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The Blockchain Might Change the Music Industry

• davidgerard 11y ago
  tl;dr made-up Bitcoin hype, promising the utterly unfeasible to people who don't understand the technology. My response: http://rocknerd.co.uk/2015/07/23/putting-the-record-industry-on-bitcoin-why-this-wont-work/ http://rocknerd.co.uk/2015/07/23/putting-the-record-industry...
  • VOYD 11y ago
    Spot on.
• danbruc 11y ago
  What a nonsense. On the technical side, why build this on top of Bitcoin or some other block chain? Why not just a good old database? It does not sound like they are planning to build a completely distributed system and so those companies will be central authorities in some way or another anyway, so why not also host the data? On the music business side - and I admittedly know nothing about it besides the bits and pieces from articles about royalties, DRM and whatnot you read now and then - it seems totally impossible to me that a small startup would have a chance notably larger than zero to have any large or even transformative impact.
• bbody 11y ago
  There is merit in using Smart Contracts for managing royalties, etc. however building a streaming service on top of it seems a bit misguided, it should be abstracted out.