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Messages - cob

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301
Which would you use for which?

Notes for the Blockchain Units? Or Notes for the artist issued assets.

Do you buy MetaliccaNotes with Something coin?
Or do you buy MetallicaCoins with Notes?

302
Hey  everyone.

Need some of your creative brain juice!

Fill in the blanks.

Blockchain name: Bitshares Music
Blockchain units: __________________  This is the currency our platform is going to use. EVERYTHING will be price in these units.
Artist Issued Assets: __________________ This is coin or token the artist sells to his fans to fund his career. Those assets need a family name. For example, RihannaCoin, EminemCoin, XzibitCoin, OneRepublicCoin, those would all be ____________. Just like a tree, another tree, and another tree and all a Forest.

So two things I need your input on. The unit of the Music DAC and the family name of the Artist Issued Assets.

Thanks!

303
Thanks guys.

Yeah as soon as we clear everything up with the regulators (oh the joy), we will be able to really go full steam ahead and have a website to point you guys to for updates and whatnot.


304
Muse/SoundDAC / Re: Website name. Brainstorming
« on: June 03, 2014, 07:29:02 pm »
Still here!

We are negotiating with some domain name squatters.. the bastards! lol. Can't wait for Bitshares DNS to change the game ^^

I will update you in the next week to let you know what we chose.

We have been working on the regulatory side of things. We are a centralized entity trying to facilitate the creation of user created assets, so we have to make sure we aren't shut down by the regulators.
Can you say barrier to entry? (:

If you guys want a recent update, check out the Bitcoins and Gravy podcast, episode 18. We get on around the 30 min mark. I would link it, but it's not up yet, well not on soundcloud or youtube yet.

305
Muse/SoundDAC / Re: Website name. Brainstorming
« on: May 12, 2014, 07:16:46 pm »
Btw I'm not wasting your time here (:

I'm creating a giant list from multiple sources of brain POWAAHH

Thanks guys (and girls!)

306
Perhaps their income stream could be locked for a certain length of time sufficient enough to encourage good behavior. Like what they get paid is actually payable within the next year in chunks. Just a thought.

Cool idea. As long as it's not too long. Since there might be ups and downs in the market. Also might be costly to run a top notch Delegate computer and bills might need to be paid. Nothing insane like ASICs of course.
I'm guessing the payment would be withheld just long enough to make sure no collusion happened.

307
Muse/SoundDAC / Re: Website name. Brainstorming
« on: May 08, 2014, 09:57:32 pm »
This is the craziest name finding thread I have ever seen!  +5%

Isn't it awesome!?

308
Muse/SoundDAC / Re: Website name. Brainstorming
« on: May 08, 2014, 09:56:08 pm »
cob has your team decided the name ?


We have not.

Keep em coming! Thanks!

309
Is that 10% fee definite or can it float?

Is that what you meant by: "increasing user dividends"? Meaning a delegate could say I'll just take 8% commission and thus leave 92% to the shareholders.

310
Muse/SoundDAC / Re: Website name. Brainstorming
« on: May 01, 2014, 03:47:50 am »
I thought this project had a name: Zenith Music ?  Did something change?

Yes. We aren't using that name or that coin.

311
General Discussion / Re: DPOS DACs as bitcoin sidechains?
« on: April 29, 2014, 05:01:55 pm »
Side chains are fundamentally insecure and must be approved by the BTC mining majority...

Until I see something to the contrary, all it appears to be is a means for the Bitcoin elite to extend the BTC protocol and makes sure they retain control.   Therefore, I would not even begin developing a DAC for a side chain... it would be like building a BTC wallet for the Apple store only to have it rejected by Apple.

What about if Bitcoin where DPOS?

Or

Let's say Bitshares creates a DAC with sidechain capabilities. Do you see any good coming from this? Just seems like it's a way to scale, without having fungibility problems.

You'd have multiple chains, adding different, independent features, to the original DAC with the original shares.

312
General Discussion / DPOS DACs as bitcoin sidechains?
« on: April 29, 2014, 04:55:25 am »
My daily mind numbing tasks are always assisted by LTB podcast.
My midnight reading has been coindesk.
This got me thinking more and more about sidechains.
I think they might be onto something here. It appears to be WAY more promising than mastercoin or any other protocol built on top of bitcoin.
Bitcoin of course is an unprofitable DAC that pays miners for security. So here is my question to those with a better grasp of all of this.

Do you think there is a way to make a profitable DAC of a sidechain? Where shares aren't diluted, inflation is absent from the sidechain DAC and people can still get their coins in and out of the side chain via the 2 way peg.
This would eliminate exchanges and open up the market of each DAC to everyone using btc.

Thoughts?

313
Muse/SoundDAC / Re: Website name. Brainstorming
« on: April 28, 2014, 11:41:12 am »
Wow, some of these are really good. Keep em coming!  :D

314
Muse/SoundDAC / Website name. Brainstorming
« on: April 28, 2014, 12:04:26 am »
We are currently looking for a name for the website we are building that plugs into the Bitshare Music blockchain.

Think of a site like pandora and soundcloud but you can also trade songs on there.

What would you call it? It would be great if it could be a verb of course, like "google it" "facebook me" "Pin it" etc.

This is for brainstorming. If the idea is crap, post it anyway, it's meant to spark ideas, not be a final decision.

Think outside the crypto community. We are going after music listeners NOT crypto nerds that also happen to like music. Our costumers probly won't even know they are using crypto. (don't go off on that tangeant lol. Let's keep this thread for vomiting out ideas for names!)

Thanks guys! (and girls! and girls)

315
What Eddie and I are building is a website where you can listen to music for free, but if you want to have a copy of the mp3, you must pay.
Free to stream, pay to download.

If you want to buy shares of a song, you must also pay. You will then get rewarded IF that song generates any sales.

Here, let me "leak" a section of the white paper. Please ignore the "Zenith Music Exchange" name since all our terminology is being revamped.

And let me add to this following section that there is a third type of listener. The ones that currently torrent because $0.99 is just a little bit to pricy for them. They would consider paying for a song if it were priced at say, $0.80.

anyway Here is the paste:

3.0 Incentives and advantages
The current economic model for buying music gives the listener two choices: one free, and one paying. People getting their music for free are the majority. People that pay for music do so for a variety of reasons but none of them involve self-interest. Our new model favours everyone's self-interests. Unlike the current one where artists hesitate before putting their music online for fear of file sharing / pirating, the Zenith Music Exchange now makes it profitable for the artist to upload and share everything he has.

What Zenith Music Exchange offers is to take the majority of people that normally just torrent music and turn them into music buyers. How so? By switching the incentives around. Buying music through the blockchain is now an action that promotes self-interest. If a user likes a song so much that he is willing to download it with the varying levels of hassle it entails (trojans / malware / viruses and the time required to find the files online), he most likely sees the value of that song. By buying a BitShare of that song directly from our website, he is invested in the song’s success. Every time the song is played or purchased, the new BitShareholder now sees the value of his portfolio rise and can cash out at any time!

A buyer can purchase a BitShare of a song, compensating the band in the process, for the sole reason that he will make money off it in the future. BitShares Music is harnessing the power of greed and putting it at the service of good. As for people already paying for their music, they will keep doing so, but will now get compensated financially for it. Currently, their good dead goes unrewarded. We personally like the idea of rewarding and incentivizing good, ethical and moral choices.

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