Why locking in digital assets is stupid
A fellow that runs Bronte Capital remarks on how he is forced to use his Amazon Kindle in order to access his Amazon-purchased library. If he decides to get rid of his (fragile) Kindle, the library goes with it.
This is always why I have been very conscious of the fact that digital asset locking is very dangerous – once you’ve made the outlay for a particular library (whether it be books, music, etc.) then you are locked into that one vendor. This is the case with the Kindle, and also the case for people that buy stuff in the iTunes store.
But, as the author writes, a lot of people buy into it, which is probably why Amazon and Apple are two very rich companies at the moment.