Topic: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸 - page 112. (Read 287572 times)

I think what we see with Musicoin vs. Musiconomi is two different approaches. Musicoin is squarely focused on a new paradigm, while Musiconomi gives a lot of nods to the old. Both approaches have their merit.

Personally though, I believe that Musicoin is taking a path that will satisfy both the new artist and the old industry.

Musiconomi can make valuable services for everyone, but at this point it seems like their % are too skewed to really help many. It seems like that breakdown will just reinforce the old paradigm where no one gets much money, like Soundcloud, Spotify, etc. That's just my unprofessional take from it all, so far.

The other thing I think worth mentioning though, is that at this point, all other Music blockchain projects must be measured  against Musicoin. I think that is valuable in and of itself.

I'm going with "shilling". Music at >$.02 is definitely very cheap, but the right price atm. It will go up, and significantly, I just don't see $100 a coin. Seems crazy with the amount of coins out there.

However, I do see $10 a coin happening based on coains being hoarded up in the UBI and burned off with some future streaming strategies. This coin can snowball. IF it looks super profitable to streams and be self-sufficient then artists and labels will be flocking for this!

Redacting their arrangement with $Music last minute is not a good look for Musiconomi. I am certain this will hinder their ICO unless reconsidered.

Nonetheless, $Music is the stronger project. I'll keep with them.

Did any math go into that $100 figure, or just your "fundamental analysis", or just is it just blatant shilling? Just curious.

If MUSIC goes mainstream in 5-10 years, $100 would be not enough per coin. However, long road to go.

I think UBI will unleash the beast on Musicoin. 20% of coins mined go tho the UBI pool. Musicians get paid a flat rate of $0.02 per play equivalent in $MUSIC.

The more the plays, the more the coin becomes scarce in the UBI pool --> The higher the price of the coin.

The only thing that needs to happen is either a big artist comes over bringing his/her listeners. Or indie artists attract enough listeners, which in turn will make some noise, attracting some big artist. One's gotta give.

Nice pic, but need more information

Thanks for the update info, so this tells me they need the COIN to be worth a decent amount, do you think they will cap the coin ? i know they have a mechanic working to stabalise the price , they said they want to be above the rest of the competition , Heel the world looks ok

Just 25% up for sale? Lol, screw them. This is a blatant cash grab. Even the Musicoin team has clarified that they have NO relationship or partnership with the Musiconomi ICO or it's devs.

We Need some FACTS from the team , whats happening near future ?

I wish Musiconomi team well but it does look like yet another "make us rich ICO".

To be Issued: 100 million MCI tokens
Breakdown:
25% release to public
25% team, partners
25% Strategic Partnership Reserve
25% future release (2018/2019)

No music perspective or what so ever. Simply Musiconomi is separate from $MUSIC. Yes, maybe some person from Musiconomi was in $MUSIC team at the beginning. But right now, this doesn't matters at all. They want just use ETH to collect more money. I'd rather participate in $MUSIC ICO, and not in Musiconomi. Because Musiconomi is most likely another make us rich ICO. Also, they said that part of funds they collect from ICO, will be shared with  $MUSIC developers. But I have no idea, why we need such a scheme, when we can just support $MUSIC developers directly.
I supported Musiconomi from the beginning, but after too "widespread and talking about everything" whitepaper, and announcement, that they will use ETH, I'd rather buy more  $MUSIC, instead of investing in them.

Yes, my thoughts about current $MUSIC price, is that is very cheap. It's not profitable enough to mine, in regions with expensive electricity, for less then 640 satoshis. And $MUSIC was 1200+ some time ago. So yes, I could say someone who will buy now, and hold for year or two will be a very happy person.

This is an interesting answer. The Musiconomi team, which was part of Musicoin initially, said that the Ethereum blockchain was too slow for Music consumption, and that is one of the reasons Musicoin decided to start their own blockchain. I'm not a fintech expert, but I do wonder if the Ethereum blockchain could sustain several music tokens with thousands of teenagers listening to music all day. It's already slow now.

From the Musiconomi perspective, I think starting with ETH is right for them because they plan to provide services, it looks like, for the many music blockchains. As most right now are being developed on ETH, it wouldn't make sense to do so otherwise. But even then the question remains: can the existing Ethereum blockchain sustain daily use of music at this point? If anyone knows this, please chime in.

