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Muse/SoundDAC / Re: Questions on the artistcoin details
« on: October 05, 2014, 04:55:54 pm »If PeerTracks will be successful there will be probably other PeerTracks sites that will open on Bitshare Music blockchain, different artists will issues Artistcoin in different PeerTracks clones websites that will be all over the world, diffrent regulations. So you'll have redundancy
If other PeerTracks-like sites opened up they would be competing with the original one (obviously), so why would they want to use the BitShares Music blockchain and support their competitors? They have zero incentive to do so. A competitor like iTunes could copy the business model and issue artistcoins just on their centralized website, which is where 99% of music fans will want to trade them anyway.
They will not support they competitor. They will just use the Blockhain Music mechanism, that is already in place and have all the advantages. You can look at the different websites like different music labels. They will fight to make artist use there website to issue artiscoin. Say PeerTracks China opens up, and they will mainly attract chinese artist to issues artistcoins and people buy music on their website. PeerTrack Us will attract people from US etc. The artist will chose where to issue he's artistcoin and most importantly to upload his music.
Sure Apple could do all that in centralize server, but the way it works now I wonder how much of that 1 dollar goes directly to the artist and how much goes to Apple ? Bitshare gives directly to the artist no middleman no big labels taking big cut etc.