Crowdsourcing Copyright Reform

Seeing as how both crowdsourcing and copyright have been discussed recently in lecture, I thought this new   Future of Copyright Contest was a particularly relevent topic, since it deals with the intersection of these two issues. This contest is attempting to crowdsource not only ideas for copyright reform, but the prize money as well.  Contestants are asked to create a short work about the future of copyright (20,000 characters for text or 15 minutes of audio/video), and the entries with the best ideas, as determined by an independent jury.  The jury already contains several respected professionals in the field including Michael Geist and Piotr Czerski.  The prize money that will go to the winner of the competition will come entirely from donations, so those that don't want to submit their ideas on the subject can contribute financially instead.

How appropriate would it be, perhaps even poetic, if ideas that help shape copyright reform for the information age were to come from a crowdsource contest funded by the internet community itself.  I believe that it is initiatives like this that will protect the freedom of the internet for its users.  Copyright is an extremely complicated issue, and the public can't really be too hard on the governments and media coalitions who feel threatened by the current state of the internet and want to impose stifling restrictions upon it, unless they can concieve of reforms themselves that are fair, enforcable, and don't impose on people's freedoms.  I feel that if idea's like this are successful, it will be evidence of a maturing internet community taking responsibility for itself.