I worry that we'll get into such a reactive state that we go from where anyone, anywhere in the world can put up a Web site and deliver a new service just by obtaining an IP address to where the only way I'm going to get my service into a network is to go to someone in a suit and make a business agreement. That would choke innovation. We have to be careful not to destroy the goose that's laying the golden eggs here, the goose being distributed innovation. On the other hand, we have to figure out how intellectual property works on the network. As much as I said I like Napster and Gnutella, that approach is fundamentally wrong from an intellectual property point of view.
Artists ought to be getting compensated for their intellectual property, period.
At the same time, it doesn't mean record label companies will necessarily play the same role. There's a disintermediation that will take place in the traditional roles of record labels and publishers. We have to have digital rights management, and we have to understand how you watermark and protect intellectual property. We can support security and authenticity. There's a lot we can do responsibly, technologically to create systems that have a much stronger sense of user identity and authentication.