We also get to talk with Eddie Corral and Cédric Cobban of Bitshares Music for an introduction to what’s to come as they offer us a sneak peek at a new music platform that just might give iTunes and Amazon a run for their money, or a run for their bitcoins anyway! Hop on the tour bus and join the band next time you listen to your favorite music. Bitchares Music lets you become the fifth Beatle!
We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
Good to hear that.
Suggestion: Accept BTSX/BitUSD/BitBTC/BitCNY for your Pre-Sale.
good idea +5%We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
Good to hear that.
Suggestion: Accept BTSX/BitUSD/BitBTC/BitCNY for your Pre-Sale.
Good idea~
Suggestion: Accept BTSX/BitUSD/BitBTC/BitCNY for your Pre-Sale.But we don't want to have the same fiasco that maidsafe/mastercoin ran into .. we/you need to thing carefully about this
We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
Good to hear that.
Suggestion: Accept BTSX/BitUSD/BitBTC/BitCNY for your Pre-Sale.
We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
Eddie and cob announced their groundbreaking entry into the Bitshares Music family in New York today
We will have video of their presentation for you in a day or three.
He split his shares with Bitshares 50/50 which gets you
25% PTS
25% AGS
The other half honors the coin he had planned to use before meeting us in Texas - Zenithcoin
Why so fast :( btsx did Not Meet my expectations
Yes the plan changed. About 10 times. Each time coming out better with even more potential.What is your legal approach here (to not get problems with the SEC)?
Zenith coin has nothing to do with this project.
We are only going to be accepting Bitcoin for the Pre-sale for now. Simple and straight forward AGS style method with a touch of Ethereum's way.
Yes the plan changed. About 10 times. Each time coming out better with even more potential.
Zenith coin has nothing to do with this project.
We are only going to be accepting Bitcoin for the Pre-sale for now. Simple and straight forward AGS style method with a touch of Ethereum's way.
We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
Plan changed?Eddie and cob announced their groundbreaking entry into the Bitshares Music family in New York today
We will have video of their presentation for you in a day or three.
He split his shares with Bitshares 50/50 which gets you
25% PTS
25% AGS
The other half honors the coin he had planned to use before meeting us in Texas - Zenithcoin
We are!
The name will be announced in a few days.
With the landing page where you can get all the info you can read ^^
Also the white paper yes!
There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.
10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha
Plan changed?Eddie and cob announced their groundbreaking entry into the Bitshares Music family in New York today
We will have video of their presentation for you in a day or three.
He split his shares with Bitshares 50/50 which gets you
25% PTS
25% AGS
The other half honors the coin he had planned to use before meeting us in Texas - Zenithcoin
Hopefully cob meant at least 10% for AGS and PTS. Otherwise that's not good for initial donors and stakeholders :(
Yes the plan changed. About 10 times. Each time coming out better with even more potential.
Zenith coin has nothing to do with this project.
We are only going to be accepting Bitcoin for the Pre-sale for now. Simple and straight forward AGS style method with a touch of Ethereum's way.
10% for AGS and PTS respects the social contract so it is good, for everybody.
Any chance you guys will reconsider the allocation to PTS and AGS to be 15% or 20%? Please? I think 10% wouldn't really be fair and will disappoint a lot of people. Many people donated and invested thinking that Bitshares Music would be one of the most important core Invictus DACs, like Bitsharss DNS which is giving at least 20% to each, probably significantly more depending on dilution.... once again ... invictus simply does not have a product besides the toolkit ... they do not have a 'core DAC' ... DACs are launched by independent startups
Any chance you guys will reconsider the allocation to PTS and AGS to be 15% or 20%? Please? I think 10% wouldn't really be fair and will disappoint a lot of people. Many people donated and invested thinking that Bitshares Music would be one of the most important core Invictus DACs, like Bitsharss DNS which is giving at least 20% to each, probably significantly more depending on dilution.... once again ... invictus simply does not have a product besides the toolkit ... they do not have a 'core DAC' ... DACs are launched by independent startups
+5%10% for AGS and PTS respects the social contract so it is good, for everybody.
It "respects" it but why should anybody give everytime the minimum he can?
Hope it ends with a greater % ...
I realy hope cob don't use his smartphone
before tipping his Server at a Restaurant... :P
PS but if he did, here is a great site: http://www.wikihow.com/Tip-Your-Server-at-a-Restaurant
Does this make sense?*confirmed* and *agreed*
Think of it this way.
Would you rather have 20% of a crapcoin or 10% of a billion dollar DAC?
Think of it this way.
Would you rather have 20% of a crapcoin or 10% of a billion dollar DAC?
In order for this to be a serious project we have to pay for QUALITY developers, expert legal counsel and of course, marketing. The Pre-Sale is what opens up the gates to the big boy world.
Sure we can just launch a DAC with NONE of that and give it all to you, here you go, take 90% of the worthless fork!
I guarantee you that with the funds amassed by the pre-sale, we will be in a position to launch a blockchain that actually has value.
So the options are not 10% of gold or 20% of gold. where we decided to give as little as possible.
The real world options are:
Do we give 20% of a valueless, plain ol altcoin or do we use 10% to make the final 10% into gold?
These are the real world options, take your pic.
Does this make sense?
Think of it this way.
Would you rather have 20% of a crapcoin or 10% of a billion dollar DAC?
In order for this to be a serious project we have to pay for QUALITY developers, expert legal counsel and of course, marketing. The Pre-Sale is what opens up the gates to the big boy world.
Sure we can just launch a DAC with NONE of that and give it all to you, here you go, take 90% of the worthless fork!
I guarantee you that with the funds amassed by the pre-sale, we will be in a position to launch a blockchain that actually has value.
