Likewise - I see far too much speculation and crypto-mania and not enough compelling original content. I am a media composer primarily, and my main hope for musicoin is partnerships with record labels and established musicians. As to your garageband user comment - There's gotta be some level of credibility - but - other platforms like soundcloud and bandcamp are not filtering their content for quality either... they are providing a service.
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I hate to beat on GarageBand as lots of people want to live the dream, but they want to do it without the work. Any level of achievement in playing, songwriting, producing etc. doesn't come easy. It takes a lot of dedication. If you like jazz you can check out my site www.leehutchinson.net