Just been reading about the new Mega service from Kim Dotcom, in which anyone can upload files of any nature into the cloud...but because they're encrypted before reaching Mega, and only you have the key (which of course you can share with others), it apparently absolves Mega of any legal responsibility should people use the service for, oh I don't know, illegally distributing copyrighted material.
The trendy tech blogs are hailing it as an "end to copyright" and think it's watertight. At last, all of those greedy capitalist artists who apparently don't deserve a return on their hard work, will be forced to give their recordings away for free.
Are they nuts or do they have a point? Personally I think it will get shut down. People will be sharing those links and keys to distribute music and movies on websites and forums, and the copyright holders will be working 24/7 to compile lists of links which contain evidence of wrongdoing....and of course once the pedophiles start using it to distribute filth, the Feds will be on it like a shot. Can't see it lasting more than a year, given that the Feds are already on KD's back.