BitShares Music + PeerTracks : Bitcoin

How 'the Blockchain' Could Actually Change the Music Industry

How 'the Blockchain' Could Actually Change the Music Industry submitted by zappadoing to Bitcoin [link] [comments]

PeerTracks Aims to Completely Decentralize the Music Industry through Bitcoin technology

PeerTracks Aims to Completely Decentralize the Music Industry through Bitcoin technology submitted by Emperion6- to Bitcoin [link] [comments]

All these posts about crypto 2.0 makes me want to go buy some.. any advice on which to go for? :)

submitted by kodtycoon to Bitcoin [link] [comments]

BitShares Music + PeerTracks

Alright everyone. It’s official!
The BitShares Music Foundation launched it’s pre-sale from the Inside Bitcoin conference in Las Vegas.
www.bitsharesmusicfoundation.org and www.peertracks.com
Non-technical paper here: http://bitshares.org/papers/music/btsmusic-peertracks-non-technical-paper.pdf
Let’s start with a TL;DR shall we?!
The BitShares Music blockchain is a Decentralized Autonomous Company (DAC) that runs off of Delegated Proof Of Stake (DPOS) Each unit of this DAC is called a NOTE.
PeerTracks is the first front end website/app that will plug into and read the blockchain. This site will allow artist to: create their profile upload their music set their own prices And if they want, issue out their own Artistcoins
Artistcoins are user issued assets The artist can sell (or give) them to his fans in order to fund his career. The artistcoin is tied to that artists sales (ON blockchain sales only). Meaning “Snoopcoin” can go up in value when he sells a lot of songs, albums, merch, tickets from PeerTracks (or any other future front end site that decides to plug into the BitShares Music blockchain) etc. The artist can also bring value to his coins by offering different perks or benefits to his coinholders whether it’s through hardcoded token controlled access or from him just tweeting to his fans “Anyone with 200+ Snoopcoins get in the show for free, anyone with over 500 can hang out backstage after the show”
From a user’s perspective Creates an account stream or purchase music you like using BitUSD, a non-volatile crypto-currency (BitAsset). Know your funds are going directly from your wallet to the artist’s wallet. No middle man. PeerTracks does not hold any funds, it’s all done directly on blockchain. Find artists you think have potential and buy their coin. See that coin's value rise or fall depending on: -sales generated by that artist on the site -perks offered to that artist’s coinholders
Notice that the user's of this DAC do not have to know what a blockchain is, nor do they EVER see a private or public key.
Now if you do not care for music but you see value in a decentralized music industry and would like to be a part of it, you can get yourself some Notes.
Notes are the unit of this blockchain. This blockchain makes revenue from fees. -transaction fees -the fee when someone registers their username -the fee when an artist initially creates his artistcoins those fee are destroyed (proof of burn) essentially returning that stake to each Note holder.
So if you own 1% of all Notes, after a year of burned fees, you might now own 1.1% of the network’s worth.
Keep in mind that Notes are also votes. You can vote for or against whichever delegate you desire. Contrast this with Bitcoin (try booting a mining pool out of power!)
Notes are also the collateral for the BitUSDs used to purchase music, merch and whatever else the artist will decide to sell from the sites plugged into the Music blockchain. The more BitUSD are in existence, the more collateral is needed (demand for Notes = price rise)
For more information, check out: www.bitsharesmusicfoundation.org and www.peertracks.com
You can also check out the non-technical paper here: http://bitshares.org/papers/music/btsmusic-peertracks-non-technical-paper.pdf
Please feel free to ask any questions!
submitted by PeerTracks to Bitcoin [link] [comments]

I think I understand... Almost.

