HDCP's real purpose

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The recent leak or crack of the HDCP key has mostly been discussed in terms media piracy. There is already plenty of Blu-Ray piracy - nobody's going to bother capturing raw HDMI traffic and re-encode it when they can easily buy a ripper. What this will do is make it possible for more small chinese manufacturers to get in on the HD television manufacturing game. HDCP provided a high barrier to entry for manufacturers so we haven't seen the proliferation of TV manufacturers that we've seen in virtually every other kind of electronics. I expect that to change. I'm looking forward to buying sketchy HDTVs in chinatown super cheap.