Union Square Ventures VC Fred Wilson continues his thoughts on smart ways to approach content licensing on the Internet. Wilson praises the model put forth by Getty Images’s new PicScout Image IRC, which he believes delivers on its claim of “instantaneous real-time self service licensing on the Internet.” PicScout not only identifies and determines if the content is infringing on a license, but can provide an instant license to the content if the application wants one. Where it gets really interesting is in the post’s 108 comments, which include some developer feedback that this model “can’t be scalable.” [Source: AVC (Fred Wilson's blog)]