There is this episode of Bitcoins and Gravy (on LTB network).
It's called Episode #55: BitTunes: Setting Music Free!
Simon Edhouse is the man behind BitTunes, and he's taking it very seriously.
I was going to go through the episode and pick out any bits which may be useful but I don't have time right now.
Does anyone know if Cob and co. know much about BitTunes' plans?
As far as I got it (most important stuff seems to be around 45 min - 1:05) it like filesharing of songs (everyone can offer songs for download)
+ those that previously downloaded a song and keep on offering it for download get rewarded for that (discovery / incentive mechanism to download good songs before anyone else does)
+ artists officially authorize the sale of their songs
+ customers pay in Bitcoin and artist receive Bitcoin.
+ No artist coins but a list of most downloaded songs (in categories). Songs that are in the top 100 cost 1 usd songs out of top 100 cost 50cents.
Money from songs purchases goes to:
- If in Top 100: 20 to Bittunes, 40% to Artist, 40% to Seeders.
- If out of Top 100: 50% to Artist, 50% to Seeders
Always 5 seeders are choosen to be paid randomly if there are more than 5.
Everyone has a deposit account and an earnings account.