Makes perfect sense.

And regarding MusicShares in general. Would this be it's own "altcoin" à la Protoshares, or just a copy of BTS? TaPOS?

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?

i see a new thread's been created focused on your radio DAC idea.

So allow me to jump back a bit and take this thread to a slightly different niche.

I have a business idea, but I don't know how doable it is because of the whole, can musicians create their own coin thingy.

I would like to build a website (and mobile app no doubt) that would be kinda like youtube. Only just audio for now.

You can create a profile (your band, yourself as a singer, a podcaster, comedian, etc.) where you upload your audio content.
When people listen to your stuff, they could, like, share, follow just like usual, only now you could also "Tip" with crypto.
Nothing crazy so far. I mean, if youtube or soundcloub started adding tips it would eliminate the purpose of my site.
The button that would really change everything is the "invest" button.

Where you could invest in shares or coins of said artist.
They would be purchased throught bitcoin or whatever other crypto. So the site would be an exchange but a purely crypto based exchange, no fiat involved whatsoever. Way easier on regulation!

I think Something like this would be great for introducing the masses to all these concepts. Get your average joe to "buy stock" in something he's sure will be popular. "omg the new timberlake song!"

Music, it seemed to me, was the tip of the spear in the whole internet revolution. It's what go everyone to start filesharing, it's what started the P2P thing. Started the decentralization, get people to torrent stuff, etc.

If music can be what makes kids BUY their first stock (bankless baby!) at the age of 13, and sell it, trade it. That would be amazing.
The goal is also of course to make it super easy for anyone to just create a profile, and create their own coin/share to fund their aspiring careers.
And since Bitcoin is the reserve currency for these new coins, great for everyone. No dilution objections.

So there's my busiess idea.
An exchange website. No fiat.
THE place from music. all in high quality, uploaded by the artists, no copyright infringements, no ads (of course it COULD be added by the artist if he wished)
People could like, share, follow, tip, and invest in a song/artist.
incentive to get your music out for free.
incentive to SHARE new music to the world, not just out of altruism but out of greed and selfishness. (gotta harness the power of those human traits haha!)

I'm sure this could one day be a DAC too. Would put me out of business ahha but I think a website à la youtube would be great to introduce the masses to these new concepts and possibilities. Sort of a stepping stone. A site to bridge the gap.

What do you think?

The only thing missing (and it's a huge thing!), is the coin/share. I need to have a system where creating your coin is as easy as creating a facebook profile. All coins on the site would be identical copies of the other, only the name and logo would change.
Now, HOW oh HOW, would the value of it track the artist/song....
That's the question.

Let's say I wanted to start a music career tomorrow.
recorded a song. And put it out there.
How would I make an IPO out of this?

If we can figure this out. It can bring these ideas to the masses as much as napster took P2P technology us all.

I spent 4 hours in a car thinking about this very issue and this is what I came up with:

1) Every song needs to be its own mini-IPO that fans can invest in.  You literally 'buy the song' and thus get a cut of any value appreciation the song receives. 

2) Then you create a radio station where the playlist is selected as a decentralized jukebox.  Fans pay to have their song bumped up in the playlist for others to hear in the hope of increasing the value of the IPO.   

3) When a song makes it to the top of the playlist and is then played, part of the proceeds are used to pay a buy back and destroy some shares in that song (thus paying a dividend to the song owners).   

4) Get many different streaming radio stations to convert the blockchain playlist into a traditional radio station that anyone can listen to.


Bam... entirely decentralized radio station and profit center for artists.

This would depend on people buying the song though. People could still pirate it.
I guess it wouldn't matter that much since they can choose to pirate it, but not stand anything to gain if it goes big. The people that DO buy the mp3 would actually make a profit from investing in a song that grew in popularity.

OK I'm with you.

Now how could that be implemented? Every song is an altcoin? the mp3 can only be downloaded if you provide a private key?

The process has to be simple enough for non tech savy people to buy/invest in the song. So that means, no special programs required, no special players. The song has to be played on regular ass mp3 players.

What would you suggest? Care to elaborate?

I'm am REALLY interested in the copyright DAC.
The thing is, I don't like the mecanism proposed. "how much would a monopoly on X be worth?" Seems like it's a statist way to think. I believe this question would make no sense in 50 years.

Does anyone have another way to track the value of a new song? How could you bet on it? This is the key!

This is driving me nuts. If we can figure out a simple way for your average joe to bet on a new song going viral, it will change the music industry more than napster did.

Bytemaster was saying there wouldn't need to be an end date to the bet. How exactly would that work?

Great application for one of the best memes out there!

Can anyone explain exactly how III is combining ripple's consensus mechanism with Proof of stake?
I've watched the ripple video. I'm not sure where proof of stake would fit in all this.
Anyone have mad explaining skills? Or maybe a nice explainer article and video?

I think it's important to understand how it all works under the hood if we are to explain it to people and spread the word.

thanks