Oh and could you adress this when you have a moment please?
"And I remember you mentioning people could just take this blockchain and copy it over to multiple sites.
How would this effect the ecosystem? Is it a fork, diluting everything? Care to explain?"
Thank you sir!
This is no different than having multiple block explorers out there.
But it wouldn't help MusicShares gain value.
Unless the listener likes a song and decides to track it back to the original website where he can purchase it.
Because let's say the underlying protocol is the MusicShares blockchain. The jukebox padora-ish website uses the MSH blockchain in order to know what songs to play and when. People use the jukebox/website to put MSHs in the specific songshares they like. When the jukebox plays it, dividends are paid out.
Now if, say, a Chinese website pops up. Using the same exact blockchain as reference. It could theoretically just play all the songs for free, it just couldn't vote on what song is played next. Users of the Chinese website could just be passive listeners. Unless of course they buy MSH and start paying/voting.
Now this could make it so that many many personalized playlists could be done by millions of users all over the world that would not contribute any income to the jukebox. They would just listen to their custom playlists and use the blockchain as reference for what plays next. They would just "freeload" off of what the jukebox filters (the crap from the good stuff) and listen to pure good stuff without ever having to pay a penny.
Not that that's inherently bad of course, but the aim is to increase the incentive for artists to put up their stuff online. They need to get paid somehow.
The jukebox kinda seems to take a backseat in this situation no? Meaning another site can just use the blockchain and not pay out.