@joesnothome Your reasoning is right on target here. This technology is going to change everything and Bitcoin is only the beginning!
Most people I overhear talking about crypto have the mindset of "how much money can I make?
In my mind these technologies are worth more than dollars. If someone buys bitcoin at $10k, sells it at $45k, but then bitcoin keeps rising and the dollar value keeps falling, have they really made money? What happens when we get the flippening with the dollar and no one wants dollars any more?
This is an exciting time where value is being exchanged for value in a more accurate way. I am eager to witness how this affects the music business.
What company is working on a blockchain for PROs? I have recently researched a startup called Sine which looks like they are trying to make a blockchain Spotify.
It'll definitely be interesting to see how people come to think about money if it ever comes to that. "How many satoshis for that doggy in the window?"
My prediction is that most of the crypto currencies will end up being for specific things. Like the value of a token that you use to transfer a home title will be decided by the market and still bought with fiat. The token will be held as investments and rise and fall roughly in tandem with the housing market. Then mortgage/title companies will no doubt try to buy them all up, etc.
https://ujomusic.com/ is one PRO interrupter I found. I think I came across another one, but it looked pretty early in development. I signed up for their newsletter yesterday, but haven't gotten an email from them yet.
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