Post
Topic
Board Altcoin Discussion
Re: Thoughts on Zcash?
by
altcoinUK
on 08/02/2016, 15:11:50 UTC

one of my points is we need to enable fans to pay musicians directly for music without a middleman taking most of it


I am not sure if I understand correctly what is required for such operation on logistic level, but isn't it one of the main problems with facilitating such payment schemes - and I think smooth pointed this out in one of the discussions you had with him - that the fans need to buy/obtain the digital currency in the first place. I would imagine to facilitate the FIAT-crypto exchange you need a serious centralized operation that complies with money laundering and other financial, data protection, etc. regulations. Ideally, the exchange should be a very easy one click process, otherwise the fans won't bother with the micro-payments. The fans won't be going through the pain of buying the digital currency/token on shitty altcoin exchanges, and therefore you would need to make the FIAT-crypto exchange with in-house solution as much easy process as it is possible, which wouldn't be then a decentralized solution. I am not saying everything must be decentralized in the world. I am just curious what is the business model with regards to FIAT-crypto exchange in your solution.