Topic: Could bitcoin save the music industry? (Read 2647 times)
Of course, by building trust and transparency between artists, supporters, fans, and industry service providers so that it will create a bitcoin ecosystem as a means of exchange in every activity that exists
With blockchain, i am believe we can save music industry. Bitcoin creating more opportunity, if every music label accept bitcoin for payment, i am believe music industry will more attractive because we are living on technology world
I don't think the music industry needs a crypto format. Putting music in a digital frame means letting it die. It's an interesting idea, but it's pointless for the music field. Such technologies are much more useful for other spheres of human activity - Economics, Finance. education, medicine, etc.
Definitely, if bitcoin can really help the financial situation of the world then music industry is inclusive
Storing Music in Blockchain is not possible because each block contains only 2 mb data and music needs 4+ mb datas to store. It can be that music industry can do transaction in cryptocurrency but they cannot store music in blockchain.
We have to see option on erc20 tokens if it is possible, it it got success then it will really give a very big boost to erc20 token platform.
You're right with what you said but music wont be store on the blockchain because blockchain will only be use to monitor/calculate the number listener or download of music. However, I have seen alot of music project which were implemented on the ERC20 and I believe it work fine cause if not there wont have be more. We have to see option on erc20 tokens if it is possible, it it got success then it will really give a very big boost to erc20 token platform.
The music industry doesn't need to save, it is developing very well now.
Don't think of bitcoin/blockchain is omnipotent. In fact, many industries that have developed well now do not necessarily need blockchains.
Don't think of bitcoin/blockchain is omnipotent. In fact, many industries that have developed well now do not necessarily need blockchains.
Bitcoin is to the financial industry
Bitcoin is indeed a financial industry but transactions can be used in all needs, depending on the user. If the music industry sells its work with bitcoin transactions the music certainly has high potential to be developed. Today many digital industries can be utilized and have advantages, so I think the music industry can run with bitcoin and later can help it.
I think there is no connection with the music industry and I am not happy that we are used by the music industry because there is no connection and the relationship is absolutely the same with bitcoin technology
Bitcoin can be related to music, especially for digital music download payments. In this case bitcoin is positioned as a user who will save the music industry, because conventional transactions are outdated. Downloading music with digital payments makes the music industry get payments directly.
Storing Music in Blockchain is not possible because each block contains only 2 mb data and music needs 4+ mb datas to store. It can be that music industry can do transaction in cryptocurrency but they cannot store music in blockchain.
We have to see option on erc20 tokens if it is possible, it it got success then it will really give a very big boost to erc20 token platform.
We have to see option on erc20 tokens if it is possible, it it got success then it will really give a very big boost to erc20 token platform.
Storing Music in Blockchain is not possible because each block contains only 2 mb data and music needs 4+ mb datas to store. It can be that music industry can do transaction in cryptocurrency but they cannot store music in blockchain.
We have to see option on erc20 tokens if it is possible, it it got success then it will really give a very big boost to erc20 token platform.
We have to see option on erc20 tokens if it is possible, it it got success then it will really give a very big boost to erc20 token platform.
The blockchain is very useful for every platform, including the music world, but there are some things that must be considered.
1. copyright regulation
2. royality payments
3. technical royality calculation
4. capital in the future.
1. copyright regulation
2. royality payments
3. technical royality calculation
4. capital in the future.
No, bitcoin don't have all of this power !
If we want to save music industry, we mustn't download music from internet
If we want to save music industry, we mustn't download music from internet
This answer.
It is the new age where everything can be downloaded by now. Or should be for easy convenient keeping.
No more CD's that will get scratched and afterwards would not work anymore.
Anyway I do believe there is another way for bitcoin to save the music industry. It is not thru blockchain which you are proposing. It is the means to buy it. Bitcoin as internet money, music in internet. I do think that it connects already.
Faster, no credit cards and not too much information of the buyer to leak. Besides we are just buying music. Why the need to know who I am.
Well we know that everything is recorded on the blockchain so how this can be effective if its all about the copyrights for those songs, music that has been protected by law?
I don't think that there is a connection between the music industry and btc but i don't know maybe this is possible if some experts think so. As for me, I don't see any great chances that btc will be able to save music industry
There's no connection with cryptocurrencies but OP is asking about the technology, blockchain if its possible to do what he's saying.
They're trying to tackle a similar problem, but streaming off the blockchain would be inferior to just downloading an mp3. A specialized DAC/DAE could do this type of stuff and we may very well see it disrupt the music industry 10 years from now. You pay the DAC and it gives you the music. Eliminating the parasitic middlemen that have plagued the music industry for decades.
I don't think that there is a connection between the music industry and btc but i don't know maybe this is possible if some experts think so. As for me, I don't see any great chances that btc will be able to save music industry
I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.
Is very possible ....but i personally think is a matter of time!...Let's keep on supporting the space...anything is possible!
No, bitcoin don't have all of this power !
If we want to save music industry, we mustn't download music from internet
If we want to save music industry, we mustn't download music from internet
This answer.
It is the new age where everything can be downloaded by now. Or should be for easy convenient keeping.
No more CD's that will get scratched and afterwards would not work anymore.
Anyway I do believe there is another way for bitcoin to save the music industry. It is not thru blockchain which you are proposing. It is the means to buy it. Bitcoin as internet money, music in internet. I do think that it connects already.
Faster, no credit cards and not too much information of the buyer to leak. Besides we are just buying music. Why the need to know who I am.
I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.
Blockchain can be very transparent, but it is possible to continue piracy because people can create any new record with the copied track. It's like creating a new Altcoin based on any Altecin's Blockchain platform. 
Yes, Yes, Yes and Yes again!!!That's genius!What should be done for this?)I'm in!)))But if without jokes,then this is a really great idea!In my head immediately drew a picture of how it can develop.It will open a whole ocean of possibilities!
I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.
What is the difference between your approach and the usual streaming with Donat? The band Radiohead on streaming has earned its biggest fee for all albums. All from the donuts. Basically being able to buy music directly is a good idea. Through bitcoin and cryptocurrencies as well.
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