So the options are not 10% of gold or 20% of gold. where we decided to give as little as possible.
The real world options are:
Do we give 20% of a valueless, plain ol altcoin or do we use 10% to make the final 10% into gold?
These are the real world options, take your pic.
Does this make sense?
I hear you and agree that it's critical to have a successful fundraising.
But something to consider is whether allocating 10% only to PTS/AGS would really maximize the pre-sale. I think the people most likely to participate as donors/investors and to drum up support for the fundraising are the PTS and AGS holders themselves. These early donors/investors are the ones who best understand the potential of this music DAC, who are familiar with the BitShares approach, and who are proven donors.
In my view, going from an earlier stated 25% to 10% could piss off some PTS and AGS holders and maybe lead to lower funding than you could get by keeping them reasonably happy. For example, 15% for each would be far better than 10% (50% higher amount), but it would only reduce the rest of the allocation from 80% to 70%. Is that extra 10% really going to make a big difference for the pre-sale? I can see how losing the goodwill of PTS, AGS holders could easly cost more than 10% of fundraising.
Think of it this way.
Would you rather have 20% of a crapcoin or 10% of a billion dollar DAC?
In order for this to be a serious project we have to pay for QUALITY developers, expert legal counsel and of course, marketing. The Pre-Sale is what opens up the gates to the big boy world.
Sure we can just launch a DAC with NONE of that and give it all to you, here you go, take 90% of the worthless fork!
I guarantee you that with the funds amassed by the pre-sale, we will be in a position to launch a blockchain that actually has value.
So the options are not 10% of gold or 20% of gold. where we decided to give as little as possible.
The real world options are:
Do we give 20% of a valueless, plain ol altcoin or do we use 10% to make the final 10% into gold?
These are the real world options, take your pic.
Does this make sense?
Yes the plan changed. About 10 times. Each time coming out better with even more potential.What is your legal approach here (to not get problems with the SEC)?
Zenith coin has nothing to do with this project.
We are only going to be accepting Bitcoin for the Pre-sale for now. Simple and straight forward AGS style method with a touch of Ethereum's way.
Who did the backend programming for BitShares Music (modifying the toolkit)?
whats this?
http://peertracks.com/
google cache:
http://webcache.googleusercontent.com/search?q=cache:ZBBqWQ7N5SQJ:peertracks.com/+&cd=21&hl=sv&ct=clnk&gl=se
edit://
google cache tells some info :)
facebook:
https://www.facebook.com/PeerTracks
twitter:
https://twitter.com/PeerTracks
Gotcha
btw .. thats me .. notice my avatar? @fuzz: guess what instrument I can play :)
(http://i.imgur.com/k4rlWtD.png)
whats this?
http://peertracks.com/
Was an easy one .. i used google withwhats this?
http://peertracks.com/
xeroc, I'm curious. How did you find this? Did you simply manage to guess the name? If you used other methods I'd love to know what you did.
:o
PeerTracks will be launching a blockchain of it’s own soon: the BitShares Music blockchain. It’s unit is the Note
10% of all Notes are going to the holders of BitShares PTS.
10% to those that donated to the BitShares AGS address.
45% to those that purchase Notes in our Pre-Sale
5% to our development team (Bitsapphire)
5% to the founders
25% to the PeerTracks corporation
:( and suddenly the page is offline again ... let's wait :)
I donated a fair bit after 28 Feb, and also bought PTS as Stan and co were touting the 'Core DACs' which would be delivered by Invictus or teams funded/ closely related to Invictus. Now it seems I would have been better off holding onto that BTC and donating individually.That might be but isn't clear yet. The presale could be very big and others are Dacs are doing to honor AGS/PTS too.
Bitshares Me better make it worthwhile for us.
"Notes are not equity in a corporation, they are not stock, they will not entitle anyone to dividends in the PeerTracks company, in fact they have no direct relation to the PeerTracks corporation. These are two separate, independent entities. PeerTracks uses the BitShares Music blockchain and adds value to the network just as Bitpay uses the Bitcoin blockchain and adds value to that. One does not own the other....When you send funds to our Bitcoin address, you are merely purchasing tokens that will enable you to use the BitShares Music blockchain when it launches."
I dont understand this. I thought the whole point of DAC's is there is no true corporation behind the scenes and the shareholders get the profits from the DAC....
While i love the idea of the music DAC i would prefer to own a peice of the DAC not another altcoin aka token.
This DAC seems to not be one so what am I missing?
I interpret this as PeerTracks being a corporation to facilitate mass market adoption of the BitShares Music DAC. Maybe a similar role to DACSunLimited with BitSharesX? Although I don't know that the developers will be hired directly by PeerTracks or what; I assume not since they are separate parts of the initial allocation. The DAC still has a decentralized life of it's own and the NOTE is still a tradable commodity / token (like BTSX). As the DAC becomes more popular and provides a valuable service, NOTEs go up in value. PeerTracks will exist to make the DAC popular, educate people about it, maybe drive creation of tools to make the DAC user friendly for the average consumer, etc.
Those are just my musings though; not sure what the plan really is.
10% of all Notes are going to the holders of BitShares PTS.
10% to those that donated to the BitShares AGS address.
45% to those that purchase Notes in our Pre-Sale
5% to our development team (Bitsapphire)
5% to the founders
25% to the PeerTracks corporation
This is what you will be spending/earning on PeerTracks. User’s will convert their funds (USD, Euro, CAD, Peso, etc) into a form that is readable by the Bitshares Music Blockchain: BitUSD. Blockchains have very low transaction fees compared to banking institutions and credit card companies or even paypal. This allows for micro transactions which in turn allows the free flow of funds from fan to artist without anyone in the middle taking a huge cut.
