedoms in the future
• Already in COD you can’t say certain words without receiving a several day ban
• We are living in an Orwellian wet dream, and many don’t see it yet
• Speech will be controlled, you will have no ownership, less options, at a higher price
• Speak up and fight now! 

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Best Regards,

SatsMate Stack

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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.