So peertracks never handles any funds. We just see that BOB the user that has an account with PeerTracks paid Britney and we let him take the file. PeerTracks should have made up the cost of the bandwidth by the transaction fees (whether the Notes PeerTracks will hold will be enough to repay the bandwidth costs, we don't know yet. If it's not enough then a fee will be charged for that)
Cob, I think this raise a very interesting question. There is one think that is not clear at all: How PeerTracks makes money ? In my opinion the businesses model that will be use is essential to the future of Bitshare Music DAC.
As it is now PeerTracks does not make any money for sales of the artist coin or songs. So the only way to make money it is to buy NOTES and hope to make enough profit to cover bandwidth cost and development. This model can't work, i.e if a company in China want's to make PeerTrackChina I will have 0 incentive to go all this trouble to build it. It is much easier to just buy the NOTES and make a profit and not bother with all trouble building the website bandwidth etc. Or even better they will clone Bitshare Music and they will lunch on a different chain.
So if we want Bitshares Music to become the music DAC that everybody will use, then others company needs to have the incentive to build on top of it. I think the best way will be that each company should be able to set a percentage of the sales that is going as profit.
..whether the Notes PeerTracks will hold will be enough to repay the bandwidth costs.. But you are saying that PeerTrack does't hold any NOTES or funds ??
(
If it's not enough then a fee will be charged for that) The fee that PeerTrack will charge will be coded in the front(PeerTrack website) or it will be integrated in the back end( Bitshare Music Dac) ?
One more think. Why you don't take a small fee that goes directly to Bisthares Music Foundation in that way there will a continuous flow of founds that will be use by the Foundation for the development and other project of the DAC, so there will be less need to inflate the Notes supply. I.E. 80% goes to the artist, 17% goes to buy back, 2% you burn that goes to Notes holders and 1% you don't burn you put in the Foundation account .
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