What Eddie and I are building is a website where you can listen to music for free, but if you want to have a copy of the mp3, you must pay.
Free to stream, pay to download.
If you want to buy shares of a song, you must also pay. You will then get rewarded IF that song generates any sales.
Here, let me "leak" a section of the white paper. Please ignore the "Zenith Music Exchange" name since all our terminology is being revamped.
And let me add to this following section that there is a third type of listener. The ones that currently torrent because $0.99 is just a little bit to pricy for them. They would consider paying for a song if it were priced at say, $0.80.
anyway Here is the paste:
3.0 Incentives and advantages
The current economic model for buying music gives the listener two choices: one free, and one paying. People getting their music for free are the majority. People that pay for music do so for a variety of reasons but none of them involve self-interest. Our new model favours everyone's self-interests. Unlike the current one where artists hesitate before putting their music online for fear of file sharing / pirating, the Zenith Music Exchange now makes it profitable for the artist to upload and share everything he has.
What Zenith Music Exchange offers is to take the majority of people that normally just torrent music and turn them into music buyers. How so? By switching the incentives around. Buying music through the blockchain is now an action that promotes self-interest. If a user likes a song so much that he is willing to download it with the varying levels of hassle it entails (trojans / malware / viruses and the time required to find the files online), he most likely sees the value of that song. By buying a BitShare of that song directly from our website, he is invested in the song’s success. Every time the song is played or purchased, the new BitShareholder now sees the value of his portfolio rise and can cash out at any time!
A buyer can purchase a BitShare of a song, compensating the band in the process, for the sole reason that he will make money off it in the future. BitShares Music is harnessing the power of greed and putting it at the service of good. As for people already paying for their music, they will keep doing so, but will now get compensated financially for it. Currently, their good dead goes unrewarded. We personally like the idea of rewarding and incentivizing good, ethical and moral choices.