Music Coin

in music •  8 years ago 

One of the crypto currencies that uses the blockchain idea however not for encryption services but to make music easier to make money off of for new and old artists a like. Putting it in terms of a music economy it allows for the transparent payment to go straight from the listener to the artist who made and performed the song. The coin has a simple digital license to allow for this all to happen and makes it so that the ledger which can be tracked via transactions will be easier to see who's listening to the artists music.

Some people might not like the full transparency others might, the biggest hurdle musicoin has to face is that there is all ready a big underground free music downloading market with not as many people being into the crypto currency space. Very much like spotify musicoin uses an ai to try and match your favorite music up so that you'll be able to find new songs to listen to that you enjoy. On the other side of things, it might become more of a hassle for music listeners to learn about it and it is set in a free market place right now without any tops or floors on it.

That all being said right now it's on a free trial with a fund that allows the artist to get paid and the listener to listen for free we'll have to see what happens next, with it being in competition with spotify for music listeners, which is 9.95 per month what will the listeners prefer?

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