Could bitcoin save the music industry? - page 3.

J Gambler

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Quote from: thatguyrob on June 13, 2014, 03:41:24 PM

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.

That's quite possible. Even Movies as well. We can take an advantage from the Blockchain for that.. Bitcoin is so widely used cryptocurrency as of today.. The music industry is not dead, our music industry is constantly changing. But we need to eliminate the cons for that if there is. So if we can make use the power of blockchain, that would be a big YES.

ruybanoya

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blockchain can save music industry like upload music, license music, chart music and many more.

mensahkkofie

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I believe it would be really possible for this to happen in the very near future. I think more research needs to be put in place in that respect so this can become a reality. The music industry is really viable. Everything is possible with the right application of blockchain technology.

celot

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Everything could save by bitcoin, not only the music project could save by bitcoin but also all of project in the world could save by bitcoin, when you use bitcoin as your transaction you save your money for your future investment.

Cenenigo

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Bitcoin is to the financial industry what BitTorrent is to the music industry

halfawake

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Quote from: InwardContour on June 22, 2014, 09:23:00 PM

Microtransactions would be a better solution then trying to store music in the blockchain. Having that much data in the blockchain would be extremely expensive to store and have a TX confirmed.

Buying a single song with a credit card for $0.99 would likely cost the merchant close to $0.30 as most credit card processors charge $0.27 plus 3%, the same transaction on the blockchain would cost close to $.06 if anything at all.

Indeed. And ultimately, a company has already created a decentralized version of itunes that they call bittunes. But I'd think the logical thing to do if you're a musician is to just cut out the middlemen entirely, or if you're going to, use something like Coinbase so you can keep all the bitcoins. That way, artists could charge $0.99 and get the full $0.99 instead of that less the middleman's fee. Ultimately, I suspect the centralized route is always going to be more popular though because it's just easier for people to look for music in a central place like iTunes (currently the dominant place to sell music).

phillipsjk

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Let the chips fall where they may.

Quote from: franky1 on June 18, 2014, 10:04:20 PM

imagine that when playing there was a (out of ear's frequency range) a soundbite that was the address of the user. you personally cant hear it. but any sound ripping software or lowtech (tapedeck to speaker) method, recorded it. and then when on torrent sites. the music labels can use sound software to get to the address soundbite part. find out who ripped it. then ban that user from ever getting another song from them.

I suspect HDCP does something like this. Why else would the High-definition video formats use a 192kHz sample rate for all of the audio channels? To put that in perspective, FM stereo broadcasts fit in 200kHz of bandwidth.

For those not aware, Nyquist's theorem states that the sample rate need only be twice the highest frequency in the audio. That means that a 192kHz sample rate is able to encode audio up to a frequency of 96kHz. It is generally accepted that the limit of human hearing is only 20kHz. I am one of the rare people that can hear over 18kHz as an adult.

And yes, HDCP does allow the studios to remotely shut-down your Blu-ray player or monitor if it was used to produce a copy found on Torrent websites. Thing is, these HD formats are huge. Trans-coding is often used to get the file-size down. It may very well filter frequencies people can't hear. Edit: people don't rip the decoded frames on the way to the display anyway: they simply break AACS (the on-disk encryption) before HDCP even sees the video.

InwardContour

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Quote from: rext on June 22, 2014, 11:08:16 PM

Quote from: InwardContour on June 22, 2014, 09:23:00 PM

Microtransactions would be a better solution then trying to store music in the blockchain. Having that much data in the blockchain would be extremely expensive to store and have a TX confirmed.

Buying a single song with a credit card for $0.99 would likely cost the merchant close to $0.30 as most credit card processors charge $0.27 plus 3%, the same transaction on the blockchain would cost close to $.06 if anything at all.

that is way lot cheaper

It is a lot cheaper and the result will be that artists will get to keep substantially more of their revenue, it would be like them getting a 30% raise.

rext

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Quote from: InwardContour on June 22, 2014, 09:23:00 PM

Microtransactions would be a better solution then trying to store music in the blockchain. Having that much data in the blockchain would be extremely expensive to store and have a TX confirmed.

Buying a single song with a credit card for $0.99 would likely cost the merchant close to $0.30 as most credit card processors charge $0.27 plus 3%, the same transaction on the blockchain would cost close to $.06 if anything at all.

that is way lot cheaper

InwardContour

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Microtransactions would be a better solution then trying to store music in the blockchain. Having that much data in the blockchain would be extremely expensive to store and have a TX confirmed.

Buying a single song with a credit card for $0.99 would likely cost the merchant close to $0.30 as most credit card processors charge $0.27 plus 3%, the same transaction on the blockchain would cost close to $.06 if anything at all.

freedomno1

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Learning the troll avoidance button :)

Yes in a sense that it can decentralize the music industry by allowing indie artists a mechanism to gain popularity and tips for their work
Or by charging a small transaction fee from each user that is pooled together into one larger transaction over time
Leaving a balance in that persons account that slowly decreases add a faucet if people want to contribute for free.

As a music player maybe if combined with something like Maidsafe and decentralized storage may work theoretically
How it would play an audio file is complicated though lol.

CoinHoarder

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In Cryptocoins I Trust

I am all for decentralization, however for this to work you would need to eliminate sound. Roll Eyes

As long as music makes sound, it will always and forever be able to be ripped and pirated using recording equipment and peer to peer technology.

