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Topic: . (Read 1616 times)

legendary
Activity: 1764
Merit: 1018
.
September 24, 2014, 04:42:06 AM
#19
Not sure, but looks like they have more clear idea:
http://peertracks.com/faq.html
What's this came up with a dead link ?

Link works but system still under development, if your interesting you can join discussions here: https://bitsharestalk.org/index.php?board=54.0
sr. member
Activity: 279
Merit: 250
September 24, 2014, 04:35:30 AM
#18
pretty crowded arena. this won't work
Not so sure about that? you only need a small slice of a very large pie to make a start and there's no rush as far as I'm concerned.



legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
September 24, 2014, 04:29:18 AM
#17
pretty crowded arena. this won't work
sr. member
Activity: 279
Merit: 250
September 24, 2014, 04:22:32 AM
#16
Not sure, but looks like they have more clear idea:
http://peertracks.com/faq.html
What's this came up with a dead link ?
legendary
Activity: 1764
Merit: 1018
September 24, 2014, 03:57:05 AM
#15
Not sure, but looks like they have more clear idea:
http://peertracks.com/faq.html
sr. member
Activity: 279
Merit: 250
September 24, 2014, 12:06:43 AM
#14
I'm confused - Is this the same Songcoin as was mentioned in February at http://www.ibtimes.com/introducing-songcoin-new-cryptocurrency-built-music-industry-hopes-cash-bitcoin-craze-1558599 ....that one was supposed to be released in March. 

If it's a different coin, it really needs a different name.

Thanks TS no it's not the Kasian Franks version that was never actually released.

http://www.cryptocoinsnews.com/songcoin-reveals-plans-disrupt-music-industry/

sr. member
Activity: 279
Merit: 250
September 23, 2014, 11:53:15 PM
#13
sorry, but it looks that your coin try to solve a problem that doesn't exist

Presently - there is no fair way to compensate artists for digital music downloads - our answer to that problem is to engage the fan as an Investor rather than just a listener.

legendary
Activity: 1779
Merit: 1100
September 23, 2014, 05:33:12 PM
#12
sorry, but it looks that your coin try to solve a problem that doesn't exist
legendary
Activity: 1156
Merit: 1000
September 23, 2014, 05:30:26 PM
#11
There is already a coin that does this, not only for musicians, but all artists.

AppleByte launched in NYC on May 1, 2014.




More AppleByte Details:
Announce Thread: Announce Thread
Website: AppleByte.me
Facebook: AppleByteMe FB Page
Twitter: AppleByteMe Twitter
sr. member
Activity: 455
Merit: 251
September 23, 2014, 02:06:32 PM
#10
I'm confused - Is this the same Songcoin as was mentioned in February at http://www.ibtimes.com/introducing-songcoin-new-cryptocurrency-built-music-industry-hopes-cash-bitcoin-craze-1558599 ....that one was supposed to be released in March. 

If it's a different coin, it really needs a different name.
member
Activity: 164
Merit: 37
September 23, 2014, 01:08:35 PM
#9
Some of the 2.0 coins will soon offer song file sales directly through their own inbuilt market places. They sound more likely to catch on than this.
member
Activity: 66
Merit: 10
September 23, 2014, 12:56:54 PM
#8
Did anybody else notice that it has pretty strong Ponzi elements? If you invest, the only way you make any money is if a lot of people invest after you. Not super interested in getting involved in that.

If the concept interests you, check out BitShares Music: http://peertracks.com/pre-sale.html. Much better, more well-thought out non-Ponzi business model.
hero member
Activity: 756
Merit: 506
September 23, 2014, 11:49:28 AM
#7
Sounds like the next wave of $hitcoin niches like those XXX coins (XXX, Sex Coin, Wank Coin) and the country coins.

We can put disclaimers and warn all day but people don't really listen.  If you actually want to make money off cryptos then you have to stick to the 2.0 currencies, imho.
sr. member
Activity: 279
Merit: 250
September 23, 2014, 11:37:16 AM
#6
...
How It Works

Artists will promote their music on social media to attract Songcoin Investors. If a Songcoin investor likes a song, they can invest as much or as little as they wish. Seventy percent of the invested revenue will go straight to the artist, and the remaining, divided between the preceding investors and the Songcoin technology partners.
...

This sounds like a great way for the "Songcoin technology partners" to get free money for doing nothing. Other than that, no, I'm afraid not.

The Songcoin buyers will be able to download the songs they invest in directly onto their music devices. I think this development cost will have to come from somewhere. My understanding is the exact details are still be ironed out. Thanks for the feedback.

And it's not too unreasonable that they want compensation. But consider that infrastructural services like bitpay don't get a cut of BTC transactions/investments. My point is that it's less of a currency and more of a service. At that point, why not just make a service that uses Bitcoin to do this?

Thanks MG & WS yes your right in saying that its as much a music service as a new crypto. The reason I decided on Songcoin was that we wanted a specific industry related coin. Much easier to promote than Bitcoin and it would perhaps just seem like a payment service whereas Songcoin is all about investing in Music.
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
September 22, 2014, 09:45:10 PM
#5
...
How It Works

Artists will promote their music on social media to attract Songcoin Investors. If a Songcoin investor likes a song, they can invest as much or as little as they wish. Seventy percent of the invested revenue will go straight to the artist, and the remaining, divided between the preceding investors and the Songcoin technology partners.
...

This sounds like a great way for the "Songcoin technology partners" to get free money for doing nothing. Other than that, no, I'm afraid not.

The Songcoin buyers will be able to download the songs they invest in directly onto their music devices. I think this development cost will have to come from somewhere. My understanding is the exact details are still be ironed out. Thanks for the feedback.

And it's not too unreasonable that they want compensation. But consider that infrastructural services like bitpay don't get a cut of BTC transactions/investments. My point is that it's less of a currency and more of a service. At that point, why not just make a service that uses Bitcoin to do this?
full member
Activity: 218
Merit: 115
September 22, 2014, 09:27:33 PM
#4
Doubtful, iTunes and thepiratebay seem to work pretty well.
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
September 22, 2014, 09:10:13 PM
#3
...
How It Works

Artists will promote their music on social media to attract Songcoin Investors. If a Songcoin investor likes a song, they can invest as much or as little as they wish. Seventy percent of the invested revenue will go straight to the artist, and the remaining, divided between the preceding investors and the Songcoin technology partners.
...

This sounds like a great way for the "Songcoin technology partners" to get free money for doing nothing. Other than that, no, I'm afraid not.
member
Activity: 84
Merit: 10
September 22, 2014, 09:00:50 PM
#2
no
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
September 22, 2014, 08:55:06 PM
#1
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