Well - I'm perplexed at the lack of support for this coin.
Regardless, I have an investment in this coin now and to protect this investment I've decided to dedicate a minimum of 250Mh/s to the coin (24/7) - just so that transactions actually go through. It won't make things smooth, but it is better than nothing behind it (which will result in complete failure of the coin - as everyone will drop this coin if transactions don't go through in a timely manner). Plus, pools will eventually drop this coin if there is no support behind it.
How can you help?
1. Rent hash to mine the coin (although it is cheaper to use your own equipment)
2. Buy SONG on C-Cex (this coin needs to be bought at over 1300 sats to look profitable to any miner)
3. SONG will be delisted over time if there is not decent volume on C-Cex -- so buy and sell away!
We need a real timeline from the development team as to what is going on with SONG -- otherwise this is just a waste of hash.
I've offered to help in other ways - but the dev team seems to be a tight group. I'm also willing to take over SONG if the developer is ready to just sell it off and move on.
Thanks again for your continued support HD,
It's not so perplexing really as altcoins are a hard sell to to the music community. I've contacted many and the general response is that they don't understand how cryptocurrencies work. There's the major adoption sticking point and it will take some time for the mainstream to understand the concept of a universal decentralized unit of exchange. (Perfect medium of exchange for micropayments) Seemingly, they've got no issue putting down a track that nobody will listen to for $6K but when it comes to them trying to promote Songcoin that will cost them only time that's a completely different story.
Spotify Resident Artist DA Wallach has taken some early interest. He's a really smart guy and can see the potential. He wrote an excellent article regarding decentralized music metadata here:
https://medium.com/backchannel/bitcoin-for-rockstars-ca8366802f9 I'll be talking to DA & some others again later today as I believe this is a good opportunity for Songcoin blockchain 2 technology.
With regard to the forum community and their support for Songcoin. I can understand people would be wary of investing in something that seeks for it's developers to remain anonymous however I've always been very public with my identity a simple Google search will yield as much background information about the people associated with Songcoin development. There also seems to be a prevailing belief that the developers somehow own the coin and this is not true. Anyone could easily develop their own application to support Songcoin if they felt it worthy. I thought that Pindrop was the first group to show some real interest in regard to this and I offered them a substantial bounty to assist with the future development. If they were serious about Songcoin then this would've been a great opportunity. Alas they've gone to sleep for the moment.
Further to this I've decided to put my personal savings behind an experimental Android streaming app that will integrate Songcoin, Bitcoin & Litecoin as a payment. So for the past week I've been evaluating the associated development costs. Will advise further as I progress.
Thanks again
DP - Songcoin - Invest In Music