July 6th, 2010, 4:50 am
QuoteOriginally posted by: farmerQuoteOriginally posted by: banthonyDiscussion: should tick data be free?That is a stupid question. You might ask "Should someone be forced to pay to put airplanes in the air?" Or "If someone has already put an airplane in the air, should the law allow for everyone who wants to then jump into it?"Information is quite different in character from airplanes.The whole idea behind copyrights, and government enforcement of copyrights (which is ultimately what sustains the market), is that (a) a petitioner may obtain a limited, government-enforced monopoly for his ideas, or his organization of ideas, in exchange for which (b) this petitioner must ultimately release the government-protected artificially-monopolized information back into the public domain at some point.At the time the U.S. Constitution was adopted, I think the time frame between (a) and (b) above was about 7 years.Today, thanks to the lobbying of Disney et al, it's more like 99 years.But the principle is the same.You get artificial monopolies only in exchange for releasing the info back into the public domain at some point.I'm not sure if tick data is protected by "copyright"..But information intellectual property generally works the same, no matter what the mechanism.Patents eventually expire for the same reason, yes?