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General Discussion / Re: [ANN] NEW MONEY: The iTunes of Blockchain (powered by Bitshares) + SOLCERT ICO
« on: May 03, 2016, 01:25:06 am »I'll post the same questions here, that were not responded to at bitcointalk:
This project seems like an overly complicated take on micropayments to which the new currency, Sollars, adds very little (do you have any thoughts on this?).
Good answers to a few questions would help ameliorate my skepticism:
1) You seem to have no experience with any kind of tech startup or blockchain project. Do you bring anything other than marketing to this project?
2) Why should anyone give you/your organization 10-20% of the earnings from their films when this whole payment process could easily be entirely decentralized? What is that fee for and why should it not go to the content creators? In short, why do content creators need you at all?
3) You seem to be using terms "DAC" and "blockchain" as equivalents, which is not how I understand them. Could you clarify what you mean by DAC and how a DAC fits into your long term plan?
4) Your analogy to Uber is problematic. Anyone with a car can be a taxi driver via Uber. Not just anyone can create high quality media content. Making blockbuster TV shows and films takes massive teams of people and large upfront investments. It seems to me that the success of your project depends crucially on convincing wealthy producers that your system will make them more money than the system already in place. How will you do this?
My two cents on 4).
Hip Hop, an underground urban movement, develop in the South Bronx in New York City in the 1970's, became globally widespread in the late 1980s and by the 2000s became the most listened-to musical genre in the world (according to Spotify). It has now diversified into a global juggernaut with multi-million dollar tentacles into other music genres, the fashion industry, movies, gaming, advertising, etc. Who would have ever believed it all started in the 'hood from humble ultra-low budget verbose expressions of street life?
The Hollywood movie and television industries' control and rigidity is just so outdated. Unless you're totally into cookie cutter movies, fake reality shows, computer scripted news and sportscasts, etc. More power to grain cutters like Sollywood. Amateur productions riding the blockchain wave will lead the revolution.
Wisdom. Thanks for it