BitShares Music + PeerTracks (Pre-sale launch)

[CLains]

Best idea i've seen yet involving music. Following this.

Agree. This gets more interesting the more I look into it.

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[stuartcharles]

Im a music producer.

You should be able to tell me this idea in a few sentences.
If I cant figure it out, and I'm in the industry how the hell is someone from the public going to? Its not that theres anything bad. I just dont see where the focus for mass adoption is. That is what you absolutely need, and there is no doubt the music industry has way bigger potential than the porn industry for using crypto coins. But its not going to happen if artists, labels, and the public have to jump through hoops to do it. Right now its incredibly easy to buy music, or listen to it, or even take it. Anything remotely more difficult than the current methods simply wont happen.


I also feel you have it the wrong way around. THE PROBLEM with the music industry now is there is no filter down money effect. It now stays at the top. Masses of small, niche, and indie artists wont see a royalty check worth a damn ever. They are where your focus should be first. Getting them on board (which wouldnt be that hard) would then get their fanbases involved etc.

The point is the vast majority of music artists make next to nothing these days contrary to what the general public believes. So any avenue or possible means of income like this would be wholly embraced.

Then again to be honest it doesn't need what seems to me a centralized system which I gotta say is very complicated to understand for newcomers to crypto like me.

this guy seems to talk sense

[jasemoney]

if this has the bitshares name, does that mean there will be a PTS snapshot for it?

Yes, there was a PTS snapshot, details here: https://bitsharestalk.org/index.php?topic=9387.0

If you're a PTS holder, you should already have some stake in this system.

ok so the snapshot was day before yesterday. to bad i must have missed that info, I would have gotten some PTS back. anyways good luck, sounds interesting, I'll look for it on bter.com.

you bitshares guys should try and do an announce ahead of time here!

[Djinou94]

Bitshares community is not enought present on Twitter

[smartmoney]

Im a music producer.

You should be able to tell me this idea in a few sentences.
If I cant figure it out, and I'm in the industry how the hell is someone from the public going to? Its not that theres anything bad. I just dont see where the focus for mass adoption is. That is what you absolutely need, and there is no doubt the music industry has way bigger potential than the porn industry for using crypto coins. But its not going to happen if artists, labels, and the public have to jump through hoops to do it. Right now its incredibly easy to buy music, or listen to it, or even take it. Anything remotely more difficult than the current methods simply wont happen.


I also feel you have it the wrong way around. THE PROBLEM with the music industry now is there is no filter down money effect. It now stays at the top. Masses of small, niche, and indie artists wont see a royalty check worth a damn ever. They are where your focus should be first. Getting them on board (which wouldnt be that hard) would then get their fanbases involved etc.

The point is the vast majority of music artists make next to nothing these days contrary to what the general public believes. So any avenue or possible means of income like this would be wholly embraced.

Then again to be honest it doesn't need what seems to me a centralized system which I gotta say is very complicated to understand for newcomers to crypto like me.

this guy seems to talk sense

He does have a point regarding the target of the DAC promo campaign, that it might make for faster adoption if it were marketed to the artists rather than the fans. But why does he think that's not happening? I thought the OP was very comprehensive and dealt with EVERYONE equally.

The one thing this guy doesn't get is that the BitShares Music DAC is the very OPPOSITE of centralization. Perhaps he didn't read the OP fully or doesn't understand blockchain technology. He's here so there's still hope it will one day "click" and he will see how decentralized the BitShares Music DAC is, and even more secure than BitCoin's POW blockchain tech is.

Finally I think this music producer dude is typical of the fast paced microwave world we all live in when he says:

You should be able to tell me this idea in a few sentences.

Oh really? Let me hear you tell me "in a few sentences" how the electric grid works, or your cell phone, or nuclear power or ... blockchain technology. Why do you expect difficult things to be made so simple? It devalues the accomplishment. If it was easy to explain it would be easy to do and it just isn't.

And jumping through hoops is what we all have to do to play in the crypto world, at least to some degree. It's an evolving industry and convenience will come with time. Compare blockchain technology to the introduction of the Internet. How many years did it take the Internet to evolve to be user friendly and convenient. Darpa started the internet (ARPANET) way back in the 1960s. I began using it for email in the 1980s, and the WWW wasn't invented until the 1990s. So your microwave, A.D.D. short attention span, give it to me in a few sentences attitude doesn't sound very realistic IMO.

