Post
Topic
Board Altcoin Discussion
Re: Technology vs. Marketing. Which is more important?
by
CoinHoarder
on 24/01/2016, 03:28:48 UTC
Is it possible to create interactive media where some of the participants (maybe providers of content or interaction) are motivated primarily by economic income (or a combination of the holistic benefits and income)? What are the examples out there already in cyberspace? The examples that come to my mind seem very limited in participation, e.g. live nude chat, typing job, creative job such as graphic arts or writing. Are there any music distribution sites where the providers of content are being paid by the consumers of content? Isn't it so competitive to get your music heard, that you must not charge for it?

Can anyone comment?

Of course people pay for music... https://en.wikipedia.org/wiki/Comparison_of_on-demand_streaming_music_services
This is a good article: http://www.coindesk.com/bitcoin-rockstars-cryptocurrency-music-industry/
The Bitshares ecosystem has been working on an interesting solution which allows listeners to invest in the success of an artist or band, and profit off of finding good talent early in their career: http://peertracks.com/

I think social media can possibly be taken over by cryptocurrency/decentralized/blockchain technology. Think about it... Facebook has a market capitalization of 266.3 billion. What if a portion of their net profit was distributed to its users instead? Which service would you use... one that makes money off of you providing you nothing in return, or one that pays you to use its service? There are likely a few projects attempting to capitalize on this space. The only one off the top of my head I can name is Synereo and I am on the fence as to whether it is is a legit project or a P&D... I am waiting on the sidelines for now. http://www.synereo.com/

Cutting out the middlemen in "live nude chat, typing job, creative job such as graphic arts or writing" could prove to be a lucrative decentralized business plan as well. Any business that is ran by middlemen can be eliminated by decentralized technology. People call all these random features "gimmicks", but they fail to understand that we are cutting out middlemen with each feature added. Coins like Nxt and Bitshares are attempting to become the Google/Apple of blockchains, and this is a successful model in my opinion. That is why I support them so. All of these "cryptocurrencies are only supposed to be used as currencies" types really annoy me, because I think decentralized technology is going to be very disruptive in a lot of industries.