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RE: Cyber-FM Radio : A Paradigm Shift in the Music Industry
Let me tell you this, When we talk about SUPPLY for CYFM, you have to remember that they are solving a legal issue for all Countries based on their law. There's currently 7 billion people in the world. Legally (in theory) every single person in the world is supposed to be accounted for when paying Royalty payments to the Country.
Imagine how many CYFM you would need JUST TO PAY FILSCAP in the Phillipines for Phillipines Music?
Add ASCAP / BMI / SESAC in the United States
Add SOCAN in Canda.
That's only 3 Countries... for project success. based on individual laws, 102 Billion CYFM is actually a small number.
If you are explaining that Cyber-FM needs 6 billion tokens because the whold population in the world is 7 billion.. that's ridiculous.. you need to only count the population who are aware of cryptocurrency. Most of the 7 billion people all over the world will pay the Royalty payments(whatever it is) with a CASH. please find better reason to keep whole supply more than 6 billion. that's pretty enormous amount.