Devs aren't walking away from it, things are just now heating up.

In answer to my own question:

-------------------------- from musiconomi crowdsale faq --------------------------

Why does Musiconomi use the ETH blockchain instead of Musicoin?

The Musicoin blockchain project will not be large enough to support the required transactions, security updates and functions that will be required for the Musiconomi platform. After long internal discussions and the direction that the Musicoin blockchain is going, we felt that our end users would have a better overall experience on the ETH blockchain.

-------------------------- -------------------------- --------------------------

OK guess I'd better stop mining this coin as even the developers appear to be walking away from it.

Are the Musiconomi tokens going to be on the Ethereum blockchain or the Musicoin blockchain?

It was originally going to be on the Musicoin blockchain from what I'd previously read but I'm seeing Musiconomi ICO reviews saying MCI tokens will be an Ethereum token.

Can someone share the latest comma delimited list of enodes?

musicoin wallet does not show the transactions.

I had hopes up for 0.6 but that doesnt show either.

so basically all of them suck but the ones you like? Coinexchange is horrible. All shitcoins and the interface sucks.. they cant ever get their wallets working right and have extremely high withdrawal parameters..need 2000 doge just to withdraw.. ridiculous.

sorry but ive dealt with lots of crypto wallets and this one is probably one of the least functional i've come across. When the wallet is first opened and trying to sync I cant do anything in it. Even though it says open wallet before sync is complete. When I do it only opens and then basically freezes. I dont see any console to run commands, no easily accessible config file, and the directions you have all posted are very confusing and dont seem to help anyone. Esp when directions just say add these nodes.. ok, sure but where? see thats the point, it should be easy to add nodes. I cant even add them in the wallet because it freezes when I open it. Most of the time you make your own config file if one isnt created when you run the client and at the rpc, etc to it with the "add node" command at the end, save it and restart the wallet. Ive even watched the you tube video and while its a nice try it still doesnt help. You should put toghether a step by step manual and post to the first page so people have a place to go to get help. All the other wallets Ive used and had to fix or sync have had very easy config files to edit and maually configure. You really should work on the wallet and its funcionality. If users have a difficult time they will give up and people will lose interest. Wallets should be very easy to use.

ill use an example of what I mean with denarius coin. This is how easy it should be to add the config and your nodes, etc.

You would migrate to

C:\Users\"your user"\AppData\Roaming\Denarius

create the denarius.conf with notepad and add the following; ----> once this file is saved, close the folder and restart the client and BANG, it syncs.. simple

rpcuser="your user name"
rpcpassword="your password"
rpcallowip=127.0.0.1
rpcport=32339
server=1
daemon=1
listen=1
addnode=yiimp.ccminer.org:33339
addnode=172.93.53.210:33339
addnode=104.233.106.135:33339
addnode=109.205.244.150:33339
addnode=115.207.158.4:33339
addnode=130.255.12.2:33339
addnode=142.105.20.251:33339
addnode=147.135.191.162:33339
addnode=159.118.167.26:33339
addnode=163.172.4.66:33339
addnode=167.114.103.43:33339
addnode=172.93.53.210:33339
addnode=173.150.158.71:33339
addnode=189.186.121.70:33339
addnode=192.3.196.202:33339
addnode=200.92.17.152:33339
addnode=36.81.2.210:33339
addnode=37.146.173.97:33339
addnode=49.169.43.77:33339
addnode=5.9.112.62:33339
addnode=73.135.197.253:33339
addnode=75.174.67.156:33339
addnode=77.38.55.82:33339
addnode=82.114.227.101:33339
addnode=82.114.227.188:33339
addnode=82.114.234.204:33339
addnode=82.114.238.71:33339
addnode=82.114.251.198:33339
addnode=85.108.170.179:33339
addnode=88.254.45.178:33339
addnode=91.77.206.228:33339
addnode=94.250.129.128:33339

Having to create the start.bat file then adding nodes into the console via gmc can be too difficult for some people who are new to this and no very computer literate. It shouldnt be made to be easy. I think unless some of this changes you may not get the involvment from people who dont want to take the time of have the patience to learn to do this stuff. Just saying. I think you have a good concept here with the coin, I love it, just think the devs should make things a bit easier with the wallet sync. Especially since ive seen post after post about people having issues syncing the wallet.