Author Topic: Interesting article....  (Read 725 times)

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Offline Philogus

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Re: Interesting article....
« Reply #1 on: May 21, 2015, 01:44:44 am »
It doesn't matter.  Peertracks is so far ahead of any Bitcoin-based solution that there is no chance that one could be released before Peertracks goes live.  As long as Peertracks is a solid product, they should have no problem capturing a lot of the music service marketshare.  The crypto-equity aspect makes me think that Peertracks could end up being a lot bigger than many think.  We'll see soon.....

Tuck Fheman

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Re: Interesting article....
« Reply #2 on: May 21, 2015, 03:05:06 am »
also ...

Quote from: CIYAM on November 02, 2014, 11:42:56 AM

I was in discussion today with some people from the music *industry* (for those that are not aware my major at uni was music and in particular music composition).

I have an idea that we can create an AT to *change the music world* and get rid of all the middle-men that currently control it (the main reason I did not become a professional musician).

An AT would be created by a sponsor (think about the sponsors that made all of the classical music we have if you have trouble believing that anyone would do this). This AT would wait for a proven signature from the artist that would include a hash of a hash of a poor quality version of the artwork.

Once the artist has seen that the sponsor has sent the hash of the hash (assuming they are happy that the poor quality version is what they want the high quality version to sound like) then they send the first hash and the final product is released (ensuring that they get paid). If they don't actually release a good quality product then everyone will know that (so the artist's rep would be damaged greatly).

The AT once it sees the valid hash will send the funds to the artist (if not done in time a refund would occur to the sponsor).

It requires no middle-men and allows sponsors to get recognition (if they choose to go public) for artworks (and gives the artist recognition whether or not the sponsor wants to be anonymous).


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