Here are a few smart things people are saying about SOPA and PIPA. Jeff Atwood gets at the key political takeaway:

So yes, join us in fighting the obvious insanity of legislation like SOPA and PIPA that threaten the open, unfettered Internet. But please, please also join us in attacking the far more pernicious problem of lobbyist money subtly corrupting our government. If we don't deal with that, we will never stop fighting bills like SOPA and PIPA.

Y Combinator wants to invest in startups that will replace Hollywood:

The people who run it are so mean and so politically connected that they could do a lot of damage to civil liberties and the world economy on the way down. It would therefore be a good thing if competitors hastened their demise.

And finally, Nat Torkington responds to the President's challenge to the tech industry to find ways to fight piracy:

All I can think is: we gave you the Internet. We gave you the Web. We gave you MP3 and MP4. We gave you e-commerce, micropayments, PayPal, Netflix, iTunes, Amazon, the iPad, the iPhone, the laptop, 3G, wifi–hell, you can even get online while you're on an AIRPLANE. What the hell more do you want from us?