According to http://peertracks.com/faq.html artistcoins can be bought using BitUSD.
BitUSD is on a different blockchain than Bitshares Music, so can someone explain the link between them? Do I open my BTSX wallet and send BitUSD to peertracks, and then it credits me with snoop dog coins?
Also, is peertracks.com basically an easy to use frontend to Bitshares Music, so that users dont need to download the wallet or know anything about crypto?
PeerTracks will not be holding any customer funds. This trustless world shall remain trustless ^^
PeerTracks is running on top of the BitShares Music Blockchain, so you are correct, it runs off a different blockchain entirely from BTSX. It won't be possible (at least not yet) to send BTSX Bitassets to another chain (BitShares Music).
People funding their accounts would do so in BitUSD collateralized by Notes (the Units of the Music DAC) So they really are shopping for music using Notes.. 1USD worth of Notes all packaged into what we know as a BitUSD.
And Yes. That's exactly what PeerTracks aims to be at first. and easy to use front end for the non-crypto crowd.
People's balances will appear in USD (BitUSD!) that should be (crossed fingers) volatility free. They would just shop around for music like they would any other music store, only in this instance they can buy artistcoins and make a profit if they purchased a coin from an artist that sells a lot of content.
This is the Minimum Viable Product.
Then Peertracks is going to tackle various other features, like streaming, for profit p2p quality playlist creation, a music centric social media aspect, etc.
All bringing traffic and volume to the network that is the Bitshares Music blockchain.