Back from Washington DC

[Savi]

Thanks for everybody's concern, and sorry I didn't make announcement here :-[

We have upgraded both BitShares 2.0 and MUSE, and will allow deposits and withdrawals VERY SOON. (Trading is ongoing on our exchange and it won't influence the transition.)

Should anyone has any further questions, you can always find me by emailing to [email protected]. ;D

[cob]

when will muse be traded on an exchange?

already on yunbi...  :)

https://yunbi.com/markets/notecny

Are they trading the old notes tokens?  Has yunbi made s public statement to support muse and enable deposit/withdrawal to muse blockchain?

I have been contacted by Yunbi for the MUSE logo. I would assume they are upgrading but I have not had a reply since that request. I don't think they have upgraded to Graphene to allow BTS 2.0 is that correct?

I will ping them again.

[cube]

when will muse be traded on an exchange?

already on yunbi...  :)

https://yunbi.com/markets/notecny

Are they trading the old notes tokens?  Has yunbi made s public statement to support muse and enable deposit/withdrawal to muse blockchain?

[liondani]

when will muse be traded on an exchange?

already on yunbi...  :)

https://yunbi.com/markets/notecny

[Marky0001]

when will muse be traded on an exchange?

[Empirical1.2]

+5% Sounds good.

Peertracks is a separate, privately owned company right?

Can you clarify or point me to the explanation of how Peertracks aims to generate revenue and make it's shareholders money vs. MUSE. Thanks.

Yes sir.

So MUSE makes income from the fees. Keep in mind in the beginning the fees are kept very low to get a network effect and they can be gradually brought up once the industry realizes the value MUSE brings to the table.
- Every time a user signs up.
- Every smart contract written to MUSE (EACH song has a smart contract)
- Transaction fees on transferring Muse_USD, Artist Notes or Core Asset
-Every time the Automatic Royalty Payment splitter threshold is reached and there's a payout to all rights holders in the smart contract, it generates a transaction fee.
-MUSE core asset can be used as collateral to the USD. So the more economic activity happens through MUSE, the more Core assets are lock up as collateral.


PeerTracks makes its money from:
-Taking a cut for offering music downloads/merch/concert tickets, etc.
-Advertising
Pretty traditional (:

+5% Thanks for the quick and concise explanation.

[cob]

+5% Sounds good.

Peertracks is a separate, privately owned company right?

Can you clarify or point me to the explanation of how Peertracks aims to generate revenue and make it's shareholders money vs. MUSE. Thanks.

Yes sir.

So MUSE makes income from the fees. Keep in mind in the beginning the fees are kept very low to get a network effect and they can be gradually brought up once the industry realizes the value MUSE brings to the table.
- Every time a user signs up.
- Every smart contract written to MUSE (EACH song has a smart contract)
- Transaction fees on transferring Muse_USD, Artist Notes or Core Asset
-Every time the Automatic Royalty Payment splitter threshold is reached and there's a payout to all rights holders in the smart contract, it generates a transaction fee.
-MUSE core asset can be used as collateral to the USD. So the more economic activity happens through MUSE, the more Core assets are lock up as collateral.


PeerTracks makes its money from:
-Taking a cut for offering music downloads/merch/concert tickets, etc.
-Advertising
Pretty traditional (:

[Empirical1.2]

 +5% Sounds good.

Peertracks is a separate, privately owned company right?

Can you clarify or point me to the explanation of how Peertracks aims to generate revenue and make it's shareholders money vs. MUSE. Thanks.

[BunkerChainLabs-DataSecurityNode]

Awesome work!!!  +5%

One question.. ok a few.. what kind of artists are you looking to sign up? Are you looking for bigger names or indis looking to grow? Whats the cost involved for the artists? Is there any kind of 'refer' in there also for getting artists signed up as 'members' if there is such a thing.

Looking for small indie artists first to test out to platform and report bugs and things of the sort.
There is no referral program in MUSE since the fees are quite low. We are trying to get the music industry on board and show them how they can AVOID the high fees which come with a thousand middlemen.
MUSE must always stay profitable of course, but in the early days, it's all about getting people on board,  funding their account in muse_USD, and buying and trading artist Notes.
Fees will eventually be for creating your smart contracts and creating your Notes as an artist.
Those fees will go to the network and not a referrer. There will not be a referrer. At least not yet!

Ok thanks.. I was just trying to see if there was some way I could align our bunker media studio with this as part of  their recordings here. We don't have much happening right now with that but with everything else at the bunker becoming blockchain it's a good fit. Feel free to contact us if you need assistance with anything.

[cob]

MUSE must always stay profitable of course, but in the early days, it's all about getting people on board,  funding their account in muse_USD, and buying and trading artist Notes.

Is muse_USD smartcoin or IOU?

smartcoin .. a.k.a. market pegged asset

Correct

[xeroc]

MUSE must always stay profitable of course, but in the early days, it's all about getting people on board,  funding their account in muse_USD, and buying and trading artist Notes.

Is muse_USD smartcoin or IOU?

smartcoin .. a.k.a. market pegged asset

[clayop]

MUSE must always stay profitable of course, but in the early days, it's all about getting people on board,  funding their account in muse_USD, and buying and trading artist Notes.

Is muse_USD smartcoin or IOU?

[cob]

Awesome work!!!  +5%

One question.. ok a few.. what kind of artists are you looking to sign up? Are you looking for bigger names or indis looking to grow? Whats the cost involved for the artists? Is there any kind of 'refer' in there also for getting artists signed up as 'members' if there is such a thing.

