Why Giving Credit Should Be The New Currency

“We know that there’s no economical value in non-scarce things. Then how do musicians expect to make money out of digital music, especially now that’s it’s becoming more and more commodified and easy to have access to? Something abundant eventually becomes free at some point…You create market value by selling scarce things. Get it right asap.” – Tommy Darker

“[Big Tech] have to keep commodifying things to keep the share price up, but in doing so they have made all content, including music and newspapers, worthless, in order to make their billions.” – Thom Yorke [Radiohead] as quoted by Music Tech Policy

  • Ubiquity drives the commoditization of music and other intellectual property, lowering value and decreasing discovery
  • Giving credit, or attribution, counteracts this effect and creates value

I read two posts this week which got me thinking about how these two ideas related in the worlds of both social media and independent music. One post was from Tommy Darker on Music Think Tank called “Premiumization 101 For Musicians” (from whence came the quote above) and the other was by Bob Dunn, my favorite WordPress guru, called “Make Sure Your Shared Tweets Display Your Twitter Handle“. These seem like disparate posts, but bear with me for a minute or two.

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