How Cryptocurrency Will Disrupt The Music Industry | 2017
Bitcoin has gained more momentum than the stock market lately. These bits of data are considered "cryptocurrency" and "coins". Bitcoin Is a digital version of money that gains value by $100 or more per day. There are countries that are currently accepting this cryptocurrency in exchange for everyday stuff. You can buy a Ferrari with Bitcoin today. This revolutionary blockchain technology will disrupt the music industry by taking the power out of the hands of record labels.
i've made about 500 in tips this week on musicoin, i uploaded some back catalog stuff and it did well. any others you guys can think of that exist, Bittunes, musicoin etc...
Look out for Dropp'd
ok, will do
Actually, it's good for the musicians because they can be paid directly from fans, not so good for money hungry record companies and their creative slavery contracts, that are always unfair it seems, to the talented musicians who are exploited to make their managers rich.
It could even the playing field for the local joe at open mic night, enabling him to get paid in crypto tips instantly from anyone.
I never considered the music industry running on the blockchain, great post!
The idea of sending someone crypto-tips is awesome. I'd love for the world to get to a point where we can send and receive cryptocurrencies on a wide scale basis, and not have to deal with the frustrating financial systems we use today.
Great news! I think of all the writers, singers, musicians, etc. who never got paid, or got paid very little of what they should have been paid. So many of them worked extremely hard, under a lot of stress, all to end up broke, or nearly broke after their companies and agents took everything.
With the blockchain, these people can experience getting paid directly for their talent. There is no shelving an act because they don't bow down to industry executives.
This way, more talent can be exposed, more artists will surface, and the world will be able to enjoy the beauty of it all. Love it!
Eish that's sad news to the music industry
Really cool...
It gets me excited to think that people are working everyday to make crypto more accessible...
So excited for the future of crypto :)
Simply I'm sooo excited for the future of music industry! The Future is here
superlative, follow up
This is an awesome concept. You hear so often about artists who get screwed by record companies or their managers, its fantastic to see a method for artists to completely circumvent that awful world and put more focus into doing what they love. Great post OP. I hope this becomes a more common practice.
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totally agreed. here are my two cents about a music/crypto future: sonecu