"It has price stabilityThat’s right. The holy grail for many: a crypto-currency without volatility. The Notes themselves are just like any other crypto-token, they can fluctuate… wildly. Market pegged bitassets on the other hand will not. This means that customers that come to the PeerTracks website, people that are here to shop for music not to day trade, can now benefit from all the advantages crypto-currencies have to offer, without being exposed to the volatility. When they fund their account with 20 USD of fiat, they get 20 BitUSD. This is what they spend while shopping for music. They can leave the funds in their wallet for months, come back, and it will still be there, unchanged, and yet they still benefit from the low transaction fees and all the other benefits that come with crypto."
An artistcoin’s value is determined by supply and demand. PeerTracks has a system in place that ties the sale of content (music) to supply and demand. Meaning the more music the artist sells on the website, the more his artistcoin should be worth.
Say you find an artist early on, before he is popular, you like his music and decide to buy his coin. If that artist goes mainstream and starts selling music on PeerTracks, his artistcoins should each be worth more now then when you purchased them.
"Notes are not equity in a corporation, they are not stock, they will not entitle anyone to dividends in the PeerTracks company, in fact they have no direct relation to the PeerTracks corporation. These are two separate, independent entities. PeerTracks uses the BitShares Music blockchain and adds value to the network just as Bitpay uses the Bitcoin blockchain and adds value to that. One does not own the other....When you send funds to our Bitcoin address, you are merely purchasing tokens that will enable you to use the BitShares Music blockchain when it launches."
I dont understand this. I thought the whole point of DAC's is there is no true corporation behind the scenes and the shareholders get the profits from the DAC....
While i love the idea of the music DAC i would prefer to own a peice of the DAC not another altcoin aka token.
This DAC seems to not be one so what am I missing?
Quote10% of all Notes are going to the holders of BitShares PTS.
10% to those that donated to the BitShares AGS address.
45% to those that purchase Notes in our Pre-Sale
5% to our development team (Bitsapphire)
5% to the founders
25% to the PeerTracks corporation
How does the delegates get paid
So the BitUSD mentioned here is from Music rather than X, right？
Are you sure the market peg will work？
So my question should be i guess
If a song is sold for $.99 with a $.01 transaction fee what percent after that goes to the artist and what goes to the DAC? Then does the DAC pay PeerTracks LLC for services such as running the website from its profit from sales? Or is it the other way around where PeerTracks LLC is getting the profit from the sale at the the website and all that is going to the DAC is a $.01 burn in transaction fees?
I don't get it :QuoteAn artistcoin’s value is determined by supply and demand. PeerTracks has a system in place that ties the sale of content (music) to supply and demand. Meaning the more music the artist sells on the website, the more his artistcoin should be worth.
Say you find an artist early on, before he is popular, you like his music and decide to buy his coin. If that artist goes mainstream and starts selling music on PeerTracks, his artistcoins should each be worth more now then when you purchased them.
I don't understand why artistcoin it is worth more if is is successful ? So ok I buy the artistcoin because you want to help fund the artist career. Now I have the coin so what ? What's the artiscoin give me back ? Why somebody would want to buy it from me ? what are his incentives ?
This part is pretty essential on peertraks system and at first glance it is not clear at all why I artistcoin has value.
Sorry if the information is there and i missed it.
Xeroc.. I don't know how old you are.. but maybe you can guess what line comes with this pic:
While we wait, why not play the guessing game. Oh and the site is up, although not all content is up to date, so if you find it, keep that in mind ^^
So do shareholders of the BitShares Music DAC only earn on burned tx fees or do the BitSharesMusicShares also get value from something else (e.g. because you can only buy Artistcoins with BitSharesMusicShares or BitSharesMusicShares-holders get a percantage (the 0.04 cents?) from the ArtistShares)?
So my question should be i guess
If a song is sold for $.99 with a $.01 transaction fee what percent after that goes to the artist and what goes to the DAC? Then does the DAC pay PeerTracks LLC for services such as running the website from its profit from sales? Or is it the other way around where PeerTracks LLC is getting the profit from the sale at the the website and all that is going to the DAC is a $.01 burn in transaction fees?
keep in mind these are fictitious %s and #s for the sake of simplicity
If a song sells for 1 BitUSD (FROM the PeerTracks website), a couple of things happen.
If the artist selling the song does NOT have an artistcoin out there, this is what happens.
0.95 BitUSD goes to the artist's wallet.
0.04 BitUSD goes to PeerTracks for bandwidth cost and the likes (costs will need to be calculated closer to launch once less variables are present)
0.whatever the transaction fee is on the blockchain is going to be the well... transaction fee. Which is what gets burned and "returned" to the shareholders, just like in BitSharesX
Now if the person selling the song DOES have an artistcoin out there (meaning he created his own token and sold it to his fans)
Things are different. The artist will not be getting 0.95 BitUSD, he will be getting 0.95 MINUS what going towards his coinholders. I will go into this later.
One of the features we are exploring as far as transaction fee is setting a higher transaction fee for any transfer except artistcoins.
This means the DAC shareholders would profit more from BitUSD transfers (music sales) but the fees would stay very low when Jimmy and timmy are exchanging Snoopcoin for One Direction coin in the schoolyard on their smartphones.
We want to create 10000 dogecoin like economies each revolving around band/singer it's fandom and it's fan club. Keeping low token transfer fees would help that, where we really want to charge off of music sales to pay for service costs + network costs, etc.
Xeroc.. I don't know how old you are.. but maybe you can guess what line comes with this pic:
Now you are blaming ME that i played YOUR game? Are are serious?While we wait, why not play the guessing game. Oh and the site is up, although not all content is up to date, so if you find it, keep that in mind ^^
I'd love to support your platform .. but why threaten me? because I 'leaked' your domain? and google has it cached? for real?