Someone somewhere would pay for the song, rip it, and share it. That's just how it works and that's how it will always be.

When people have the choice in between free music or the same exact version of the music at a cost, they tend to choose the free music.

I guess this could possibly replace some pay-for-music services, but really who pays for music nowadays?

keithers

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I don't think the music industry necessarily needs saving. I do however think that btc had the ability to revolutionize the music industry. Artois are going to maybe be able to work support of as free agents once they doggie out they can make all of the profits from their records without the label taking such a huge cut.

zimmah

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I'm not sure if people would go through the hassle of doing this rather than iTunes or Torrents

Free or paid music is so easy to download nowadays that it's hard to imagine people will actually pay for music. Theoretically it's possible to use blockchain-like technology to share data and use the blockchain as a form of DRM, but i'm not sure we can move away from our current systems.

It could make new games harder to pirate though.

franky1

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Quote from: cech4204a on June 18, 2014, 10:09:48 PM

But you can still make software to sense those frequencies and to eliminate them or to modify them, by doing that you lost trace. And you have piracy again.

i know its impossible to stop it, but im just throwing out idea's to not make it so easy. and it all depends on how the users bitcoin address is addd into the song, to make it normally indistinguishable from the song itself

cech4204a

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Quote from: franky1 on June 18, 2014, 10:04:20 PM

Quote from: cech4204a on June 18, 2014, 09:42:05 PM

You have a great imagination and a good idea, somehow i still believe that music industry can't be saved in that way, since it's not preventing piracy, it's just making sure that the one that paid has the ability to stream. Problem comes when someone want's to audio-tape stream and put it on U-Torrent or simmilar. Torrent's have to be banned and blocked by every ISP and problem is solved forever.

imagine that when playing there was a (out of ear's frequency range) a soundbite that was the address of the user. you personally cant hear it. but any sound ripping software or lowtech (tapedeck to speaker) method, recorded it. and then when on torrent sites. the music labels can use sound software to get to the address soundbite part. find out who ripped it. then ban that user from ever getting another song from them.

similar theory to how all files have metadata hidden inside

.. a new thought 1 minute after writing ..

now comes the problem of multiple user accounts to avoid the ban.

But you can still make software to sense those frequencies and to eliminate them or to modify them, by doing that you lost trace. And you have piracy again.

franky1

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Quote from: cech4204a on June 18, 2014, 09:42:05 PM

You have a great imagination and a good idea, somehow i still believe that music industry can't be saved in that way, since it's not preventing piracy, it's just making sure that the one that paid has the ability to stream. Problem comes when someone want's to audio-tape stream and put it on U-Torrent or simmilar. Torrent's have to be banned and blocked by every ISP and problem is solved forever.

imagine that when playing there was a (out of ear's frequency range) a soundbite that was the address of the user. you personally cant hear it. but any sound ripping software or lowtech (tapedeck to speaker) method, recorded it. and then when on torrent sites. the music labels can use sound software to get to the address soundbite part. find out who ripped it. then ban that user from ever getting another song from them.

similar theory to how all files have metadata hidden inside

.. a new thought 1 minute after writing ..

now comes the problem of multiple user accounts to avoid the ban.

.. a new solution 1 minute after writing ..

knowing the address that recorded and uploaded to a torrent site. (if part of a subscriptions app where funds are deposited) youtube/spotify/bitcoin developed music service can then 'fine' deduct $0.0008 out of the users account per seed/leach sen on the torrent site, thus De-incentivising people from uploading to torrent sites as it would end up personally costing them

cech4204a

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You have a great imagination and a good idea, somehow i still believe that music industry can't be saved in that way, since it's not preventing piracy, it's just making sure that the one that paid has the ability to stream. Problem comes when someone want's to audio-tape stream and put it on U-Torrent or simmilar. Torrent's have to be banned and blocked by every ISP and problem is solved forever.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Carlton Banks on June 18, 2014, 02:31:57 PM

The industry could end up dying, and be much better off for it.

Artists can now produce recordings themselves, distribute recordings themselves, promote themselves, and now they can receive the payments themselves. Almost all the middlemen are gone when it's structured like that. I feel tempted to say that better artists will get more recognition if that became the prevalent model (some less commercially oriented artists these days are still seduced by the cachet of signing a record contract)

Well said. The blockchain is going to do this for a whole slew of different industries. BTW, you and are going to get along like peanut butter and sex.

franky1

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Quote from: Carlton Banks on June 18, 2014, 03:30:09 PM

Quote from: franky1 on June 18, 2014, 02:36:09 PM

Quote from: Carlton Banks on June 18, 2014, 02:31:57 PM

The industry could end up dying, and be much better off for it.

music industry wont die. just the corporations in it... music and bitcoin cant be killed,only businesses/humans can

Yes, that's what I meant by saying the industry will die. Get rid of the middlemen, who are simply parasites

well the way to get rid of the middle man would be to invent a flash player that only activates when it see's a TX appear.
that way music artists can have their own player on their own website with a QR code showing. and when someone pays to the qr code, it plays.. that is how i see a decentralised way, but i know users prefer to have one app that brings all songs together (a middleman)

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