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Title: . Post by: MicroGuy on September 23, 2014, 01:55:06 AM .
Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: BTCgraphics on September 23, 2014, 02:00:50 AM no
Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: Willisius on September 23, 2014, 02:10:13 AM ... How It Works Artists will promote their music on social media to attract Songcoin Investors. If a Songcoin investor likes a song, they can invest as much or as little as they wish. Seventy percent of the invested revenue will go straight to the artist, and the remaining, divided between the preceding investors and the Songcoin technology partners. ... This sounds like a great way for the "Songcoin technology partners" to get free money for doing nothing. Other than that, no, I'm afraid not. Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: Blazr2 on September 23, 2014, 02:27:33 AM Doubtful, iTunes and thepiratebay seem to work pretty well.
Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: Willisius on September 23, 2014, 02:45:10 AM ... How It Works Artists will promote their music on social media to attract Songcoin Investors. If a Songcoin investor likes a song, they can invest as much or as little as they wish. Seventy percent of the invested revenue will go straight to the artist, and the remaining, divided between the preceding investors and the Songcoin technology partners. ... This sounds like a great way for the "Songcoin technology partners" to get free money for doing nothing. Other than that, no, I'm afraid not. The Songcoin buyers will be able to download the songs they invest in directly onto their music devices. I think this development cost will have to come from somewhere. My understanding is the exact details are still be ironed out. Thanks for the feedback. And it's not too unreasonable that they want compensation. But consider that infrastructural services like bitpay don't get a cut of BTC transactions/investments. My point is that it's less of a currency and more of a service. At that point, why not just make a service that uses Bitcoin to do this? Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: dynoman on September 23, 2014, 04:37:16 PM ... How It Works Artists will promote their music on social media to attract Songcoin Investors. If a Songcoin investor likes a song, they can invest as much or as little as they wish. Seventy percent of the invested revenue will go straight to the artist, and the remaining, divided between the preceding investors and the Songcoin technology partners. ... This sounds like a great way for the "Songcoin technology partners" to get free money for doing nothing. Other than that, no, I'm afraid not. The Songcoin buyers will be able to download the songs they invest in directly onto their music devices. I think this development cost will have to come from somewhere. My understanding is the exact details are still be ironed out. Thanks for the feedback. And it's not too unreasonable that they want compensation. But consider that infrastructural services like bitpay don't get a cut of BTC transactions/investments. My point is that it's less of a currency and more of a service. At that point, why not just make a service that uses Bitcoin to do this? Thanks MG & WS yes your right in saying that its as much a music service as a new crypto. The reason I decided on Songcoin was that we wanted a specific industry related coin. Much easier to promote than Bitcoin and it would perhaps just seem like a payment service whereas Songcoin is all about investing in Music. Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: TaunSew on September 23, 2014, 04:49:28 PM Sounds like the next wave of $hitcoin niches like those XXX coins (XXX, Sex Coin, Wank Coin) and the country coins.
We can put disclaimers and warn all day but people don't really listen. If you actually want to make money off cryptos then you have to stick to the 2.0 currencies, imho. Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: biophil on September 23, 2014, 05:56:54 PM Did anybody else notice that it has pretty strong Ponzi elements? If you invest, the only way you make any money is if a lot of people invest after you. Not super interested in getting involved in that.
If the concept interests you, check out BitShares Music: http://peertracks.com/pre-sale.html (http://peertracks.com/pre-sale.html). Much better, more well-thought out non-Ponzi business model. Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: vanobe on September 23, 2014, 06:08:35 PM Some of the 2.0 coins will soon offer song file sales directly through their own inbuilt market places. They sound more likely to catch on than this.
Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: TreasureSeeker on September 23, 2014, 07:06:32 PM I'm confused - Is this the same Songcoin as was mentioned in February at http://www.ibtimes.com/introducing-songcoin-new-cryptocurrency-built-music-industry-hopes-cash-bitcoin-craze-1558599 ....that one was supposed to be released in March.
If it's a different coin, it really needs a different name. Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: First.Bitcoins on September 23, 2014, 10:30:26 PM There is already a coin that does this, not only for musicians, but all artists.
AppleByte launched in NYC on May 1, 2014. https://farm4.staticflickr.com/3677/13538912905_d8e6fb49f0_m.jpg (https://flic.kr/p/mCot7R) More AppleByte Details: Announce Thread: Announce Thread (https://bitcointalk.org/index.php?topic=503131.0) Website: AppleByte.me (http://AppleByte.me) Facebook: AppleByteMe FB Page (https://www.facebook.com/applebyteme) Twitter: AppleByteMe Twitter (https://twitter.com/AppleByteMe) Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: aleix on September 23, 2014, 10:33:12 PM sorry, but it looks that your coin try to solve a problem that doesn't exist
Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: dynoman on September 24, 2014, 04:53:15 AM sorry, but it looks that your coin try to solve a problem that doesn't exist Presently - there is no fair way to compensate artists for digital music downloads - our answer to that problem is to engage the fan as an Investor rather than just a listener. Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: dynoman on September 24, 2014, 05:06:43 AM I'm confused - Is this the same Songcoin as was mentioned in February at http://www.ibtimes.com/introducing-songcoin-new-cryptocurrency-built-music-industry-hopes-cash-bitcoin-craze-1558599 ....that one was supposed to be released in March. If it's a different coin, it really needs a different name. Thanks TS no it's not the Kasian Franks version that was never actually released. http://www.cryptocoinsnews.com/songcoin-reveals-plans-disrupt-music-industry/ (http://www.cryptocoinsnews.com/songcoin-reveals-plans-disrupt-music-industry/) Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: testz on September 24, 2014, 08:57:05 AM Not sure, but looks like they have more clear idea:
http://peertracks.com/faq.html Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: dynoman on September 24, 2014, 09:22:32 AM Not sure, but looks like they have more clear idea: What's this came up with a dead link ? http://peertracks.com/faq.html Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: jabo38 on September 24, 2014, 09:29:18 AM pretty crowded arena. this won't work
Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: dynoman on September 24, 2014, 09:35:30 AM pretty crowded arena. this won't work Not so sure about that? you only need a small slice of a very large pie to make a start and there's no rush as far as I'm concerned.Title: Re: Will Songcoin Revolutionize the Music Industry? Post by: testz on September 24, 2014, 09:42:06 AM Not sure, but looks like they have more clear idea: What's this came up with a dead link ? http://peertracks.com/faq.html Link works but system still under development, if your interesting you can join discussions here: https://bitsharestalk.org/index.php?board=54.0 |
