[kmgroove]

Do people really think the value of something is 0$ just because they can get it for free? That is cost. The cost of me watching the latest blockbuster on my computer may be 0$ but I don't honestly believe it's value is 0$. You are right in saying that value is only what people think it's worth but I don't think people who pirate actually believe the content is worth nothing. The real mindset people have is if cost < value then screw value all together. This has always been the case.

Cost is becoming less of an issue online though, with simpler payments, content priced appropriately, and an increased "lock you out" if you try to get stuff for free.