Looking for small indie artists first to test out to platform and report bugs and things of the sort.
There is no referral program in MUSE since the fees are quite low. We are trying to get the music industry on board and show them how they can AVOID the high fees which come with a thousand middlemen.
MUSE must always stay profitable of course, but in the early days, it's all about getting people on board,  funding their account in muse_USD, and buying and trading artist Notes.
Fees will eventually be for creating your smart contracts and creating your Notes as an artist.
Those fees will go to the network and not a referrer. There will not be a referrer. At least not yet!

[BunkerChainLabs-DataSecurityNode]

Awesome work!!!  +5%

One question.. ok a few.. what kind of artists are you looking to sign up? Are you looking for bigger names or indis looking to grow? Whats the cost involved for the artists? Is there any kind of 'refer' in there also for getting artists signed up as 'members' if there is such a thing.

[Musewhale]

We told Bytemaster to go ahead with it. We are not here to impress the crypto crowd. We are here to impress the music industry and as a side effect, bring Graphene, its community and crypto in general to the mainstream.

i like this, crypto crowd guncu :-\ :-\ :-\

don't forget where your ipo money came from.

From what I see .. they are working harder for your ROI than you do

crypto crowd more concerned about speculation
It is difficult to provide assistance in the work

[Ben Mason]

Cob, you are doing really really amazing work.  Thank you for the update.  Really well done!

[Ben Mason]

That is sad news...thinking of you Eddie.

"Although it's difficult today to see beyond the sorrow,
May looking back in memory help comfort you tomorrow."   (Author Unknown)

[Riverhead]

Great work Cob! Keep it up! The crypto crowd will find something to kvetch about no matter what you do so just keep on keeping on :). I am exited to see this all unfold and which artists will be the brave pioneers of a new business model.

My condolences to you Eddie, and your family. I lost my father while on a business trip and it really does turn your world upside down.

[cass]

man ... as i saif before ..want to express my deep condolences :(
Thank you cob for the update .. sounds promising .. let me know if i can be of any assistence ..

c

[xeroc]

We told Bytemaster to go ahead with it. We are not here to impress the crypto crowd. We are here to impress the music industry and as a side effect, bring Graphene, its community and crypto in general to the mainstream.

i like this, crypto crowd guncu :-\ :-\ :-\

don't forget where your ipo money came from.

From what I see .. they are working harder for your ROI than you do

[lzr1900]

We told Bytemaster to go ahead with it. We are not here to impress the crypto crowd. We are here to impress the music industry and as a side effect, bring Graphene, its community and crypto in general to the mainstream.

i like this, crypto crowd guncu :-\ :-\ :-\

don't forget where your ipo money came from.

[springlh]

 +5% +5%

[Musewhale]

We told Bytemaster to go ahead with it. We are not here to impress the crypto crowd. We are here to impress the music industry and as a side effect, bring Graphene, its community and crypto in general to the mainstream.

i like this, crypto crowd guncu :-\ :-\ :-\

[cube]

Thanks for sharing an exciting story.  Getting some artists to try out muse now.  Perfect!

[donkeypong]

Great job. Right on!

[DMo09]

Thanks for the update.  Keep up the good work, and keep us posted!
+5%

[cob]

Hello everyone.

As you know, Eddie and I went to Boston on october 2nd to attend Berklee's Fair Music Open Forum.
Although we got great feedback from most, some people (even panelists) thought what we proposed as a solution to the music industry's problem was far fetched, "pie in the sky" and decades away from being possible.

As announced last month, I was invited to speak on a panel at the Future of Music Policy Summit at Georgetown University in Washington DC. Eddie and I decided to move the MUSE blockchain launch date from November, to the day of the Panel talk so that no one could say we are talking sci-fi star trek bs.

We spoke with Cryptonomex and it was technically possible... although it would be rushed and many MUSE specific features would have to be added to it later.
We told Bytemaster to go ahead with it. We are not here to impress the crypto crowd. We are here to impress the music industry and as a side effect, bring Graphene, its community and crypto in general to the mainstream.

So Eddie and I prepared to invade and conquer DC. All was going well, although that hurricane was threatening to cancel a bunch of Texan flights. It turns out that hurricane was dwarfed by some bigger issue for us... Eddie's father, a prominent figure in the city of Houston, passed away.
I won't go into details regarding Eddie's personal or family life. Just know that it was impossible for him to attend the DC event we had prepared for.
I had 24 hours to adapt to this turn of events. (What a crazy day that was)

The conference itself was nuts! It turned out to be the best event we attended so far for the PeerTracks/MUSE project!
After the 2 days (which included my panel, the networking cocktail and VIP closing show) were over, every single person knew what PeerTracks was. Keep in mind the attendees were no small fish! Representatives of Congressmen, CEOs of large music companies, Music law firms, etc. All well connected people.
Minds where blown and we have more meetings than I know what to do with right now haha!
In fact, I JUST got home and I need to book my trip to New-York City where Eddie and I are meeting big fish next week. No breaks! Launching the chain on Monday was well worth it!!!

We are now moving on to the invite only artist sign up phase of the project.
We will soon manually create the profiles of some pioneer artists that want to take the platform of a spin. This will be our version of alpha testing and we will see how everything flows between MUSE and PeerTracks. It will bring light traffic to MUSE while we perfect the whole thing. As you must have noticed the GUI of the wallet is still purely financial so that will be made to reflect the non-techie nature of our future users.

I'm swarmed and exhausted. I'm off to recharge. It will be good to get my partner back so we can prepare to invade NYC Texas style!