tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot