Tired of market mechanics and fixes ? Tired of taking over Wall Street? Want to hear how music industry will be taken over ? Well here we go !!https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dac-edition-2014-10-03-starring-cedric-cobson
0:00 Cedric Cobban gets his mic working and it is showtime. He introduces himself and Itnom / Tautalent of BitSapphire.
1:03 Cob starts talking about where things have moved with the Bitshares Music DAC.
2:52 Talk about how dilution will be a feature of the Bitshares Music DAC.
3:49 Cob talks about the exact split as currently planned.
5:40 Discussion about how the web wallet being introduced will not be focused on crypto-types.
6:34 Will the DAC be independent of the website ? What is the interaction of Peertracks website with the DAC.
9:03 How will the storage of the files work ? Ownership? How is revenue from artists separated out from DAC revenue ?
10:55 What are NOTES ? More discussion about where revenue comes from. A very extensive description of how it will work.
17:40 How do the owners of the NOTES realize a profit ?
25:15 Itnom explains the evolution of the Music DAC idea and what his Ahhhh Ha! moment was.
27:42 How about moving this from audio to movies ?
30:50 Explanation of how an affiliate system will be used to generate revenue through links to help incentivize.
31:50 How about having enough capacity for infrastructure ? What all can be sold ?
35:00 Talk about piracy concerns and how the Music DAC would work internationally across the localized music sites. What all can be sold ? It can go to access to the artist ?
40:00 What PeerTracks is for.
41:13 Why not have all sales go to burning up the coins ?
44:00 How about insider trading on your own coin as an artist ? Fuz talks about being oiled up naked walking around.
45:44 Is a lightweight client needed to protect wealth in the DAC when used without a website ?
46:36 The artist can decide on what percentage is burned ?
49:45 Fuz brings up how a mother could buy up the shares of her bitCocaine addicted wannabe rockstar son and lift him up from his lowlieness.
50:46 How does Peertrack make money ?