You have to read this! This commentary is written by a fifteen year old blogger who has a great look into the whole issue.
H.264 is an open standard. It was developed by a committee, standardized, reviewed by many engineers and developers for multiple companies and has been standardized for use with a multitude of containers and devices. However, H.264 is not royalty free. Software patents in many countries restrict the distribution of software that utilizes the codec to those who pay the MPEG-LA.
VP8 is not a standard. It was developed secretly by a single company, and until recently, had only a single working implementation. The public wasn’t open to collaboration on the specification until the bitstream spec was frozen, including the bugs that existed within. Now, the source code and reference implementation are available under liberal licenses, and all the related patents are irrevocably royalty-free.
Did the Internet community peak at bookmarks? Asked in a different and perhaps more complete way: just as technologies like RSS and email in their purest forms are hard to beat even as technology marches forward, what better technology exists to keep track of information on the ever-expanding Internet than bookmarks? Taken a step further, what better way to share the bookmarked information than a site of your own? As such, I‘ve been reading, which is why I write now.
Working in and having a passion for libraries, I am struck by the fact that the way bookmarks work in the physical world is not directly analogous to bookmarks in the digital world. Bookmarks in the digital world are instead like dog-eared pages or highlighted passages; if you think of the Internet as a single tome, that is. In any case, anything that moves you to deface a book should probably be shared or become immortalized in some other way than just a reference for a future version of yourself.