Post
Topic
Board Bitcoin Discussion
Re: Article on how the blockchain is revolutionizing the music industry
by
Carlton Banks
on 31/08/2015, 18:14:20 UTC
The article discussed several companies in this space. ArtByte Music Store does exactly what you are talking about. Removing the middlemen and letting artists sell their music for the digital currency direct. Musicians keep 100% of the proceeds. It is free to list, and never are never any fees.

I agree that ArtBytes resembles my ideas most closely, it seems to be an altruistic project. But it also resembles other services that I am a little dubious about; people like Storj and Maidsafe. Artists that use it are taking a risk on the exchange rate of the tokens in the system. I hope it works out for them though, appealing to all types of artists is a sensible strategy. Still can't help thinking that it's not quite the ideal model yet, but they're all pioneers at this stage, somehow a winner will emerge.

I feel like musicians have become overexcited about this technology, they're forgetting that selling recordings isn't viable anymore whether they own blockchain title or traditional publishing rights.

If you sell digital goods that are to be consumed in analogue, there is only 1 copy. Get the best price for that 1 copy that you can, because once you've sold it, it's as good as everybody's. Alot of work goes into recording music, I know that, but you can't fight reality.