infographic of how much an artist must sell to make min wage

http://imgur.com/xqbewMM

That's really interesting. I notice that the self-pressed CD is an album whereas the streams are counted on a per-track basis. Do you know enough about the stats used to say if the time required to create an album used as the cost & time basis of the break-even calculation for the per-track streams? I would hope they'd convert that to a single track since we might assume a single track averages about 10% of the time and effort of an album.

Another question I have about this is the radio plays. When we see how bad streams are for artists (as they clearly seem to be) how can we compare internet streams to radio streams? Radio streams mean one play goes to many listeners. Internet streams are for one listener each. So the one radio broadcast "stream" should be worth 100,000 internet streams for a radio with an audience of 100,000.

I'd love to learn more about these models in more detail. If Peertracks is going to be better than these existing systems this is exactly the sort of detailed analysis that is needed.

(edit: grammar)

Cob I notice you've since posted in the other thread so I can only assume you've either missed this or decided not to answer my question.

Hi Cob,

Thanks for your reply. The BitShares newsletter will contain a schedule of estimated work for the next quarter. I understand you believe in the need for secrecy so Peertracks can compete with Apple etc.

However, it doesn't seem that you have answered my question. I'm sorry if I didn't ask it clearly.

How much of the Bitcoin raised from the purchase of Notes is being spent on development of Peertracks intellectual property which is going to be owned by Peertracks for the benefit of its shareholders and how much is going to the development of open source software that benefits everyone?

If I read between the lines of your response it seems that there is no separation between Peertracks and Bitshares Music Foundation at this stage.

It also seems from what you have said so far that, currently, 100% of the money is being spent on developing Peertracks proprietary systems but you will be sending some people to Virginia to work with the BitShares core team later (after they release 1.0) and that's when the percentage will change from 100% and the work on open source code will happen.

Do you see how somebody might imagine a conflict of interest here?

Apologies if I have misunderstood.

Following the advice of the Peertracks web site, I'm asking clarifying questions because I think the big project of equitable music distribution and commerce is vital for a healthy creative industry and I would expect others to have these same questions. As a part-time musician and a full-time software engineer, my obsession with blockchain technology has led me with great interest to this project. I'm concerned there may be insufficient clarity around the projects and their funding.

My understanding is that the presale of Notes raises money for the development of the Bitshares Music Foundation's own Bitshares Music blockchain upon which any "front-end" can provide music distribution services and artist coin services. Owners of Notes have an expectation that their contribution is used to build a common value.

Peertracks is the first of these front ends and is also being built by the same developers as the blockchain. Peertracks is also privately owned company while the Bitshares Music Foundation is a non-profit organisation. I don't know who the officers of the foundation are (is this published somewhere?)

Please correct me if any of this is wrong or misinterpreted.

Let me assure you I am not implying that there is any kind of misconduct or misleading behaviour going on. I expect there is merely an information gap as there often is in startups and projects at the beginning.

Nevertheless, I am looking for some specific information disclosures.

Are there some published statements from Peertracks or the Bitshares Music Foundation about which funds are used for funding the common utility of the DAC, the blockchain, open source code and which money will be used to develop and market Peertracks proprietary systems and brand properties? It seems the two organisations are very closely aligned and operationally blended.

Is there a source code repository for any of the work being funded by the sale of Notes?

This information would be crucial for my own decision process of whether to contribute financially to such a project and yet I have not been able to find this on the forum or on peertracks.com or bitsharesmusicfoundation.org which has a very prominent exclusive link to peertracks.com.

thanks in advance,

Christo

edit: typo

I think this is a good question. Why should there be servers at all?