The guy may be right that it will take awhile to realize the design goals of decentralized freedom blockchain technology promises as long as we have to "jump through hoops" to participate in it, but it's gonna happen baby, count on it. The human race cries for freedom, and financial freedom is long overdue!

[thevampireskilledit]

I think I get it in a couple of sentences for the lay person.

Buy/Sell/Trade shares in your favorite bands, artists, groups with the tokens that are created by those bands, artists, and groups through bitshares music DAC.
Buy music through peertracks & possibly cash in some tokens if the band declares 1 token is worth 1 download or something.

[tonyk]

if this has the bitshares name, does that mean there will be a PTS snapshot for it?

Yes, there was a PTS snapshot, details here: https://bitsharestalk.org/index.php?topic=9387.0

If you're a PTS holder, you should already have some stake in this system.

ok so the snapshot was day before yesterday. to bad i must have missed that info, I would have gotten some PTS back. anyways good luck, sounds interesting, I'll look for it on bter.com.

you bitshares guys should try and do an announce ahead of time here!

It is true you missed the PTS snapshot and they could have announced it earlier. However if you want to have a stake in the Music DAC only, the pre-sale price is a much better deal and you have 50+ days to buy in this way.

[tonyk]

I think I get it in a couple of sentences for the lay person.

Buy/Sell/Trade shares in your favorite bands, artists, groups with the tokens that are created by those bands, artists, and groups through bitshares music DAC.
Buy music through peertracks & possibly cash in some tokens if the band declares 1 token is worth 1 download or something.

I believe, the plan is the token holders to get paid whenever somebody buys a song. In that sense you get paid more when the band sells more songs, as opposed to the price to be determined by the bands themselves.

[Riverhead]

I think I get it in a couple of sentences for the lay person.

Buy/Sell/Trade shares in your favorite bands, artists, groups with the tokens that are created by those bands, artists, and groups through bitshares music DAC.
Buy music through peertracks & possibly cash in some tokens if the band declares 1 token is worth 1 download or something.

I believe, the plan is the token holders to get paid whenever somebody buys a song. In that sense you get paid more when the band sells more songs, as opposed to the price to be determined by the bands themselves.

That's exactly it. When you own coins for an artist, say OneDirectionCoin for example, you get a small percentage of all their sales. If you thought they were the sh*t before everyone else did and bought their coins cheap you'd be doing very very well right now. This is why early coin holders become instant grassroots marketing for the band.

[thevampireskilledit]

I think I get it in a couple of sentences for the lay person.

Buy/Sell/Trade shares in your favorite bands, artists, groups with the tokens that are created by those bands, artists, and groups through bitshares music DAC.
Buy music through peertracks & possibly cash in some tokens if the band declares 1 token is worth 1 download or something.

I believe, the plan is the token holders to get paid whenever somebody buys a song. In that sense you get paid more when the band sells more songs, as opposed to the price to be determined by the bands themselves.

That's exactly it. When you own coins for an artist, say OneDirectionCoin for example, you get a small percentage of all their sales. If you thought they were the sh*t before everyone else did and bought their coins cheap you'd be doing very very well right now. This is why early coin holders become instant grassroots marketing for the band.

Got it. Pretty simple to understand actually. The process may have a little learning curve for the everyday user but I've seen my nephew use an Iphone at age 3 so I'm confident 13 - 60 year olds will have no problem.

[fuznutts]

BitShares Music is literally only one industry where BitShares' Toolkit will shake the status quo of monopolies...giving power back to the people who actually create value as opposed to those who chain them down.

Looking forward to this...

[delulo]

Looks great, but I don't like the pre-sale format where you are supposed to send coins without knowing what you'll get and may end up with a totally different amount to someone paying the same price the day before or afterwards. Its like a cross between a presale and a lottery -- and I'm not a gambler.

http://www1.agsexplorer.com/ here you can see what has been donated the last days and what is donated up to now today.

[HELP.org]

Im a music producer.

