Quote from: cob on February 06, 2014, 04:12:38 am

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?

It sounds like you're envisioning a revolutionary way to value creative works without traditional frameworks. The challenge lies in creating a decentralized system, like using blockchain for tracking virality metrics. (False patent marking)(URL removed) parallels this—just as it misrepresents innovation, relying on outdated mechanisms to value songs could misrepresent true market dynamics. A betting model might leverage streaming data or social media trends to predict virality, with transparent, open-ended mechanisms rewarding accurate forecasts. Could a tokenized staking system help bridge the gap between creativity and predictive markets?