“Clever Girl” is a catchphrase that can be used to express respect or admiration for something has demonstrated substantial intelligence.
Xeroc.. I don't know how old you are.. but maybe you can guess what line comes with this pic:
Now you are blaming ME that i played YOUR game? Are are serious?While we wait, why not play the guessing game. Oh and the site is up, although not all content is up to date, so if you find it, keep that in mind ^^
I'd love to support your platform .. but why threaten me? because I 'leaked' your domain? and google has it cached? for real?
Xeroc... the line was "Clever girl"
Far from a threat lol. I guess you are a bit too young for the 1993 reference! my bad ^^
http://knowyourmeme.com/memes/clever-girlQuote“Clever Girl” is a catchphrase that can be used to express respect or admiration for something has demonstrated substantial intelligence.
So do shareholders of the BitShares Music DAC only earn on burned tx fees or do the BitSharesMusicShares also get value from something else (e.g. because you can only buy Artistcoins with BitSharesMusicShares or BitSharesMusicShares-holders get a percantage (the 0.04 cents?) from the ArtistShares)?
So my question should be i guess
If a song is sold for $.99 with a $.01 transaction fee what percent after that goes to the artist and what goes to the DAC? Then does the DAC pay PeerTracks LLC for services such as running the website from its profit from sales? Or is it the other way around where PeerTracks LLC is getting the profit from the sale at the the website and all that is going to the DAC is a $.01 burn in transaction fees?
keep in mind these are fictitious %s and #s for the sake of simplicity
If a song sells for 1 BitUSD (FROM the PeerTracks website), a couple of things happen.
If the artist selling the song does NOT have an artistcoin out there, this is what happens.
0.95 BitUSD goes to the artist's wallet.
0.04 BitUSD goes to PeerTracks for bandwidth cost and the likes (costs will need to be calculated closer to launch once less variables are present)
0.whatever the transaction fee is on the blockchain is going to be the well... transaction fee. Which is what gets burned and "returned" to the shareholders, just like in BitSharesX
Now if the person selling the song DOES have an artistcoin out there (meaning he created his own token and sold it to his fans)
Things are different. The artist will not be getting 0.95 BitUSD, he will be getting 0.95 MINUS what going towards his coinholders. I will go into this later.
One of the features we are exploring as far as transaction fee is setting a higher transaction fee for any transfer except artistcoins.
This means the DAC shareholders would profit more from BitUSD transfers (music sales) but the fees would stay very low when Jimmy and timmy are exchanging Snoopcoin for One Direction coin in the schoolyard on their smartphones.
We want to create 10000 dogecoin like economies each revolving around band/singer it's fandom and it's fan club. Keeping low token transfer fees would help that, where we really want to charge off of music sales to pay for service costs + network costs, etc.
Xeroc.. I don't know how old you are.. but maybe you can guess what line comes with this pic:
Now you are blaming ME that i played YOUR game? Are are serious?While we wait, why not play the guessing game. Oh and the site is up, although not all content is up to date, so if you find it, keep that in mind ^^
I'd love to support your platform .. but why threaten me? because I 'leaked' your domain? and google has it cached? for real?
Xeroc... the line was "Clever girl"
Far from a threat lol. I guess you are a bit too young for the 1993 reference! my bad ^^
http://knowyourmeme.com/memes/clever-girlQuote“Clever Girl” is a catchphrase that can be used to express respect or admiration for something has demonstrated substantial intelligence.
woops .. than it TOTALLY misunderstood your reference ... and apologize for my harsh response .. i am sorry .. really
Can you clearify what "notes" are?So do shareholders of the BitShares Music DAC only earn on burned tx fees or do the BitSharesMusicShares also get value from something else (e.g. because you can only buy Artistcoins with BitSharesMusicShares or BitSharesMusicShares-holders get a percantage (the 0.04 cents?) from the ArtistShares)?
So my question should be i guess
If a song is sold for $.99 with a $.01 transaction fee what percent after that goes to the artist and what goes to the DAC? Then does the DAC pay PeerTracks LLC for services such as running the website from its profit from sales? Or is it the other way around where PeerTracks LLC is getting the profit from the sale at the the website and all that is going to the DAC is a $.01 burn in transaction fees?
keep in mind these are fictitious %s and #s for the sake of simplicity
If a song sells for 1 BitUSD (FROM the PeerTracks website), a couple of things happen.
If the artist selling the song does NOT have an artistcoin out there, this is what happens.
0.95 BitUSD goes to the artist's wallet.
0.04 BitUSD goes to PeerTracks for bandwidth cost and the likes (costs will need to be calculated closer to launch once less variables are present)
0.whatever the transaction fee is on the blockchain is going to be the well... transaction fee. Which is what gets burned and "returned" to the shareholders, just like in BitSharesX
Now if the person selling the song DOES have an artistcoin out there (meaning he created his own token and sold it to his fans)
Things are different. The artist will not be getting 0.95 BitUSD, he will be getting 0.95 MINUS what going towards his coinholders. I will go into this later.
One of the features we are exploring as far as transaction fee is setting a higher transaction fee for any transfer except artistcoins.
This means the DAC shareholders would profit more from BitUSD transfers (music sales) but the fees would stay very low when Jimmy and timmy are exchanging Snoopcoin for One Direction coin in the schoolyard on their smartphones.
We want to create 10000 dogecoin like economies each revolving around band/singer it's fandom and it's fan club. Keeping low token transfer fees would help that, where we really want to charge off of music sales to pay for service costs + network costs, etc.
Note holders would earn from burned tx fees, correct.
What we are planning on doing is making the tx fees more expensive for bitUSD since that's the type of transaction that's used in the sale of music.
