Peertracks runs on the Bitshares block chain
No, it has it's own chain (BTS clone)
I mean it runs on the same insolubly flawed technology.
Also Bitshares is a highly centralized platform
What platform isn't?
Physical cash.
Cash can be canceled by governments though.
The internet is decentralized because of the End-to-End principle which makes the network redundant and fungible.
As for a decentralized currency where no one controls it, no one has invented this yet (well except maybe me, but I haven't implemented my design yet).
Monero might be quite decentralized due to its CPU-only hash function which hasn't yet been implemented on an ASIC.
Bitshares instant transactions aren't reliable, because there is only one designated confirmation node for each block period, so the performance of blocks can vary.
Poor performers get voted out, and are no longer permitted to form blocks. Only historically reliable block producers are allowed to mine.
Then it is not decentralized, permissionless. A permissionless system should be able to scale while still permitting slower nodes. In short, yeah you can guarantee anything with total control, but you also insure a power vacuum which is winner-take-all. It is an
Iron Law of Political Economics.
But even your reply is technically ignorant, because the point I was making is that no one can guarantee that a node performs well 100% of the time. Nothing on the internet is perfectly reliable. The fault tolerance must be built into the system by allowing many nodes to confirm transactions simultaneously, not a synchronous queue as is Proof-of-Stake's idiotic design.
The Peertracks Note features is interesting. It might turn audiences in P&D targets though
Yes, if that particular artist wants to make his fans angry.
Some will pretend to be musicians and give the Peertracks a bad reputation.
It is also not clear if these are illegal unregistered securities under SEC law in the USA. I do know that in the case of airplane VIP memberships the Supreme Court ruled they were not subject to the Howey test. I will need to study that more.
Good point, I read that much of the ICO went to paying for lawyers.
. The attorneys were idiots then.
Peertracks doesn't appear to do anything about enabling the unbanked to monetize music, which is one of my major goals.
Not sure what you mean, please explain.
I refuse to give my design away.
Peertracks is IMO too focused on just music. You are basically trying to turn the serious music fans into speculators. Yeah speculators here will think Notes are cool, but the actual music fans I think will perceive it to be a negative feature and an insult to love of music. You basically corrupt the musicians teaching then to do P&D instead of produce great music. Sigh.
Wrong business model. "Notes" now called "MUSE" blockchain tokens are for speculators who pay for the decentralized mining network and stand to profit if the number of transactions (fees) increases to the point that more MUSE can be burned than are created on the blockchain.
Artists (not just musicians) make "coins" for their fans that can be redeemed for front row seats, back stage passes, limited edition swag, etc.
Just sell the band paraphernalia to the users. Don't obfuscate gambling and complicate a music distribution site so you can mix gambling with music.