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RE: Vlog 307: European Union might ban the use of memes because of copyrights. Could frictionless royalty payments be possible on a blockchain? + Steempay 0.3
@exyle I guess it is possible to do this on a crypto platform. However, how will they ever ensure that royalties are being paid on platforms like Facebook, or Twitter. I see copyrighted content there all day long. I guess they will never be able to put a hold to that.
Hello @markdeheide, nice to Steem you! :-)
Maybe a precedent in that way is the European Union directive on the so-called "fake news", through which it seems the E.U. succeeded in obtaining from Facebook and Twitter an adaptation of their algorithms that allows posts filtering (and free thinking inhibition, but that's another theme ;-) ). They probably could automatize in a similar manner copyrighted content detection and royalties payment...
@ijatz ow yeah true. Keep in mind though people aren't paid for placing content on Facebook or twitter, so there are also no payments to be forwarded. On YouTube this is already happening on a massive scale.