It became clear to me by 1984 that Microsoft was likely going to be the big winner in the PC software apps and operating system category, partly because of the dynamics of owning and controlling the operating system: that gave you enormous power, and I came to see Bill Gates was fierce competitor.
Life in cyberspace is often conducted in primitive frontier conditions, but it is a life which, at its best, is more egalitarian than elitist and more decentralized than hierarchical. It serves individuals and communities, not mass audiences, and it is extraordinarily multi-faceted in the purposes to which it is put.
In an economy where more and more value is in information - is in the bits, not the atoms, where bits can be copied essentially for free - any time you have that situation, economic schemes that rely on existing models of intellectual property laws for protection are going to do less and less well.