Right, I knew the day would come where I would have to sit down and sink some hours into trying to untangle Bitshares. I kept putting it off until yesterday, now I wish I had researched earlier (right before 28 Feb would have been nice!)
I have been asked to write about Bitshares in the same way I covered Mastercoin and Maidsafe on www.deadloch.com. I want to reduce the time it takes to get a clear picture of the Bitshares landscape. Currently, the learning curve is prohibitively steep.
I am a bitcoin, mastercoin, Maidsafe investor. The reason I’m not a Bitshares PTS, AGS or X investor is because I haven’t tied all the information together in order to balance probabilities. I don’t particularly want to spend days scouring forums.
As the title alludes, I think I almost understand. Please be ruthless and clear with your corrections and suggestions. That way I can write an article so chumps like me can come to a foagainst decision quickly, less the frustration of trying to piece together fragments of information.
The Bitshares idea has been nurtured by Daniel Larimer, CEO of Invictus. Invictus will create DAC’s in the future and release them to the public honouring holders of Bitshares PTS and Bitshares AGS with part ownership in these DAC’s. Other parties are able to create DAC’s under the bitshares banner, and it is optional whether they honour PTS and AGS holders with a stake.
DAC: a decentralized autonomous company (DAC). Basically a cryptographic blockchain where the word, ‘coin’ has been replaced with ‘share’ and ‘dividends’ are paid by reducing the coin/share supply by destroying shares, usually through transaction fees. This increases the individuals % stake in the DAC over time.
Bitshares: an overarching name for all DAC’s that spawn from Invictus’ ideas and code.
Bitshares PTS: The rebrand name for the original ‘Protoshares’. Bitshares PTS was launched on the 5th November 2013. Bitshares PTS is just a copy of bitcoin with a few parameters tweaked (please help me flesh this out, mining, block discovery, clients, number of units, etc). Protoshare holders are guaranteed at least 10% ownership in any future DAC that Invictus releases, they are also likely to receive 10% in any future DAC that anyone else makes, although this is not a certainty. (please explain the whole social contract thing, and why 3rd parties will be encouraged to abide by it). Bitshares PTS will continue being held and traded and their value will be a proxy for the markets prediction on the value of all future DAC’s. Before the launch of new DAC’s, ‘snapshots’ will be taken of peoples Bitshares PTS balances and shares will be redeemed in new DAC’s according to these balances.
Bitshares AGS: stands for Bitshares Angelshares. This is not a blockchain, and Bitshares AGS are not tradeable (not easily tradeable). The Bitshares AGS concept was started to raise proceeds for future development work. Like Bitshares PTS they will secure at least 10% stake in all future DAC’s (although some developers may choose not to honour this). 10,000 Bitshares AGS are available for purchase every day for another 80 days, you can purchase using bitcoin or Bitshares PTS. The amount you receive out of the 10,000 released on a day depends on your % of the total contributed on that day. There will only ever be 2mil Bitshares AGS. Once the Bitshares AGS crowd sale is over, I imagine if people wanted to get a stake in future DAC’s they would simply purchase Bitshares PTS on the open market, as they have exactly the same function (with the ability to be traded). Currently it is cheaper to get future stakes in DAC’s through Bitshares AGS, although if you buy, you’re in for the long haul, and will find it very difficult to liquidate.
Bitshares X: This is the first DAC, made by Invictus. This will apparently be a big family of DAC’s all looking at providing banking/exchange features. The snapshot for this has already been taken, and it will be owned 50% by Bitshares PTS holders and 50% by Bitshares AGS holders (balances before the 28 Feb snapshot obviously). Bitshares X seems pretty awesome to be honest, the way that it plans to track the value of specific assets (Bitassets) is elegant, and I like that it won’t need an oracle (if it works). I need to spend a bit more time looking into the economics of the proposed value tracking to be more confident on it. If it works, it will be a killer feature. No doubt.
Here’s where my confusion starts to set in. It seems like people tend just to say ‘Bitshares’ when really they mean ‘Bitshares X’. You can hold PTS, AGS and/or Bitshares X at this stage. Correct?
Now, it sounds like it is planned to have many child DAC’s descending from the parent, Bitshares X. Does owning Bitshares X give you stake in all these child DAC’s?
Is Bitshares X a chain in itself? How many Bitassets will it have riding on it? I understand there will be a limit. What happens when you want to create more Bitassets? Launch another child DAC? How will the parent, Bitshares X and future children communicate? Do they need to communicate?
Will there be a client for Bitshares X?
Is there any linkage to the real world in terms of getting value into the system? Fiat, bitcoins etc.
Other parent DAC’s Such as insurance, music, voting, domains. These will be separate blockchains right? Is there any way for DAC’s to communicate with each other, or will there be a client for music a client for voting, and yet another client for banking/exchange?
What makes a new DAC fall under the Bitshares banner? It seems like every project is completely separate and distinct from the other, with different blockchains different rules, different mining (?) different communities. What gels them together? Do they work in harmony or are they stand alones? Is the manner of launching a new DAC similar DAC to DAC? Is there some pool of resources that make it super easy for a developer to launch a Bitshares DAC project (toolkit?)
I’ll leave it there. I’m sure I can’t be the only one asking these questions. I can’t wait to have that eureka moment where all the pieces snap into place. Help me get there!
-Angus
submitted by AAdamsDL to BitShares [link] [comments]

