A question that should be of particular interest here on Steemit: do you think cryptocurrencies will have much of an impact on the way we purchase and consume music? Here are my thoughts.
Will Bitcoin Impact How We Buy Music?
7 years ago in #crypto by theneedledrop (56)
$1.42
- Past Payouts $1.42
- - Author $1.18
- - Curators $0.24
23 votes
- moon32walker: $0.73
- davidpakman: $0.18
- the-dagda: $0.13
- wanxlol: $0.13
- greer184: $0.12
- dadapizza: $0.03
- drumoperator: $0.03
- granturismo89: $0.02
- drpomme: $0.01
- benleemusic: $0.01
- omido98: $0.01
- bfaure: $0.00
- marvencelion: $0.00
- rabidbot: $0.00
- isaacdavids: $0.00
- mosha: $0.00
- hodlmetight: $0.00
- anonyma: $0.00
- theneedledrop: $0.00
- dougisaac: $0.00
- and 3 more
Its not a huge logical leap to go from the content incentivized crypto release method used on steemit to a spotify-esque platform that uses steem and the steem mentality to get artists on board with releasing to a steem driven music streaming platform. Spotify royalties are a complete and total joke and it would not take a tremendous amount of incentive for bands to begin abandoning their other streaming vehicles in favor of one that actually, decisively, transparently PAYS them the lions share of the money generating by their stream.
I know somebody is already on this, I feel like its been mentioned to me. Somebody more knowledgeable than I fill me in on who is positioned to be the spoitfy of steem!
I think crypto could definately impact the way music is consumed. It allows artists to capitalize even further off of a direct to consumer model. Let's take the example of Nipsey Hussle's $100 mixtape. Imagine if he had sold 1,000 mixtapes for the 100$ equivalent of Bitcoin at that time. It'd be worth millions today.
I think that it's great and will enable artists with the drive to be truely independant.
When's TND coin coming out?
bithony cointano
Hey Anthony, you might like to check out Musicoin for a music related currency / platform.
https://www.musicoin.org/
https://coinmarketcap.com/currencies/musicoin/
I believe the blockchain has massive implications for protecting music. This could actually lead to a renewed need to pay for music, or at least the service of music curation. Once transactions of music files are actually traceable in a ledger, it becomes more realistic to enforce charging for access to the tunes.
Great content Anthony. Been a follower for a few years now.
'preciate ya :)
good post...
Well, this already exists, as I discovered today:
https://dsound.audio/
Basically, like dtube is to video hosting, this is a soundcloud clone built on the Steem blockchain. Here's a post by the creator explaining how it works:
https://steemit.com/music/@prc/introducing-dsound-a-decentralized-sound-platform-using-steem-and-ipfs
How we consume music changes negligibly in relation to crypto I think, but how music is distributed and how artists are paid could see a huge, huge transformation based on this technology.
As you've seen in here, Musicoin has got a mention. Musicoin is more of a Soundcloud/Spotify solution where you get paid for your streams, and currently at a much higher rate than what Spotify pays out.
Audiocoin is another one though. Right now the traders are getting all sweaty about it as they're making massive %age gains on the market. But on the actual usable side of things, you've got the likes of Bjork accepting Bitcoin and Audiocoin for her latest album. Plus a music store in the form of Aurovine being Audiocoin based.
I tried to use Aurovine, but the experience was a touch buggy for me. All these startup music techs are a bit functional right now, like using crypto in general. Enthusiasts and adopters will get on with it but they don't have that mass market gloss yet.
There is potential but we're only really going to see how successful thing are when volume is directed at the technologies.
do you have any thoughts on the muse blockchain? A blockchain where people get paid when people stream their songs. Steemit for the music world. Did not know was accepting audiocoin. I will check that out.
I’ve not checked out Muse, I’ll add that to the research list.
Did you happen to get a chance to look into Muse?
I haven’t yet no. I’m planing on a deep dive fairly soon though.
Here is the website http://museblockchain.com/ the FAQ section should help you. Here is a link to one of the founders here on steemit. https://steemit.com/muse/@cob/january-muse-news
Muse is trying to do to streaming what steem has done to blogging.
I would be glad to help answer any questions that I can help you with.
buy...music?