This would be funnier if it wasn't true. This model as it stands is broken. There is no incentive for anyone to ever buy any $MUSIC. This is unfortunate because I think that the digital pay-per-play model enforced by smart contracts is a wonderful fit for crypto but the economics of this thing aren't balanced right.
When you pull the UBI money straight from mining you break the incentive loop for the listener to fund an account.
A better play would be to partner with existing music providers to build the pay-per-play or personal right-to-use model into existing music platforms. (Easy to type on a forum, hard to execute IRL....). In this model people would buy the currency to use to pay for the rights to play the music on the platforms, but now the platforms all need a piece of the pie as well.
Ah well, enough of my ignorant rambling...can anyone explain how this model does anything but loose steam after deployment?
Seuss
Mining won't be feasible for ever, and in fact, not for much longer. It's going to be hit by the ETH ice age difficulty coming up end of year. People seem to forget mining for this coin will be done shortly so new supply will not be a thing.
The ice age doesn't help with the way this model is laid out. When people stop mining the UBI pool stops getting funded which means that the free money for the artists stops rolling in. Scarcity may drive the price up but in essence we are right back where we were before UBI except now there is less mining and there is *STILL* no incentive to buy the coin.
Don't get me wrong, I am accumulating this coin and I hope to see widespread adoption and success, I just don't quite grok the economics of it yet...
-Seuss
) fuck music 
