Post
Topic
Board Announcements (Altcoins)
Re: [ANN]  🎸🎸 Announcing $MUSIC Alliance 🎼🎼🎼
by
ngin-x
on 20/08/2017, 09:44:43 UTC
i think they are said something about a cap or a control on production of coins , its infinate due to the amount of plays that could be generated over many years , it would be a crazy high number , i read they are changing the 1MC per play model and doing a UBI solution , Universal basic income payed for by mining the coins, they are pegging the artist money on Fiat not on the Musicoin Price or BTC price , from what i understood that is i could be mistaken , i think they have realised that the coin value needs to be much higher and limited , so it wont need an infinate number , they should cap the coin , create value and in 5 years be a trillion $ entity hosting a billion artists with a coin worth £1000 supporting a global planatery music system , its absolutly possible with BlockChain Dapps , and the local access supercomputers for cheap, Brave New World folks !

UBI sounds good in theory but it's another move that will suppress the price further. Correct me if I am wrong but UBI will ensure artists get paid a portion of the mining rewards so that users can listen to songs for free. Music will be reduced to a mere tipping coin. How do they expect the demand for Music coin to rise if nobody is forced to buy it? It's good for the users but bad for the holders.