So people trading around artistcoins can do so very cheaply. people trading around notes as well. The only time a large transaction fee appears is when someone buys music since it's not done in notes, or artistcoins, it's done in BitUSD.
Clear?
So Note holders would make money off of every tx fee, some tx fees are larger than others.
This is all for Note holders.
Now if you are holding say 300 guitarguy coins, and his music starts selling on the peertracks website, then you will see the value of those coins go up.
These are 2 independent things.
I could have 100 Notes and 400 artistcoins. I could have 0 notes and 10000 artistcoins, I could have 25 notes and 0 artistcoins. It all depends if you wanna play the music market or just take fees from being part owner of the DAC or if you want to do both!
If you do both, say you have 1% off all Notes in existence, then you are making 1% off all (non-delegate) tx fees. And if you picked the right artistcoins, you can earn capital gains from that too.
Can you clearify what "notes" are?AFAIK: BitSharesMusicShares===notes
In my universe only BitSharesMusicShares (what you get with ags/pts) and the Artistcoins exist.
I see three things which can drive demand for BitSharesMusicShares :that's my understanding too
- tx fees
- you need BitSharesMusicShares when you want to buy any Artistshares
- BitSharesMusicShares get a low % of all Artistshares (I think kickstarter does it the same way? Not sure)
Isnt it that simple?
(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
Ok, got it.yhea .. cross chain trading ... => more demand for bitUSD ..Quote(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
Ok, got it.Quote(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
So there will be a bitUSD market that will work in Bitshare Music, and the collateral will be notes ? Is this right ?Ok, got it.yhea .. cross chain trading ... => more demand for bitUSD ..Quote(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
So there will be a bitUSD market that will work in Bitshare Music, and the collateral will be notes ? Is this right ?that's my understanding ... and I would guess that bitEUR,bitCNY and some others will be available too
@cob .. can the community be of any assistance when it comes to marketing? do you already have a marketing strategy?
Anything in general we can do to make this a success?
Is the 45% presale going to be buy x amount of shares for y price? Or is it going to be like If say 1000 people participate in the presale then 45% of the shares will be split between them weighted by how much they contribute?
Also dont know whether those bitUSD are backed by btsx or notes...Ok, got it.Quote(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
Good for you!
I still have no clue what those Music bitUSD are?
or How are they backed by the notes?
Goal 1 is the pre-sale. So will just be focusing on the crypto world. SinceCan help out on reddit and a little bitcointalk
they are the only ones that can actually purchase some Notes (they alone have
BTC) So as soon as our little landing page / pre-sale page is finished, we will
be marketing towards the crypto people.
Once the Pre-sale is done. Then we will be marketting to the music world. We- Please checkout jamendo.com and try to get in contact with them!!
let Eddie go to town on all his contacts.
On a peer 2 peer level, if you guys know any bands or musicians, point them our
way. Link them to our newsletter sign up, to our (upcoming) explainer videos,
etc. Eddie will focus on the big names, but this is for everyone, every
local band should understand how turning their fans into promoters can
help their career!
I will be a fixed price in BTC for a fixed amount of Notes. Very similar toCould you please go over the numbers again and make sure we do not get the
what Ethereum did. I believe they started with 2000 ether for 1btc, then scaled
it down each few weeks. We are doing the same. Only the final amount of Notes
will not be decided yet. Meaning Notes cannot sell out. So if only 1000 Notes
sell in the pre-sale. then that means the total amount of notes on the
blockchain will be 2222.22 Notes. If 1 million Notes sell, that means the
total amount of Notes at Genesis block will be 2 222 222 Notes.
Ok, got it.Quote(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
Good for you!
I still have no clue what those Music bitUSD are?
or How are they backed by the notes?
Ok, got it.Quote(in the form of BitUSD but Notes are what the collateral is on the back end)This means you have your own BitAssets on your BitShares Music blockchain?
Good for you!
I still have no clue what those Music bitUSD are?
or How are they backed by the notes?
Look at it this way.
BitUSD is not really a "thing" or a coin, it's 1 USD worth of BTSX. So when you are trading around a BitUSD, you are actually trading around 1 US dollar's worth of purchasing power of crypto... something. On the BitSharesX platform, 1 BitUSD is 1 US dollar's worth of BTSX.
On the BitShares Music Blockchain, the unit is the Note. So if you want to trade 1 BitUSD, you are really trading 1 US dollar's worth of Notes. Which takes the form of a BitUSD.
They both look like a digital US dollar, only if you open it up, one is collateralized by BTSX then other is collateralized by Notes.
I could get a loan at a bank, for 10k USD. They might ask for collateral. I could offer up my Honda Civic.
My friend could go to the bank and also ask for a 10k USD loan. He could offer up his VW Jetta as collateral. We both would have a 10 000 USD loan, but his is back a one type of car, mine is backed by another.
Not the best analogy but I hope it helps haha.
Also yes, Cross chain trading will be an eventual feature in the bitshares space. Bytemaster said so in another thread.
It will use internal market just like BTSX.
So is it possible to transfer BitUSD bought from BTSX market to Bitshares Music blockchain? Or are they totally separated but just only use the same name?there will be cross-chain trading for bitAssets .. such as the bitUSD
Is the 45% presale going to be buy x amount of shares for y price? Or is it going to be like If say 1000 people participate in the presale then 45% of the shares will be split between them weighted by how much they contribute?
I will be a fixed price in BTC for a fixed amount of Notes. Very similar to what Ethereum did. I believe they started with 2000 ether for 1btc, then scaled it down each few weeks. We are doing the same.
Only the final amount of Notes will not be decided yet. Meaning Notes cannot sell out. So if only 1000 Notes sell in the pre-sale. then that means the total amount of notes on the blockchain will be 2222.22 Notes.
