BitShares Music + PeerTracks (Pre-sale launch)

[robrigo]

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

Agreed, this DAC is very exciting based on its potential & I am even more confident in the project after meeting the team. If you held PTS in a local PTS wallet during the snapshot- wait for the BitShares Music Proto DAC to launch and then import your PTS wallet keys into the client. From what I understand, this won't be launched until Bitsapphire has completed development on the PeerTracks web app.

If you had PTS on an exchange that honored the Oct. 10 snapshot (Poloniex, BTER, probably BTC38?) then they will end up in your account on that exchange shortly after the DAC is launched.

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[testz]

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

If you had PTS on an exchange that honored the Oct. 10 snapshot (Poloniex, BTER, probably BTC38?) then they will end up in your account on that exchange shortly after the DAC is launched.

BTC38 honor snapshot. Only cryptsy doesn't honor any snapshots.

[Yuzu]

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

Agreed, this DAC is very exciting based on its potential & I am even more confident in the project after meeting the team. If you held PTS in a local PTS wallet during the snapshot- wait for the BitShares Music Proto DAC to launch and then import your PTS wallet keys into the client. From what I understand, this won't be launched until Bitsapphire has completed development on the PeerTracks web app.

If you had PTS on an exchange that honored the Oct. 10 snapshot (Poloniex, BTER, probably BTC38?) then they will end up in your account on that exchange shortly after the DAC is launched.

Thanks.  I always keep my PTS in my local wallet so I don't miss a snapshot.  I didn't even know the exchanges honored snapshots.  Cool.

[CoinHoarder]

I am pretty excited about this... this is IMO one of the more exciting Bitshares DACs. I love music and block chain technology, it's a marriage made in heaven! It will put more money in artists pockets and give fans a way to easily invest in artists. If this catches on it could disrupt the music industry and be a very profitable DAC.

I like indie music so I think I may be able to find a few diamonds in the rough before an artist gets big and potentially profit from that.. so that'd be cool too. I have definitely caught on to at least a few bands before they made it big.

[unsoindovo]

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

thanks

I am not testz, but that is correct.

  tonyk answer is correct.

thanks tonik and testz :-)

i'm reading on bitsharestalk but nothing ETA for wallet...
any news?

[unsoindovo]

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

If you had PTS on an exchange that honored the Oct. 10 snapshot (Poloniex, BTER, probably BTC38?) then they will end up in your account on that exchange shortly after the DAC is launched.

BTC38 honor snapshot. Only cryptsy doesn't honor any snapshots.

i think poloniex and Bter too!

[testz]

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

thanks

I am not testz, but that is correct.

  tonyk answer is correct.

thanks tonik and testz :-)

i'm reading on bitsharestalk but nothing ETA for wallet...
any news?

No ETA, but I think they will run the network soon after pre-sale will finish. Maybe we will see few test runs, but if it's 90% clone of BitSharesX it's not necessary.

[unsoindovo]

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

thanks

I am not testz, but that is correct.

  tonyk answer is correct.

thanks tonik and testz :-)

i'm reading on bitsharestalk but nothing ETA for wallet...
any news?

No ETA, but I think they will run the network soon after pre-sale will finish. Maybe we will see few test runs, but if it's 90% clone of BitSharesX it's not necessary.

testz,
I know i'm OT bit
do you know some bitshareX multipool?

[testz]

testz,
I know i'm OT bit
do you know some bitshareX multipool?

Only this one https://bitsharestalk.org/index.php?topic=6236.0
But unfortunately it's not ready yet 

[tonyk]

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

thanks

I am not testz, but that is correct.

  tonyk answer is correct.

thanks tonik and testz :-)

i'm reading on bitsharestalk but nothing ETA for wallet...
any news?

No ETA, but I think they will run the network soon after pre-sale will finish. Maybe we will see few test runs, but if it's 90% clone of BitSharesX it's not necessary.

I do not see the need for the pre-sale to finish before the wallet is released.
But I will follow this with my usual disclaimer - I am not the developer and I have nothing to do with them, other then trusting their words, so far.

