I think blockchain has the potential to change the music business in a way favoring artists. What do you guys think? Let's be honest here, artists earn crap on Spotify & youtube and other streaming sites. The payment is ridiculous. By cutting the middlemen artists could potentially release the music themselves and get a smart contract with fans directly - helping them getting a lot more money per play. I've joined 2 sites right now. Both have their own coins... Of course right now the value is pretty low but it could go up in the coming years.
I remember posts across other forums about Musicoin - it seemed to be a very transparent pump-and-dump and it was even being treated like a meme after the fact. I would avoid it like the plague. https://coinmarketcap.com/currencies/musicoin/
Why do you need to use a cryptocurrency that can be manipulated by presale / speculators and such? Just make a website that lets you add like $10.00 to your wallet and every time you play a song it give the artist like $0.02 or whatever number seems appropriate. This seems like a solution looking for a problem.
XTO and AltMarket Thank me later Don't @ me re Bryce Wiener, DYOR Buy my bags in a few months lol https://www.instagram.com/p/Bkxl5xrAt2u/?utm_source=ig_share_sheet&igshid=xd6wfi0vhyqb etc
1) stuff like bandcamp already exists and works 2) musicians actually want promoters and PR people, for what it's worth
Short version - A database that no one person controls. In this instance, whenever you would listen to a song you would broadcast that information to a bunch of independent computers, who would each then talk to each other and update the database. That way no record company could hide how many listens you get.
Yeah, the issues are more "what backdoor shady deals the big three has made with the streaming platforms" and "what %age of the streaming money the labels give to the artists" than anything this digital tulip claims to solve. Oh, and the music industry's efforts in getting YouTube to pay more is resulting in the EU passing legislation that requires any site that allows users to upload anything (including forums such as ResetEra) to scan everything with a Content ID-esque system, on pain of being legally liable for any copyright infringement happening on said platforms.
Ah, cool. That makes perfect sense. Thank you. I mean, yeah, I want money... but I ain’t ever going to get it doing what I do.
Blockchain? Get out of here with that old stuff, artists nowadays want to be paid in exposure. That sweet, sweet exposure.
Does block chain actually need a "coin" when pertaining to music and music artists, especially when trying to cut out the middle man? I thought block chain itself wasn't the "coin" aspect but the entire tech and what not powering all those different coins and currencies.