If 1 million Notes sell, that means the total amount of Notes at Genesis block will be 2 222 222 Notes.
For those that have seen the FAQ page, where it says there will be 2billion notes at genesis block, that is out of date, it was based on BitSharesX before the details of the Pre-Sale where written out.
So is it possible to transfer BitUSD bought from BTSX market to Bitshares Music blockchain? Or are they totally separated but just only use the same name?
Look at it this way.
BitUSD is not really a "thing" or a coin, it's 1 USD worth of BTSX. So when you are trading around a BitUSD, you are actually trading around 1 US dollar's worth of purchasing power of crypto... something. On the BitSharesX platform, 1 BitUSD is 1 US dollar's worth of BTSX.
On the BitShares Music Blockchain, the unit is the Note. So if you want to trade 1 BitUSD, you are really trading 1 US dollar's worth of Notes. Which takes the form of a BitUSD.
They both look like a digital US dollar, only if you open it up, one is collateralized by BTSX then other is collateralized by Notes.
I could get a loan at a bank, for 10k USD. They might ask for collateral. I could offer up my Honda Civic.
My friend could go to the bank and also ask for a 10k USD loan. He could offer up his VW Jetta as collateral. We both would have a 10 000 USD loan, but his is back a one type of car, mine is backed by another.
Not the best analogy but I hope it helps haha.
Also yes, Cross chain trading will be an eventual feature in the bitshares space. Bytemaster said so in another thread.
Not that anybody cares BUT,
I for one am against this music DAC because of:
1)ONLY 10% for PTS and AGS and
•5% to our development team;
•5% to the founders;
•25% to the PeerTracks corporation;
whoever the 'founders' and 'PeerTracks corporation' are
2) Repeated Ethereum stupidity - total supply of shares to be arrived based on money received and chosen arbitrary ratio (i.e. 2000 Notes per BTC)
1) Is insultingly low for PTS and AGS
I will not repeat myself regarding, what I think of, people having IPO and saying we will keep 25% - in short -"We get all the money + 25% free shares" ridiculous...
2) Is pretty stupid idea in itself.
The allocation for AGS/PTS is fair and honours the social contract.
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
As [mostly passive] investors we need to acknowledge that it is better to have a small piece of a big pie than a big piece of a small pie.
The social contact is designed to incentivize the creation of big pies, on the order of revolutionizing entire industries, and the profit motive cannot be diluted to a degree that is not attractive.
TL;DR: People gonna get rich, and you want a seat on the train. Not a whole car to yourself...
Not that anybody cares BUT,I partially second that.
I for one am against this music DAC because of:
1)ONLY 10% for PTS and AGS and
•5% to our development team;
•5% to the founders;
•25% to the PeerTracks corporation;
whoever the 'founders' and 'PeerTracks corporation' are
2) Repeated Ethereum stupidity - total supply of shares to be arrived based on money received and chosen arbitrary ratio (i.e. 2000 Notes per BTC)
1) Is insultingly low for PTS and AGS
I will not repeat myself regarding, what I think of, people having IPO and saying we will keep 25% - in short -"We get all the money + 25% free shares" ridiculous...
2) Is pretty stupid idea in itself.
Not that anybody cares BUT,
I for one am against this music DAC because of:
1)ONLY 10% for PTS and AGS and
•5% to our development team;
•5% to the founders;
•25% to the PeerTracks corporation;
whoever the 'founders' and 'PeerTracks corporation' are
2) Repeated Ethereum stupidity - total supply of shares to be arrived based on money received and chosen arbitrary ratio (i.e. 2000 Notes per BTC)
1) Is insultingly low for PTS and AGS
I will not repeat myself regarding, what I think of, people having IPO and saying we will keep 25% - in short -"We get all the money + 25% free shares" ridiculous...
2) Is pretty stupid idea in itself.
The allocation for AGS/PTS is fair and honours the social contract.
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
As [mostly passive] investors we need to acknowledge that it is better to have a small piece of a big pie than a big piece of a small pie.
The social contact is designed to incentivize the creation of big pies, on the order of revolutionizing entire industries, and the profit motive cannot be diluted to a degree that is not attractive.
TL;DR: People gonna get rich, and you want a seat on the train. Not a whole car to yourself...
+ 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....
Not that anybody cares BUT,
I for one am against this music DAC because of:
1)ONLY 10% for PTS and AGS and
•5% to our development team;
•5% to the founders;
•25% to the PeerTracks corporation;
whoever the 'founders' and 'PeerTracks corporation' are
2) Repeated Ethereum stupidity - total supply of shares to be arrived based on money received and chosen arbitrary ratio (i.e. 2000 Notes per BTC)
1) Is insultingly low for PTS and AGS
I will not repeat myself regarding, what I think of, people having IPO and saying we will keep 25% - in short -"We get all the money + 25% free shares" ridiculous...
2) Is pretty stupid idea in itself.
The allocation for AGS/PTS is fair and honours the social contract.
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
As [mostly passive] investors we need to acknowledge that it is better to have a small piece of a big pie than a big piece of a small pie.
The social contact is designed to incentivize the creation of big pies, on the order of revolutionizing entire industries, and the profit motive cannot be diluted to a degree that is not attractive.
TL;DR: People gonna get rich, and you want a seat on the train. Not a whole car to yourself...'Blessed are the poor in spirit: for theirs is the kingdom of Heaven.
Blessed are the meek: for they will inherit the earth.'
...or better:'It makes me happy to see that men do not want to think at all.'
