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kchoudhu There is a big difference in media tho. Competition on the web is asymmetric, which means fraudsters & bad actors can adopt standards and methodologies with more speed and effectiveness than mainstream media orgs. Developing an open standard creates universal rules we will need.
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kchoudhu To respond directly to your point, media companies lack the agility to successfully screw everyone else or band together in a way that will prevent the excluded from competing with the same methods.
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kchoudhu Unlike banking, media models require a degree of transparency to work b/c they are reliant on interaction w/users on the open web and clear trackable transmission of data to any reader. No method would stay closed or competitive for long. Public rule setting is more advantageous