+ how is that legally for an artist to issue shares in his success? As far as I understood, the artistcoinholders will get a share in the artist profits and not just some product like with kickstarter....
Yes that part is still the secret sauce.
The artist is not really sharing his profits. No dividends are actually paid out. It's the value of the artistcoin that can go up with sales of songs / albums. There is a mechanism in place that I'll explain on a later date.
Artistcoins will be like baseball cards.
Supply and demand dictate how much they are worth.
If everyone wants them, they are worth more.
if 99% of them get burned in a warehouse fire, they will also be a rare collectible with a higher price.
Don't worry I'll get to the details soon enough