Friedrich Nietzsche
The allocation for AGS/PTS is fair and honours the social contract.To make some points crystal clear:
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
tonyk is a little skeptic about the pre-sale:
https://bitsharestalk.org/index.php?topic=4788.msg111639#msg111639
The allocation for AGS/PTS is fair and honours the social contract.To make some points crystal clear:
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
- AGS never was and never will be an INVESTMENT. Everything you've sent there is a DONATION!!!
- there have been NO promises made in regards to allocations, how can they (i3) .. it's out of their hands how 3rd party developers decided the initial distribution. PTS/AGS distribution is about showing love to the community and 'buying' support from them .. and wit 10% each cob FULFILLS his side of the social consensus. As a consequence, I (and probably the bigger part of the community) will support cob. period!
.... but don't insult us by saying all that.I didn't mean to insult anyone .. I didn't even mean to defend any decisions. I just wanted to fix the terms.
The allocation for AGS/PTS is fair and honours the social contract.To make some points crystal clear:
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
- AGS never was and never will be an INVESTMENT. Everything you've sent there is a DONATION!!!
- there have been NO promises made in regards to allocations, how can they (i3) .. it's out of their hands how 3rd party developers decided the initial distribution. PTS/AGS distribution is about showing love to the community and 'buying' support from them .. and wit 10% each cob FULFILLS his side of the social consensus. As a consequence, I (and probably the bigger part of the community) will support cob. period!
You can always play on words as you like, but after the Feb 28 snapshot Stan and co made it quite clear that AGS (and PTS too) was useful as it gave nice, big stake in the core DACs. It was also implied that while we get only 10/10 from the other 3rd party DACs, the core DACs will give us a big percentage; even upto 50/50. Then the initial announcement with Zenithcoin promised us 25/25.
So you can keep saying 'DONATION', 'NO promises' but we all know what was said. If you are changing it now then fine, but don't insult us by saying all that.
I think Xerox is misled here by his believe that he is dealing with the same kind of honest human beings like BM.My wife tries to teach me this on a regular basis .. maybe .. someday I can be convinced :)
I am on the same page as you sumantso (and the navies like xerocs, will have to turn the page soon), it is a whole other game my friends... whole new game with this DAC!
Is the 45% presale going to be buy x amount of shares for y price? Or is it going to be like If say 1000 people participate in the presale then 45% of the shares will be split between them weighted by how much they contribute?
I will be a fixed price in BTC for a fixed amount of Notes. Very similar to what Ethereum did. I believe they started with 2000 ether for 1btc, then scaled it down each few weeks. We are doing the same.
Only the final amount of Notes will not be decided yet. Meaning Notes cannot sell out. So if only 1000 Notes sell in the pre-sale. then that means the total amount of notes on the blockchain will be 2222.22 Notes.
If 1 million Notes sell, that means the total amount of Notes at Genesis block will be 2 222 222 Notes.
For those that have seen the FAQ page, where it says there will be 2billion notes at genesis block, that is out of date, it was based on BitSharesX before the details of the Pre-Sale where written out.
Is the 45% presale going to be buy x amount of shares for y price? Or is it going to be like If say 1000 people participate in the presale then 45% of the shares will be split between them weighted by how much they contribute?
I will be a fixed price in BTC for a fixed amount of Notes. Very similar to what Ethereum did. I believe they started with 2000 ether for 1btc, then scaled it down each few weeks. We are doing the same.
Only the final amount of Notes will not be decided yet. Meaning Notes cannot sell out. So if only 1000 Notes sell in the pre-sale. then that means the total amount of notes on the blockchain will be 2222.22 Notes.
If 1 million Notes sell, that means the total amount of Notes at Genesis block will be 2 222 222 Notes.
For those that have seen the FAQ page, where it says there will be 2billion notes at genesis block, that is out of date, it was based on BitSharesX before the details of the Pre-Sale where written out.
Would recommend sticking with the 2 billion share supply.
As more DACs are born it would advantageous to maintain as much consistency as possible throughout the Bitshares brand.
I'm envisioning seeing the first page of Coinmarket cap populated entirely with successful Bitshares DACs... would look mighty professional if they all started with the same number of shares.
Like soldiers on dress parade. Impressive.
Assuming the founders, devs, and corporation are the same people, the current allocation means that as long as that group retains levels of public support rivaling the United States Congress, they'll effectively have full control of the network. If the "decentralized network" core is intended to be more than a marketing gimmick, I'd allocate more Notes to either the pre-sale or to PTS/AGS. As long as PeerTracks is doing its job well and has public support, elected delegates should pass most of the profits on to them anyway, without having to rely on appointed delegates.
Assuming the founders, devs, and corporation are the same people, the current allocation means that as long as that group retains levels of public support rivaling the United States Congress, they'll effectively have full control of the network. If the "decentralized network" core is intended to be more than a marketing gimmick, I'd allocate more Notes to either the pre-sale or to PTS/AGS. As long as PeerTracks is doing its job well and has public support, elected delegates should pass most of the profits on to them anyway, without having to rely on appointed delegates.+5%
I think it would be better to call it a "transparent core" than a "decentralized core"...If the blockchain is intended to transparently be a puppet of the corporation, wouldn't it make more sense to use a traditional database instead?
maybe run a mumble server time to discuss ...+5%
The allocation for AGS/PTS is fair and honours the social contract.To make some points crystal clear:
The social contract is what all AGS/PTS investments were premised on and consequently there should be no expectation of additional allocations.
- AGS never was and never will be an INVESTMENT. Everything you've sent there is a DONATION!!!
- there have been NO promises made in regards to allocations, how can they (i3) .. it's out of their hands how 3rd party developers decided the initial distribution. PTS/AGS distribution is about showing love to the community and 'buying' support from them .. and wit 10% each cob FULFILLS his side of the social consensus. As a consequence, I (and probably the bigger part of the community) will support cob. period!