Hi,

You should be aware that many Bitcoiners think that all copyright laws should be eliminated.  Charlie Shrem, for instance, always references the origin of copyrights and  a few abuses before saying it should all be abolished.  A quote from another prominent Bitcoiner, Trace Mayer,

1. Should copyright exist?
1. No because I do not find any of the arguments I have read regarding the use of violence against someone merely for speech to be compelling and therefore it would violate the Non-Aggression Axiom but I remain minded to superior arguments. Additionally, copyright was invented as a tool for the State to suppress the free flow of ideas, is still being used as a tool to suppress ideas like with the raid on Kim Dotcom and is all done under color of law that is built on a very weak intellectual foundation for moral justification.

Many people with these ideas have attached themselves to Bitcoin as way of promoting their agenda.  They try to imply that people who use Bitcoin agree with this point of view so selling any kind of intellectual property for Bitcoin would be against their beliefs.  Of course many people don't believe that but the "wing nuts" are often like Kanye West at the VMA awards.

[kingcob]

Im a music producer.

You should be able to tell me this idea in a few sentences.

OK.
A platform that allows users to send money directly to the bands/artists. No middleman, reduced costs.
Incentivized fanbase. Turning passive listeners into active promoters and talent scouts.
We have tied price discovery with talent discovery.

If I cant figure it out, and I'm in the industry how the hell is someone from the public going to? Its not that theres anything bad. I just dont see where the focus for mass adoption is.

Fully agree sir!
For the next 60 days we are not interested in mass adoption.. AT ALL.
The only "important" people right now are people that have crypto-currencies and that can claim their stake in the DAC by sending it to our pre-sale btc address.
Our only focus right now is the crypto-community. They understand blockchain crowdfunding. We will not waste any funds on marketing outside this circle.

Now when the product approaches completion, THAT'S when you will see mainstream advertising campaigns.

I also feel you have it the wrong way around. THE PROBLEM with the music industry now is there is no filter down money effect. It now stays at the top. Masses of small, niche, and indie artists wont see a royalty check worth a damn ever. They are where your focus should be first. Getting them on board (which wouldnt be that hard) would then get their fanbases involved etc.

Well we are in luck, cuz that's exactly what this DAC + site intends to do.

eliminate most middle men.
No more itunes fees, credit card costs, etc.
transparant ledger (very useful for paying out or receiving royalties)

And we have a way for the small guy to get discovered. spending hours looking for new music is no longer a "waste of time". It is now a puductive income producing activity or an investmnet you could say.
We are turning the users into incentivized talent scouts. Once they discover a potentially good band, they have massive incentive to share around this kid's music and hope he becomes a star.

And btw we haven't even touched the Token Controlled Access features this platform allows.

Basically, everyone will be on equal ground. You will see the rebirth of the musical middle class ^^
Not only poor artists OR millionaire superstars. You will get everything in between since money goes directly from consumer to band. No middleman. and promoters are now done via P2P incentives.

[tonyk]

Is it only me that thinks this pre-sale is terribly undervalued?

I personally think that not buying into it is the equivalent of not selling 2 pizzas for 10,000 BTC. Only time will tell.

[profitofthegods]

Looks great, but I don't like the pre-sale format where you are supposed to send coins without knowing what you'll get and may end up with a totally different amount to someone paying the same price the day before or afterwards. Its like a cross between a presale and a lottery -- and I'm not a gambler.

http://www1.agsexplorer.com/ here you can see what has been donated the last days and what is donated up to now today.

Thanks.

[Yuzu]

How exciting!  So I have PTS, how do I claim my Bitshares Music notes?

[unsoindovo]

i know it is too early..
but i'm following notes subscription on https://blockchain.info/it/charts/received-per-day?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=37X8DHpfiimB7PU5y35rfBcg5Vxj2R6umL

averaging btcs/day on the graph i can see 30btc/day.
if each day are sold 5 millions note, i think 30btc/5 millions --> 600sat each note.

testz,
it is this correct?
or not?

thanks

[tonyk]

i know it is too early..
but i'm following notes subscription on https://blockchain.info/it/charts/received-per-day?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=37X8DHpfiimB7PU5y35rfBcg5Vxj2R6umL

averaging btcs/day on the graph i can see 30btc/day.
if each day are sold 5 millions note, i think 30btc/5 millions --> 600sat each note.

testz,
it is this correct?
or not?

thanks

I am not testz, but that is correct.

[testz]

...
testz,
it is this correct?
or not?

thanks

I am not testz, but that is correct.

  tonyk answer is correct.