Real name policies and building a following on the internet have turned the broader internet into a meme:ish "DO YOU KNOW WHO I AM? I WILL DESTROY YOU!". The answer to that question should always be "you're no one. you're absolute trash, a stain on humanity".
People were told in the early 1900's that records would destroy music(live performances).
People were later told that radio would destroy music(record sales).
Then they were told that vinyl records would destroy music(radio revenue) and at this point we're just in the 1940's, it goes on and on.
The entertainment business in general have always been run by colossal retards.
This is also why the Minidisc failed. Imagine a physically robust audio format that's small enough to put in your pocket, can be listened to using a device not much bigger than it, and can make quality recordings of original media to it using a machine affordable to anyone and everyone with, if used properly, little loss of fidelity, and can be recorded to over and over again. Yes, that's the cassette tape. Now imagine that, but with no loss of fidelity between generations of copies. That's the Minidisc.
Basically, the RIAA didn't care too much about the cassette tape when it came along because they thought, "huh, it's a jumped up dictation machine, nobody gives a turd." Then in 1979 the Walkman came out, boomboxes were amongst the most sought after music gear of 1980 to 1985, enthusiast-grade decks like the Nakamichi and Revox appeared in the late 1980s, and punk rock with its DIY ethos and tape trading at gigs was a thing all through that decade. All of a sudden people were borrowing each others' CDs and vinyls and copying them to tape, making custom playlists with clever use of the record pause, and otherwise listening to music in ways that didn't involve the labels taking their pound of flesh. The horror! The horror!
"Home Taping Is Killing Music" might be a meme but they actually believed it at the time.
They resolved to never allow this to happen again. The Digital Compact Cassette was subjected to legislation that would force all decks sold in the US to refuse to make more than one copy of an original pre-recorded DCC and the same applied to Digital Audio Tape. So Minidisc was in the firing line also.
Lobbying and lolsuit threats meant that in the US, nobody dared release an affordable Minidisc, DCC, or DAT recorder without the SCMS digital rights management that they included, and as that was at the time the largest market, it rendered those formats an enthusiast-only niche product. Though it was fairly trivial to mod your machine to simply set the "copyrighted" bit to 0 on all recordings it made.
But yes, real name policies on the internets? Bad idea. Alexa, how can I have my identity stolen by online fraudsters?