Post
Topic
Board Announcements (Altcoins)
Re: The Cypherfunks[FUNK]: crowdfunding global band! Talking v2. Join! 80+ songs.
by
simondlr
on 01/07/2014, 16:42:17 UTC
I like the idea as well where staking only occurs if you are contributing to the broadcasting network.

This does seem to be closing the trifecta... We have incentive to OWN, incentive to SPEND and incentive to BUY... All of the elements are there. Just got to ensure they're all solid. Also IRL usage is integrated in the core concept - people love to listen to and discover new music.

There's even room for keeping the tipping involved in it. Someone's public address could be incorporated in the magnet metadata, so tipping would be a matter of pressing "Tip" in the wallet, and it'd send a tip DIRECT to the person who uploaded its wallet.

In fact could tipping be a double vote (a "like" being one)? Obvious abuse potential, but considering it costs money it doesn't really harm anything because to keep it high in the charts would cost a fortune...

A tip could indeed count as a vote if address is embedded with the song!