I understand that a person with huge experience in the music business who is also a bitcoin fan would want that, but to be honest, I don't get why we should make everything decentralized. I believe that musicians around the world don't feel that this thing is missing right now. A third-party for moving our money online before bitcoin was a problem, because in reality, the banks had control over our money. Once bitcoin was created that problem was solved. Unfortunately, people tend to overflow an idea due to their overenthusiasm. For example what main difference would have a centralized p2p music creation with a decentralized one?
I've seen this kind of ideas in the past like a p2p exchange or blockchain in healthcare. We should start unseeing the third-party as something bad. Sometimes, the existence of a third-party is really important.
I've seen this kind of ideas in the past like a p2p exchange or blockchain in healthcare. We should start unseeing the third-party as something bad. Sometimes, the existence of a third-party is really important.
Musicians worldwide have a problem with many aspects of the current situation. Just a few of them:
1. Authority rights registrations are centralized now. Companies like ASCAP are unnecessary middlemen, which could be replaced with a blockchain based registration system. This would change payments from now months(!) to almost instant and secure.
2. A few big companies control a big part of the cake, which could be changed using a decentralized solution. Fans could buy music directly at the source.
3. Meeting with other musicians worldwide to create new projects/songs is another advantage of an all in one platform.
4. Middlemen at live show ticket sales are another problem, which would be solved using a free open source decentralized solution.
I guess thats enough for now. Decentralization is certainly not the solution for all the problems, but it would be worth trying to reform the music biz in a way, that people pay lower prices to consume music and still the musician gets a fair share. Now the big part of the money goes to companies, which are practically doing nothing.