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Offline tipon

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Is bitshares music about creating artificial scarcity ?
« on: April 23, 2014, 02:12:23 AM »

Hi, I'm new with bitshares and i been reading the messages in these forum, i have this question:
Is bitshares music about creating artificial scarcity?

Many thinkers support the idea of what is called "abundance logic" of internet , this means, that things can be replicated without costs and this is consequence of the structure of the distributed net and its topography.

Urrutia says that many companies are trying to create artificial scarcity but this is negative for the "abundance logic" .
Instead  of going against the logic of abundance we should promote it . Create technological infraestructures that promote it.

What do you think about this?

Dont you think bitshares music and a lot of development in crypto/bitcoin stuff is about creating artificial scarcity and this is in escense something bad for the interests of humanity ( logic of abundance) ?







« Last Edit: April 23, 2014, 02:24:09 AM by tipon »

bitbro

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Is bitshares music about creating artificial scarcity ?
« Reply #1 on: April 23, 2014, 02:34:17 AM »
It's also about convenience and a new type of marketplace for artists to sell shares in their music. (Think Centralized website with lots of music like iTunes or pandora and a new stock exchange like Nasdaq  for music).


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Offline onceuponatime

Re: Is bitshares music about creating artificial scarcity ?
« Reply #2 on: April 23, 2014, 02:41:26 AM »
"Urrutia says that many companies are trying to create artificial scarcity..."

Who or what is an "Urrutia"?

Offline toast

Re: Is bitshares music about creating artificial scarcity ?
« Reply #3 on: April 23, 2014, 02:46:32 AM »
I have no idea how bitshares music is encouraging scarcity, to the contrary I think the idea is that it frees artists to let their fans copy and share music ss much ss possible

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Offline tipon

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #4 on: April 23, 2014, 02:47:41 AM »
http://p2pfoundation.net/Abundance_Logic


"Urrutia says that many companies are trying to create artificial scarcity..."

Who or what is an "Urrutia"?

Offline tipon

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #5 on: April 23, 2014, 02:53:14 AM »
In order to sell you need to limitate the access to the music.
Bitshare music is based on a mechanism that limitates the number of copies that can be made.

Its creating artificial scarcity!


I have no idea how bitshares music is encouraging scarcity, to the contrary I think the idea is that it frees artists to let their fans copy and share music ss much ss possible

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Offline toast

Re: Is bitshares music about creating artificial scarcity ?
« Reply #6 on: April 23, 2014, 02:54:48 AM »
In order to sell you need to limitate the access to the music.
Bitshare music is based on a mechanism that limitates the number of copies that can be made.

Its creating artificial scarcity!


I have no idea how bitshares music is encouraging scarcity, to the contrary I think the idea is that it frees artists to let their fans copy and share music ss much ss possible

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But the whole point is that it's not! Unless I misunderstood their business model... that's why it is so innovative

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Offline tipon

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #7 on: April 23, 2014, 03:02:24 AM »
We need to be carefull with innovation and technological development. They both are not neutral.
We need to analyze if these innovations are good for society. Where do we want to go?
Which kind of consequences are gonna have these developments?


I think bitshares music promote scarcity and as consequence its very bad for the interest of humanity.

bitbro

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #8 on: April 23, 2014, 03:05:51 AM »
Tipon you are the next bytemaster!


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Offline donkeypong

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #9 on: April 23, 2014, 03:07:41 AM »
I disagree with the thinker who said that. Doesn't make any sense unless you're looking at a larger economic system or industry. You may want to take a basic Economics course.

When I think of artificial scarcity, something like DeBeers diamonds come to mind. They have such a monopoly over a glassy rock (which is not all that uncommon, just occurring in certain pockets they have control over). Diamonds should be worth peanuts, but that company instead has created artificial scarcity and marketed diamonds as being rare.

Bitshares Music will fill a niche that no one has touched yet. In this way, maybe it will make things a little LESS scarce (more accessible). Did you think iTunes was creating artificial scarcity? Far from it; I think iTunes opened up a simpler/cheaper access to music that wasn't there previously. And Apple made money through that disruptive business model. That's what we have here also; there is no scarcity being created with the DACs, only broader access to opportunities. That can be profitable and noble at the same time.

Offline toast

Re: Is bitshares music about creating artificial scarcity ?
« Reply #10 on: April 23, 2014, 03:08:39 AM »
We need to be carefull with innovation and technological development. They both are not neutral.
We need to analyze if these innovations are good for society. Where do we want to go?
Which kind of consequences are gonna have these developments?


I think bitshares music promote scarcity and as consequence its very bad for the interest of humanity.

You still haven't explained your point and you're assuming bitshares music works by selling copies of songs. Please do a more thorough argument because I still disagree.
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Offline Empirical1

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #11 on: April 23, 2014, 05:53:15 PM »
There is not really artificial scarcity as media on the internet can be easily copied and pirated.

I believe the main Bitshares Music DAC is based on the idea that fans want to support & fairly reward their favourite artists for their work but currently it is too expensive (Eg. Itunes) to pay for all the media we consume.
However this DAC goes beyond just introducing micro-payments to the space, but also rewards fans for helping to promote artists and performers - not just big record labels.

As a result, many, many more artists & unique voices, especially with small fan bases and in poorer countries will be supported, encouraged  & promoted which I personally think will make humanity more rich and diverse.

Offline Empirical1

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #12 on: April 23, 2014, 06:03:05 PM »
If we look beyond music,

Even the best media (eg. blockbuster movies) need adverts, posters, trailers & press interviews so that the average 'man in the street' knows they exist.
Right now only big companies (& their shareholders) have the funding & are incentivized to do this. As a result, most of humanity is living in a world where the main information they receive is mostly propaganda controlled by a few rich entities and truth is often relegated to the fringe.

I believe these kind of platforms, that Bitshares is pioneering, can level the playing field, helping communities reward & promote the truthtellers, potentially giving the best of them the funding and reach to have voices loud enough to compete with the MSM & thereby also reach the ears of the average 'man in the street' too.

What kind of a positive effect could that eventually have on humanity?

bitbro

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #13 on: April 23, 2014, 06:27:44 PM »
Side music question: do you think shareholders will get screwed by pump and dump schemes in BTS music?  Or will there be great benefit to 'hold' songs long term?


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Offline Agent86

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Re: Is bitshares music about creating artificial scarcity ?
« Reply #14 on: April 23, 2014, 06:30:07 PM »
To be honest, I haven't yet taken the time fully understand the incentive structure of BitShares Music; I do think the bitshares music and bitshares insurance DACs are somewhat complex and not immediately as intuitive as something like a bitshares Lotto.

Although the data that makes up a music file is not any more scarce than storing and transmitting any other data and can easily be copied, the time and attention of the listener is scarce.

My understanding is that you are rewarding or paying people who are able to bring good music to the attention of the listener who will enjoy it.  Essentially you will pay me money if I am great at bringing great music to your attention so you don't have to wade through a bunch of crap because your time and attention is valuable to you.

I don't think the goal is to restrict access to the music like most systems such as itunes do today.

 

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