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Messages - woolcii

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Muse/SoundDAC / Re: MUSE Witnesses
« on: October 16, 2015, 03:10:33 am »

Muse/SoundDAC / Re: NOTE value after snapshot
« on: October 10, 2015, 03:07:32 am »
museUSD is cool

Muse/SoundDAC / Re: NOTE Snapshot and MUSE launch date!
« on: October 09, 2015, 11:42:45 pm »
Except the blockchain ,what news  form off-chain, since there is no new feather rather than bts2.0
I think community do not like self- copy.

Just a wallet, no commercial application
谁掌握了货币发行权 谁就掌握了世界

Muse/SoundDAC / Re: MUSE LOGO (suggests from community)
« on: October 09, 2015, 03:30:42 am »

Muse/SoundDAC / Re: Shipping out to Boston!
« on: September 30, 2015, 02:37:01 am »
cob cool

Muse/SoundDAC / Which one you choose?PeerTracks or Ujo.
« on: September 12, 2015, 02:28:44 am »
With the advent and then propulsive web-wide spread of MP3 file technology during the last twenty years*,  all of the music industry’s consumers, artists, recording companies, talent agents, business models,  distribution channels and intellectual property rights have been radically transformed. Today, the big money in the industry today is most often made by artists with established names who are able to draw audiences during their tours, sell merchandise, and continue to sell and stream music from their catalogs.
Of course, nowadays every well-known, moderately known and unknown act has an online presence to engage and inform their fan bases through an array of social media platforms and dedicated websites. Still, the music biz today is an even tougher business to earn a dollar than it ever was before. (See also the December 10, 2014 Subway Fold post entitled Is Big Data Calling and Calculating the Tune in Today’s Global Music Market?.)

In an effort to adapt dramatically new technology to energize, innovate and democratize the music industry, two recent startups, both still in their development stages, are using blockchain technology in previously unseen and imaginative ways. The blockchain is, in its simplest terms, a distributed, decentralized, transparent and encrypted database that acts as an online ledger to record transactions, documents and other information. It is most often used to memorialize transactions involving bitcoin. (See the May 8, 2015 Subway Fold post entitled Book Review of “The Age of Cryptocurrency” concerning a comprehensive new book on this subject.)

These early stage startups were the subject of a truly fascinating article posted on on August 5, 2015 entitled How ‘the Blockchain’ Could Actually Change the Music Industry by Gideon Gottfried. I will summarize, annotate and ask some unencrypted questions of my own.

I.  PeerTracks

The first startup is called PeerTracks. Their plan is to establish a music streaming and retail platform that includes “fan engagement and peer-to-peer talent discovery”, according to its president, Cedric Cobban.  They will use the blockchain for its transactions and paying artists directly for any revenue generated when their music is streamed “on a per-user-share basis”. Their launch is currently planned in about two months.

The core of their approach is to generate marketing revenue through the use of “artist tokens”. This is a system whereby each musical artist can create their own tokens with their name and image, and then set the permanently fixed amount of them to be made available. These tokens are intended to take on the characteristics of a “sub-cryptocurrency” (similar to some of Bitcoin’s characteristics), whereby the value that emerges for them is a direct indicator, based upon supply and demand, of the artist’s appeal. Site users can also speculate on the future value of the music and merchandise of currently unknown musicians.

The artists on PeerTracks will have the capabilities to affect the relative value of their own tokens. They will be enabled to buy back their tokens with any income they generate from “streams, sales, merch, tickets”. They can also permanently eliminate some tokens to decrease their supply and, in turn, increase their value.

Conversely, artists can affect demand by the types of items they offer to their token holders. Among other things, they can offer “discounts, free tickets, giveaways”. By providing incentives for fans to acquire their token, artists can raise the tokens’ relative values. As well, there are potential benefits to advertisers on PeerTracks interested in implementing paid sponsorships for more recognized music acts with product giveaways.

