This thread has crystallized what I suspect is the "Slashdot-approved" stance with regards to protecting material. Correct me if I get any of these points wrong.
1. If you want to make a living creating works that exist in a data format (music, books, video) just accept the fact that nobody owes you a dime for your time. If some people choose to drop some money in your hat, that's awesome - but don't count on it.
I honestly don't think this is the case here. It's a case or morality and ease of action. The younger generations (myself included, I'm 27), are being taught by their peers, and sometimes their parents that copying music is okay. It's against the law.. but so is speeding (but that's another debate). With both speeding and music/movie/etc copying, it's a case of "The populous has spoken". Upon looking for some stats on the Wikipedia:
In 2004, an estimated 70 million people participated in online file sharing. According to a CBS News poll, nearly 70 percent of 18 to 29 year olds thought file sharing was acceptable in some circumstances and 58 percent of all Americans who followed the file sharing issue considered it acceptable in at least some circumstances. In July 2008, 20 percent of Europeans used file sharing networks to obtain music.
These are clearly not insignificant numbers, especially the current young adult generation. Seventy percent! That's the MAJORITY. We're clearly dealing with a global, quickly spreading phenomenon. Back when I was in high school (99-03), during my freshman year you needed to be in the "leet" crowd to know about file sharing, kids charged 5 bucks a cd to make you any album you wanted. By the time I was a senior no one was charging because everyone was just downloading. It was the dawn of the napster era.
Our culture is changing, and it's changing worldwide whether you like it or not. Computers are getting faster, bandwidth is getting more plentiful, and people are becoming more 'educated' on how to get things they want for free. They are also being taught that these ways of getting things for free are culturally and morally acceptable.
The majority of this culture (as you can see from Jason Brown's escapade) clearly isn't the "I don't owe you a dime for your work" crowd. Most of the traders that were contacted actually stopped the trading. Which seems to me that it's more of an "oh whoops, I didn't know you weren't cool with that" type of crowd.
2. If your music is so great, tour and make money that way. If you get moderately successful locally, each band member might be able to clear $80 a night! Of course you'll need a huge cash infusion (i.e. debt) to start touring big, but I'm sure the banks will be happy to help you with loans for such a riskless endeavour.
3. Always remember - costs like studio time, special effects, actors, musicians, props, sets, insurance, essentially every cost involved in the production of your work magically disconnect from the work itself at the moment it is finalized. A ripped copy of that work has absolutely no moral, legal, or implied connection to any of those costs.
For the most part, none of these items fit into the mindset of the culture involved in the sharing. How do I know? If these costs were considered, people would pony up for them. Our society as a whole is a compensation based society. People go to the supermarket for food. They pick out the food they want, then go to the register and pay. My inkling is that they pay because it costs money, time, and labor to produce these food items. But it's illegal to take the food without paying, so of course they pay right? Well it's also illegal to distribute copies of music. But, the thing is you don't see 70% of young adults shoplifting, because shoplifting is also morally and culturally wrong. What about the people who grow food at home for 'free'. They still have to buy or barter for seeds, which take time to collect and package. This holds true for other physical product sales like tools, furniture, music (when it was just a physical product), and etc.
And now you're thinking... how does buying food relate to sharing music in any way? This has been covered a bazillion times by other posters. Say someone invented a food cloning device, and once this device was initially purchased, it could make at no cost, an exact duplicate of any food you put in it. All the perceived associated costs of growing and producing food and seeds for food go out the window. Sure... it took 6 months for that corn to grow to maturity... but wait. I can get a copy for free. And all the outsiders start screaming about the food industry going out of business. They also complain that people are paying for tools, they should be paying for food too! But now food has an infinite supply with zero reproduction cost... people are now confused as to why they should pay for food when they can now get it for free.
History repeats itself time and time again. The horse and buggy industry fought tooth and nail to stay in the game, but failed because automobiles were just bigger/better/faster. Now the music industry is fighting the same fight against bigger/better/faster. Why pony up $20 for a new release cd when you can head to a huge repository of new releases, download what you want, in any quality you want, and have it within a few minutes without having to leave your house. AND! It's morally acceptable to do so because 70% of your peers are also doing it. Therein lies the problem that the music industry faces.
Of course you'll say: "but there are paid services, that will give you those same options (bigger/better/faster)". And as you can see, many people are willing to pay for such services, and some people just aren't, due to the aforementioned reasons".
As the entity "Slashdot" I hereby decree that the whole idea of "Professional Artist" is forever banned. You have been demoted to busker.
This is hardly the case.