Mark Pesce has put up part two of his "Piracy is Good" speech transcript. It contains a couple of whattheheck lines, such as "Because you don't sue your audience. (Just ask Metallica how well that worked out.)" Um, they do and it worked out great for Metallica.

But never mind that. Pesce says the things we want to hear: BitTorrent will take over the world. New day dawning. Audiences asserting control. It's all stuff I'd like to be true, but I don't see it. Mass markets and social changes are not wrought by will and geekitude alone. He also makes some interesting economic assertions but without even a skeleton of numbers to back them up.