Yea, you'd think this guy would be not such a retard if he was a part of the original napster.
Tell me, what if this idea works...And after a year or so he has say...1/2 market share. That means that 1/2 of all CD's and songs purchased are done through Snapster. The real record companies will obviously be taking a pounding, and they aren't just gonna sit there and take it.
They'll say fine, if we cant get by selling our albums in stores, EVERYONE can buy Britney Spears' new album from Snapster, that's fine. Only problem is, Snapster isn't gonna get it unless they give us 10 million dollars. There's nothing they can do, and eventually the only new music being produced and released would be no name stuff that no one wants to hear anyways.
This moron fails to realize that big part of the music industry is production of new music and marketting for that music, sales is only part of it. If Snapster stole all the business away from the record companies, who's gonna sign deals with these new artists, and who's gonna promote them? After a while, privacy policies just like those in software would start popping up in CD's, and snapster would be stagnant and only allowed to sell old music.
Plus the idea of owning .0001% of a CD and still being allowed to download songs off it doesn't seem legal to me at all, but i'm no lawyer, just not a retard like this guy.