All songs uploaded on the site will be accompanied by a “smart contract“. According to the immediately preceding link to Wikipedia, smart contracts are “computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that obviate the need for a contractual clause”.  The smart contracts on PeerTracks divide up the funds generated accordingly among the parties involved in the song’s composition and performance. This is considered to be an important advance in using the blockchain and, it is hoped by developers currently working on this, will become a platform upon which new business models will emerge.

II.  Ujo

The second startup in this space is called Ujo. Their plan to use the blockchain to improve both the distribution of royalties to artists and music licensing. They intend to accomplish this by establishing a “rights and payment infrastructure”. It will be free to use and open for third parties to create their own apps for new services including, among others, curation, streaming and negotiation.  Similar to PeerTracks, they are working on an alternative means to distributing revenues to “artists and rights holders”. Furthermore, they are trying to build a blockchain-based means to determine ownership of creative works.

The prospective adoption of this by the music industry of this entirely new system is expected to take time because of its tendencies to keep data private as well its outdated and often incompatible systems. Phil Barry, who is involved Ujo along with about 20 other developers, hopes their new system will unify and replace the legacy systems. He believes the platform will provide economic advantages to artists and recording companies receiving their royalties through it. As well, this will provide “new revenue and business models”, new ways for consumers to enjoy music, and simplification to the manner in which “music is managed and licensed”.

When an artist creates a new song in the future, using Ujo it will be permanently stored on the blockchain and assigned a unique ID. If another artists or performers changes anything about the song, their subsequent versions will receive a new ID and be “instantly recognizable”. Any resulting revenue from the song will then be distributed immediately and “proportionately to each rights holder”.

中文(Chinese) / Re: 比特股2.0 十月十三號開始?
« on: September 10, 2015, 01:43:33 am »

Muse/SoundDAC / Re: September update
« on: September 09, 2015, 05:37:26 am »
To my understood music chain is just a copy of BTS chain ?,  is it right ?  if yes , so I don’t believe an independent make any sense, but anybody can establish an independent chain , it is decentralized.


I have an advice, when peertracks launch, don't airdrop to BTS.NOTE again,
you can reserve these shares, and run a gateway for BTS.NOTE and NOTE, so we can continue trade these asset in BTS chain.

We got Toast on board for very specific tasks. Him going to Google did not and does not affect our development.
So no worries there.

great idea.

中文(Chinese) / Re: Beyond Bitcoin Community hangouts at Youku
« on: August 31, 2015, 02:54:42 pm »
E102 2015-08-28 Developer Hangout with Bytemaster hangout uploaded. Enjoy!  :)


Muse/SoundDAC / Re: PeerTracks' Screenshot
« on: August 28, 2015, 02:29:14 am »

Muse/SoundDAC / Re: Looking forward to cob's Micro Update
« on: August 27, 2015, 07:20:07 am »
It is difficult to trade NOTE:BTS .. because you have TWO promising projects .. NOTE:USD will (should) clearly rise after launch .. but will NOTE rise more than BTS? It seems most don't think so

IMO, NOTES will rise more than BTS in a short run because blockchain-based music industry is recently highlighted and PeerTracks has a clear and attractive vision for investors. But in a long run, yeah it is very hard to determind between them.


Colu uses the Bitcoin blockchain. Other companies are currently developing ecosystems for the music industry based on different blockchains. PeerTracks for example claims that their blockchain (developed by Cryptonomex) is a "Ferrari" compared to the Bitcoin blockchain, as it allows for far more transactions per second (100,000 compared to seven, at the moment). Ujo will be using a blockchain built by Ethereum.

中文(Chinese) / Re: BTS的底部显现,少点恶意做空
« on: August 24, 2015, 11:28:30 am »
cool shoos hobi 王中王

Muse/SoundDAC / Re: Streaming Music is Ripping You Off
« on: August 20, 2015, 09:47:57 am »

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