You can always play on words as you like, but after the Feb 28 snapshot Stan and co made it quite clear that AGS (and PTS too) was useful as it gave nice, big stake in the core DACs. It was also implied that while we get only 10/10 from the other 3rd party DACs, the core DACs will give us a big percentage; even upto 50/50. Then the initial announcement with Zenithcoin promised us 25/25.
So you can keep saying 'DONATION', 'NO promises' but we all know what was said. If you are changing it now then fine, but don't insult us by saying all that.
Money has to come from somewhere. If people want the thing to be a success then the money needs to be taken out of btsx fund.
To be a success and appeal to the young demographic then this thing really needs to be slick. So there needs to be software close to iTunes or we need to luck across the next Justin Bieber. I dunno.. How do all these things go together ? Development is not cheap. It requires expensive labor. It is also not easy. There are great differences in the abilities of developers, it can be easy to hire a dud which is only revealed after a few weeks of training etc.
Money has to come from somewhere. If people want the thing to be a success then the money needs to be taken out of btsx fund.
To be a success and appeal to the young demographic then this thing really needs to be slick. So there needs to be software close to iTunes or we need to luck across the next Justin Bieber. I dunno.. How do all these things go together ? Development is not cheap. It requires expensive labor. It is also not easy. There are great differences in the abilities of developers, it can be easy to hire a dud which is only revealed after a few weeks of training etc.
Money has to come from somewhere. If people want the thing to be a success then the money needs to be taken out of btsx fund.
To be a success and appeal to the young demographic then this thing really needs to be slick. So there needs to be software close to iTunes or we need to luck across the next Justin Bieber. I dunno.. How do all these things go together ? Development is not cheap. It requires expensive labor. It is also not easy. There are great differences in the abilities of developers, it can be easy to hire a dud which is only revealed after a few weeks of training etc.
i agree - to build something you need money. but was that not clear from the beginning?
in the beginning eddi and cob announced a 50/50 split
i have no problem if they would just post something to explain the changes and do it fair! Delution to raise money is ok!
BUT
10% of all Notes are going to the holders of BitShares PTS.
10% to those that donated to the BitShares AGS address.
45% to those that purchase Notes in our Pre-Sale
5% to our development team (Bitsapphire)
5% to the founders
25% to the PeerTracks corporation
if the delution would be fair the % of (eddi and cobs) side would be honor their first announcement and delute equal
so in my opinion the split should be
A)
15% PTS
15% AGS
==30%
25% PeerTracks
5% founders
== 30%
5% bitsapphire
35% Pre-Sale
if you want to give 45% to Pre- Sales it should split
12.5% PTS
12.5% AGS
==25%
20.83% PeerTracks
4.17% founder
==25%
5% bitsapphire
45% Pre-Sales
in my opinion both splits are fair and i hope you will consider the split or explain why you wouldn't stay to your own words. you want to get a successful start and need supporter from this community.
cob and I talked, he should have a revised allocation soontonyk will be pleased to see this :)
cob and I talked, he should have a revised allocation soontonyk will be pleased to see this :)
cob and I talked, he should have a revised allocation soontonyk will be pleased to see this :)
cob and I talked, he should have a revised allocation soontonyk will be pleased to see this :)
Can tonyk even be pleased?
^^
Is the 45% presale going to be buy x amount of shares for y price? Or is it going to be like If say 1000 people participate in the presale then 45% of the shares will be split between them weighted by how much they contribute?
I will be a fixed price in BTC for a fixed amount of Notes. Very similar to what Ethereum did. I believe they started with 2000 ether for 1btc, then scaled it down each few weeks. We are doing the same.
Only the final amount of Notes will not be decided yet. Meaning Notes cannot sell out. So if only 1000 Notes sell in the pre-sale. then that means the total amount of notes on the blockchain will be 2222.22 Notes.
If 1 million Notes sell, that means the total amount of Notes at Genesis block will be 2 222 222 Notes.
For those that have seen the FAQ page, where it says there will be 2billion notes at genesis block, that is out of date, it was based on BitSharesX before the details of the Pre-Sale where written out.
Would recommend sticking with the 2 billion share supply.
As more DACs are born it would advantageous to maintain as much consistency as possible throughout the Bitshares brand.
I'm envisioning seeing the first page of Coinmarket cap populated entirely with successful Bitshares DACs... would look mighty professional if they all started with the same number of shares.
Like soldiers on dress parade. Impressive.
+1
Hope you guys do this
Sent from my iPhone using Tapatalk
Money has to come from somewhere. If people want the thing to be a success then the money needs to be taken out of btsx fund.
To be a success and appeal to the young demographic then this thing really needs to be slick. So there needs to be software close to iTunes or we need to luck across the next Justin Bieber. I dunno.. How do all these things go together ? Development is not cheap. It requires expensive labor. It is also not easy. There are great differences in the abilities of developers, it can be easy to hire a dud which is only revealed after a few weeks of training etc.
I don't understand why people think iTunes software is so slick. I find Pandora, Spotify, Bandcamp, Soundcloud and Grooveshark to be much nicer in terms of user interface (though you could make the argument that Spotify is pretty close to iTunes but they've made some big changes to their software). So yes. This thing needs to be slick. But as I've pointed out in my topic, it also needs to be free if it will appeal to the young demographic. I speak as someone in the young demographic. Yes there are those who still buy CDs out of some moral obligation they feel to an outdated business model or those that love having a pile of CDs next to them or those who are hipsters and like collecting vinyls (audiophiles...) but the vast majority of the young demographic today either streams or downloads their music for free while dealing with advertisements in the case of streams.
Any new updates? Perhaps snapshot or development estimates?
Any new updates? Perhaps snapshot or development estimates?