Really interesting write up and can only imagine the amount of dedication it took you to convey your message across.
I think that this is a VERY exciting time to be involved with cryptocurrency for any content creator, not just musicians but bloggers, videographers, gamers etc.
But the world we live in is all about what value one can bring to the table. By value, I mean services to others and whether or not your own core beliefs come across as genuine by the acts you do.
A lot of people will see cryptocurrency as a way to make a quick buck or for illegal activity but you and I (and I hope others reading this) know that if you want to make a quick buck, you need to understand technical chart analysis and research companies, and less than 1% of all transactions made on the blockchain (Bitcoin) are for illegal activities.
If you're intentions are true - in our case, expressing ourselves in a way that words can't express via the medium of music - then good things will come regardless if you stick to them. Good things such as feeling of well being, inspiring others (even if it's only for the duration of the song) and, if you want to further yourself and live off a passion, make a living from it.
There are a load of great ideas and projects in their infancy with this new technology to help create a true "universal income".
The tricky part is bringing it to market and get the mass population to care enough to get involved with it.
Moral of the story - keep doing what you love, good things will come :)
Great write-up! I'm not as opposed to selling my music for fiat as yourself, but there has always been a bit of a dirty feeling associated with it to me. On the other hand, as I think we've talked about before, it is/was all tied up in what seemed like the best way to get stuff out there. It is indeed awesome to see a change happening in this regard!
Though I'm only just starting down this path, the holdup I see is on the listener end. I'm optimistic that this will change, but at least from what I've seen, there's no "Spotify killer" in the cryto-music world (yet). As much as I hate that company, they did do a lot right from the end-user perspective, and I think we'll need something similar if we really want listeners to switch. I'm sure I'm not the only one to realize this though, so like I said, I'm optimistic. Exciting times for sure.
I agree there is nothing to compete "yet". Musicoin to me seems to be the most technically advanced of all the services and they are doing the right thing by concentrating on the technology first to build a strong foundation that can be built on. If you look at their white paper they are currently hosting the music files on their own servers but will be moving to a true decentralised system very soon. If this system allows instant playback then it will be easy for someone to build a Spotify like website to sit on top of it.
My main concern with decentralised music services is the delay in a song having to be fetched from multiple computers. An end user doesn't care that it is more secure and pays the artists a larger royalty. All they care about is having a huge choice of music and being able to access it quickly. If a service like Musicoin can crack that then I think independent artists at least will flock to it. Will record labels want to use it? They will resist tooth and nail but just like streaming services they may have no choice in the long run.
Very interesting take on ethical aspects of making money of art.
In my view, what we are experiencing now, is the currency system that is evolving. Initially we humans used barter, then commodity based currency(gold), fiat currency and most recently we see the rise of the cryptos. They are all means of storing and exchanging value, and if something had a value (like streaming a song from an online music service) does it really make a difference if you get paid in gold or bitcoins?
Let's take a basic human need. Food. Neither gold, dollars nor bitcoins could directly be used to fill your stommac. But you could trade their value for a piece of bread. If there is a currency system that everyone agrees on.
Based on what my creations have made me in just over a year on the corporate bigs compared to what my creations have made me in crypto over the last few months, I'm definitely backing and putting my valuable time into Crypto more. Great write up man.
Really interesting write up and can only imagine the amount of dedication it took you to convey your message across.
I think that this is a VERY exciting time to be involved with cryptocurrency for any content creator, not just musicians but bloggers, videographers, gamers etc.
But the world we live in is all about what value one can bring to the table. By value, I mean services to others and whether or not your own core beliefs come across as genuine by the acts you do.
A lot of people will see cryptocurrency as a way to make a quick buck or for illegal activity but you and I (and I hope others reading this) know that if you want to make a quick buck, you need to understand technical chart analysis and research companies, and less than 1% of all transactions made on the blockchain (Bitcoin) are for illegal activities.
If you're intentions are true - in our case, expressing ourselves in a way that words can't express via the medium of music - then good things will come regardless if you stick to them. Good things such as feeling of well being, inspiring others (even if it's only for the duration of the song) and, if you want to further yourself and live off a passion, make a living from it.
There are a load of great ideas and projects in their infancy with this new technology to help create a true "universal income".
The tricky part is bringing it to market and get the mass population to care enough to get involved with it.
Moral of the story - keep doing what you love, good things will come :)
Excellent post, I enjoyed reading your views on this ever growing subject.
For myself, I create art for its own sake. If I can get paid for it, I don't get picky about how that happens. But that's just me...
Great write-up! I'm not as opposed to selling my music for fiat as yourself, but there has always been a bit of a dirty feeling associated with it to me. On the other hand, as I think we've talked about before, it is/was all tied up in what seemed like the best way to get stuff out there. It is indeed awesome to see a change happening in this regard!
Though I'm only just starting down this path, the holdup I see is on the listener end. I'm optimistic that this will change, but at least from what I've seen, there's no "Spotify killer" in the cryto-music world (yet). As much as I hate that company, they did do a lot right from the end-user perspective, and I think we'll need something similar if we really want listeners to switch. I'm sure I'm not the only one to realize this though, so like I said, I'm optimistic. Exciting times for sure.
I agree there is nothing to compete "yet". Musicoin to me seems to be the most technically advanced of all the services and they are doing the right thing by concentrating on the technology first to build a strong foundation that can be built on. If you look at their white paper they are currently hosting the music files on their own servers but will be moving to a true decentralised system very soon. If this system allows instant playback then it will be easy for someone to build a Spotify like website to sit on top of it.
My main concern with decentralised music services is the delay in a song having to be fetched from multiple computers. An end user doesn't care that it is more secure and pays the artists a larger royalty. All they care about is having a huge choice of music and being able to access it quickly. If a service like Musicoin can crack that then I think independent artists at least will flock to it. Will record labels want to use it? They will resist tooth and nail but just like streaming services they may have no choice in the long run.
Exciting times in indeed!
Very interesting take on ethical aspects of making money of art.
In my view, what we are experiencing now, is the currency system that is evolving. Initially we humans used barter, then commodity based currency(gold), fiat currency and most recently we see the rise of the cryptos. They are all means of storing and exchanging value, and if something had a value (like streaming a song from an online music service) does it really make a difference if you get paid in gold or bitcoins?
Let's take a basic human need. Food. Neither gold, dollars nor bitcoins could directly be used to fill your stommac. But you could trade their value for a piece of bread. If there is a currency system that everyone agrees on.
Is there really any significant difference?
Based on what my creations have made me in just over a year on the corporate bigs compared to what my creations have made me in crypto over the last few months, I'm definitely backing and putting my valuable time into Crypto more. Great write up man.