I might lose the right to prevent other people from using my content and that's just how the "Fair Use Act" would apply anyway. Nobody takes over my copyright ownership, it just becomes part of the public domain which potentially means I don't have copyright ownership - but that's due to the internet and copyright laws being outdated anyway.
I still own the content I posted since I got paid for it. There's just no stopping somebody else posting it and making money from it unless the copyright law were to adapt.
No its not. Partly because there's no such law as the fair use act, but also because as a concept, fair use is an exception to copyright ownership. That is to say, fair use applies to material not in the public domain. It also, generally, doesn't apply to using the whole work.
When you post your material on a site like FB or youtube, they get the copyright as long as you have it on their site (and can thus control distribution of it). But you can also take it down, at which point the copyright reverts to you.
With steem, your material is either public domain or something, but its not yours, because you can't control it.
So you own it. But you can't stop anyone else from using it and literally everyone in the world has the same right to distribute it and get paid for doing so as you do. Under that definition of ownership, ownership really doesn't mean anything. If there's no way for me to stop anyone who wants to from driving my car, its not really my car. Youtube and FB (i think) content creators also get paid. Do they own their content too?
So look objectively at what steem offers content creators. They post their content on the steem blockchain, at which point they give up their copyright irrevocably, and totally surrender all say in how their content gets distributed. In exchange, they get paid a few dollars if they're lucky, but probably just a few cents. A few dollars or a few cents which, in your mind, they should undoubtedly feel grateful for. Because youve apparently managed to convince yourself that steem is the only game in town.
The thing that blows my mind is that the echo chamber is so deep here, 99% of posters can't even see the above is a bad deal. Theyre mystified that people aren't flocking to the platform in droves with quality content.
Not quite. Correct on fair use, but not on the transfer of ownership.
Facebook do not get the copyright if you post something which is your intellectual property. You grant them a non-exclusive license to use it. An exclusive license would have the same practical effects of a transfer of copyright, and you would not be able to use it elsewhere, not it's not that. This is true for a lot of the social media platforms, but not all. I'm not actually sure about it on Steemit, it's something I'm looking into actually. My understanding is close to "your material is either public domain or something" 😂 So, in the Facebook, Youtube, etc. case, they can't control distribution (this obviously implies exclusive control), they are just free to distribute it under the terms you agree to.
You certainly can't make sure that anyeon who views (i.e. downloads) your data will not copy it, and it's a big problem. Information wants to be free right? But that's not exactly fair. Again, something else I'm looking into in my recent blog posts.
I'm not sure if it's such a bad deal but it certainly might be and warrants further investigation. The echo chamber is real.