Quote from: oco101 on October 05, 2014, 04:30:52 pm

If PeerTracks will be successful there will be probably other PeerTracks sites that will open on Bitshare Music blockchain, different artists will issues Artistcoin in different PeerTracks clones websites that will be all over the world, diffrent regulations. So you'll have redundancy

If other PeerTracks-like sites opened up they would be competing with the original one (obviously), so why would they want to use the BitShares Music blockchain and support their competitors? They have zero incentive to do so. A competitor like iTunes could copy the business model and issue artistcoins just on their centralized website, which is where 99% of music fans will want to trade them anyway.

They will not support they competitor. They will just use the Blockhain Music mechanism, that is already in place and have all the advantages. You can look at the different websites like different music labels. They will fight to make artist use there website to issue artiscoin.  Say PeerTracks China opens up, and they will mainly attract chinese artist to issues artistcoins and people buy music on their website. PeerTrack Us will attract people from US etc. The artist will chose where to issue he's artistcoin and most importantly to upload his music.
Sure Apple could do all that in centralize server, but the way it works now I wonder how much of that 1 dollar goes directly to the artist and how much goes to Apple ? Bitshare gives directly to the artist no middleman no big labels taking big cut etc.

Quote from: oco101 on October 05, 2014, 04:17:35 pm

So let say PeerTracks is closed down. The Notes will tank buy-backs will stop. But I could open a PeerTracks 2.0 and in the Bitshare Music blockchain I have all the information need it to continue normal operation, because I have all the information on artistcoin holder, Notes Holder and bitUSD holders. In fact if PeerTracks goes down people will still have ther bitUSD and they could still trade artistcoin, the only think that will stop will be the buy back mechanism witch will resume as soon as PeerTrack 2.0 is up and running.

Thats all true, but if you have to rely on a resurrected PeerTracks after a government takedown, then it seems like the DAC has a flawed business model and that PeerTracks would have been better off avoiding regulatory hurdles by not using a blockchain.

 If PeerTracks will be successful there will be probably other PeerTracks sites that will open on Bitshare Music blockchain, different artists will issues Artistcoin in different PeerTracks clones websites that will be all over the world, diffrent regulations. So you'll have redundancy

Quote from: trader on October 05, 2014, 02:38:43 pm

Btw its best not to mention inactivity fees in your next video It makes everyone worried and I think Bytemaster cancelled the idea anyway.

Ok .. I take that the inactivity fees are not longer to be implemented ...   I still think  the inactivity was a good idea . Why are no longer implemented it is explained somewhere ?

So its a choice between buying an artistcoin (100% to artist), and buying the song (80% to artist, 18% to buyback)? So I buy 1 copy of the song, and then if I really like the artist (hes undervalued) I will buy 1000 of his coins as well? That makes sense now.

Exactly if you just listen to the music on your phone you buy the song like you do now on Itunes. The beauty is that you can also "invest" on artist by buying artiscoin, and the more music he's selling the more artiscoin are destroyed and the more valuable the coins that you have is valued.

Thats what I suspected. In that case how does a blockchain make any difference to the PeerTracks website?

So I think your question is how he manage to accept credit card and user get USD, and why this is not working already for  say BitshareX  ?
That a good question that Cob probably could answer, I'm curios too . 

Quote from: oco101 on October 04, 2014, 09:09:28 pm

Quote from: delulo on October 04, 2014, 08:10:11 pm

http://www.youtube.com/watch?v=coGpmA4saEk

...BitShares Music.

Very nice video !!! Thanks. It goes beyond BitShares Music, this will help anybody understand the power of blokchaine technology.

To speak with BM: Intellectual property and software patents just raise the barriers to entry and lower the overall productivity.
With my words: They are the product of lobbying and a result from the absolute need to increase profits in an economy which gets less and less productive under the weight of public debt.

If you like the video, this http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/ is a great read that shows how, blockchains, crypto tokens, network effects and and open source are a new paradigm. Bitcoin and BitShares are great examples for this.

Thanks . Actually this article  http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/is one of the reason I'm here in the first place

http://www.youtube.com/watch?v=coGpmA4saEk

...BitShares Music.

Very nice video !!! Thanks. It goes beyond BitShares Music, this will help anybody understand the power of blokchaine technology.

What about people like agent86, tonyk, and agah(sp?) that keep discussion threads active? I feel their lengthy back and forth posts are really adding a ton of value.

I'd add to the list drltc

OB is open-source - we should ask I3 to task some dev time to integrating bitUSD.

As a substantial AGS investor I would support the use of AGS funds for OB/bitUSD integration.

The ROI could be enormous and there is really no better way to jump-start bitUSD adoption.

Up until now did not see any founding from  AGS to project not coming from I3 themselves. If they wanna support the'll do it but I suggest not to  wait on them for that. I propose that a well know member a community should create a BtishareX account and we all can send bitUSD to this account, when we have enough founds in there we hire a developer. I3 could of course donate  and maybe we could use  some money from the community  found as well if they see fit.