[saddambitcoin]

Bought some Notes, Let's get it! *jeezy voice

[unsoindovo]

Bought some Notes, Let's get it! *jeezyskte]

Hem Hem... Bought... You mean who you have subscribed notes sending btc to 37X8DHpfiimB7PU5y35rfBcg5Vxj2R6umL.
Or there are some ico exchange opened?

[saddambitcoin]

Bought some Notes, Let's get it! *jeezyskte]

Hem Hem... Bought... You mean who you have subscribed notes sending btc to 37X8DHpfiimB7PU5y35rfBcg5Vxj2R6umL.
Or there are some ico exchange opened?

I sent some BTC to the pre-sale address.

[Tradingriver]

maybe in the beginning the value will be low and you can buy your NOTES after release.

[robrigo]

To all interested in the pre-sale:

You can track the current approximate NOTES / BTC donated on http://www1.agsexplorer.com/

Looks to me that the daily donation average may be heading upwards again! Get your NOTEs while they are cheap!

[CoinFreedom]

Notes are also the collateral for the BitUSDs used to purchase music, merch and whatever else the artist will decide to sell from the sites plugged into the Music blockchain. The more BitUSD are in existence, the more collateral is needed (demand for Notes = price rise)

Could you explain this in more detail, please? This seems to be the main way that notes are meant to gain value but I'm having difficulty wrapping my head around what you mean. Say I'm a merchant selling Foo Fighters t-shirts on the blockchain. Do I need to purchase notes to do so?

[Xeldal]

Great interview on Bitcoins and Gravy.

https://www.reddit.com/r/Bitcoin/comments/2jsubf/bitcoins_and_gravy_episode_38_bitshares_music/
https://soundcloud.com/bitcoins-and-gravy/bitcoins-and-gravy-episode-38-bitshares-music-foundation

Answered a lot of questions I had.  Very excited about this.

[vector.iso]

trying to understand this, but I'm not convinced this would actually generate any significant amount of revenue.  I don't see how you're going to attract the large amounts of artists and fans who would be necessary to allow this ecosystem survive.  

I like the innovation, even if I'm still not totally clear on it, but it seems to me that what you're really building here, blockchains aside, is a social network.  so for that you really need to sell us on the marketing strategy.

[kingcob]

i'm a music producer/recording artist.  

trying to understand this, but I'm not convinced this would actually generate any significant amount of revenue.  I don't see how you're going to attract the large amounts of artists and fans who would be necessary to allow this ecosystem survive.  

I like the innovation, even if I'm still not totally clear on it, but it seems to me that what you're really building here, blockchains aside, is a social network.  so for that you really need to sell us on the marketing strategy.

Have you read the non-technical paper?
Can you tell me your exact concerns?

It's all about aligning incentives. Artists are coming to us, we don't need to go to them.

That being said, we ARE going to them anyway haha. A lot we can't disclosure yet.

[HELP.org]

i'm a music producer/recording artist.  

trying to understand this, but I'm not convinced this would actually generate any significant amount of revenue.  I don't see how you're going to attract the large amounts of artists and fans who would be necessary to allow this ecosystem survive.  

I like the innovation, even if I'm still not totally clear on it, but it seems to me that what you're really building here, blockchains aside, is a social network.  so for that you really need to sell us on the marketing strategy.

Bitcoin is experimental and in beta.  this is an experimental system on top of that.

Basically you create your own social network.  You can issue a "coin" or "shares" in your artist sort of like crowdfunding.  Since people own a "piece" of the artist they theoretically promote them in order to sell their "shares" at a higher value at some point.  you can offer coins for actions like commenting on a  story, purchasing products, etc. and you can redeem the coins too for whatever.

While system uses the decentralized blockchain, but the artist is not.  To offer a "coin" or "shares" for an IPO opens up so many legal questions I would not know where to start.  You could be seen as an administrator of a digital currency by FinCEN, offering a security by the SEC, a commodity by the Commodity Futures Trading commission, State laws, ... they mention Napster in the white paper but they failed to mention the total legal fees it generated.