i'm a music producer/recording artist.
trying to understand this, but I'm not convinced this would actually generate any significant amount of revenue. I don't see how you're going to attract the large amounts of artists and fans who would be necessary to allow this ecosystem survive.
I like the innovation, even if I'm still not totally clear on it, but it seems to me that what you're really building here, blockchains aside, is a social network. so for that you really need to sell us on the marketing strategy.
Bitcoin is experimental and in beta. this is an experimental system on top of that.
Basically you create your own social network. You can issue a "coin" or "shares" in your artist sort of like crowdfunding. Since people own a "piece" of the artist they theoretically promote them in order to sell their "shares" at a higher value at some point. you can offer coins for actions like commenting on a story, purchasing products, etc. and you can redeem the coins too for whatever.
While system uses the decentralized blockchain, but the artist is not. To offer a "coin" or "shares" for an IPO opens up so many legal questions I would not know where to start. You could be seen as an administrator of a digital currency by FinCEN, offering a security by the SEC, a commodity by the Commodity Futures Trading commission, State laws, ... they mention Napster in the white paper but they failed to mention the total legal fees it generated.
