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January 30, 2014, 04:05:19 PM |
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Bitcoin is quite amazing actually. To give you some indication of a first hand example (relevant to arts), I wrote a song about Bitcoin and posted it on here a few days back. I posted my wallet digits for tips. I got tips. Think about that. It's like a street performer with his guitar case open. Except it was done on here, virtually.
The fact that artists (I'll use this word, which is more encompassing then musician) can be rewarded directly in real time will change the world. For example, popular music is horrible for good reason: record companies and other middle men. They have separate agendas that tilt artists away from their own ambition and towards the record company (or other parties) ambition. Bitcoin, in a sense, can cut out that middle man. Artists can be rewarded for their work directly. In this day and age, when independent artists can be found, this is huge. There's no need for a middle man. It will improve the underlying product by encouraging the artist to be themselves.
The other huge reason why Bitcoin will be successful in entertainment and the arts is because it's divisible. You can reward someone a infinitesimal amount. This is huge for burgeoning musicians, for example, or artists, in general. In fact, it's huge for anyone with a cause that could be supported.
Think about how Bitcoin could help crowdsourcing. The list is endless.
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