good question, @edje, I trust one article can't really explain the whole idea. Musicoin is an altcoin, but quite different from others as it's not a technical advancement or a kind of overhauling to existing one. Instead, it's based on solving an industry problem, the same time get backed by the economic behaviour in real world, which is music playback in this context.
If so, the currency underlying the system can be more stable than any other speculation-oriented altcoins. As long as we put music playback attaching to a coin, the price of the coin will be not too much fluctuated too much, nor being seen as a ponzi scam. In theory, the economy of Musicoin is quite related to the scale of music consumption, not the market cap like others. Along this, eventually the services building upon the platform, will help generate more demands to use the currency instead of just trading it every day for profit. We would see some volatility at the beginning, but more probably stabilizing itself soon.
I understand that it is a coin with a service connected to it; Basically it is the service you offer for the artist to get rid of the middleman and potentially solve some other issues in the music industry, and a coin is used for that. But that does not mean investors and gamblers will not speculate/trade the Musicoin; Reality shows that when money can be made traders will look at them. Blockchain is a great technology to use, but for the Musicoin I think the exchange value to FIAT currencies must be stable at all times, at least for years to come. Also, it is really hard to get the middleman out of the game in the music industry. It basically means to revolutionise the whole music segment; will need a long breath, time and lots of effort. Great that Musicoin is trying to go for the revolution, as others are also taking the first steps, no doubt about that. Wish you great success with the launch of the service and underlying coin.
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Yes - a key distinction is between intermediaries, and intermediaries of 'questionable value'. There will always be room for distributors/promoters. With Musicoin however, the artist is empowered to make decisions in an open marketplace and remunerate partners by means of a smart contract - one that they have defined for themselves. The smart contract also ensures that artists are paid immediately/directly, as opposed to being last in line to receive a check from the abyss of various accounting departments.
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