PeerTracks updates. Streaming is being tackled.

Hello everyone!
As some of you may know PeerTracks just had a week long gathering of the devs in Houston Texas. Since we’ve decided the Minimal Viable Product (MVP) needs to include streaming, we used the opportunity to get the whole team in one location and go over the entire business model from A to Z.
PICS! http://imgur.com/5yKSOnI&vwj4u2W&7qr9gJZ&qJJs2bO&ajydrBL&DzistkC#0
After having met the Kosovo guys (which are AWESOME might I add) in person, we locked ourselves is a house for a week with some whiteboards, post-its, stickers and really got down to business.
To say the week long design sprint was productive would be an understatement! It was extremely valuable. For the first 3-4 days we had epiphany after epiphany. This is going to be bigger than we all thought. And yet the purpose of the sprint was to get all ideas and features and possibilities down to an MVP. So although a ton a value was discovered, the road towards reaching it is now way shorter and simpler.
The goal was to find out what gives us the edge on the competition.
Now I wish I could spill the beans and tell you guys everything we figured out and yes it’s very un-crypto of us to keep it secret… BUT We simply cannot go into details just yet. We are going up against Google, Apple and a bunch of Sharks in the music industry.
So just to keep it very general. -We’ve figured out a way to make our back end cheap, fast and transparent. So much that it could change the crypto and tech worlds in general. BitShares Music might grow up to be much MUCH more. -We’ve found a way, through the existence of Artistcoins, to benefit to small artist and the already a superstar artist. -We’ve found a way to fix the Taylor Swift vs Spotify issue. Meaning huge selling point for BIG artists. -We’ve found a way to make the best playlists out there. (appealing to users/music listeners) -We’ve found a way to change the entire royalty tracking payment system.
And we’ve actually started testing the user interface with users to see if the non-crypto people get it.
More details will come out as we go of course.
We are planning on a soft launch in March. The goal is to have a working MVP of PeerTracks’ basic features and get a few hundred users testing everything out. Artists will also be able to sign up at launch and see what the blockchain can do for them. From there, Eddie and I will work on getting additional funding in order to get our MVP all the bells and whistles it needs to be a full blown, scalable beast of a machine!
So thank you everyone for the support thus far. Very appreciated! We are doing our best to deliver a kick ass product ensuring that the network it rests on has a high value. I am no doubt biased on this but I think buying Notes was a good move.
Speaking of which, the pre-sale ends soon, on December 4th to be exact. Only people with bitcoin can participate. You can read more about it here: www.bitsharesmusicfoundation.org And someone in China made a site to help everyone time their purchase (it's auction style) here: www1.agsexplorer.com
Check it out before it's over!
submitted by PeerTracks to Bitcoin [link] [comments]

Maybe peertracks would change music industry!

The BitShares Music Foundation launched it’s pre-sale from the Inside Bitcoin conference in Las Vegas. www.bitsharesmusicfoundation.org and www.peertracks.com Non-technical paper here: http://bitshares.org/papers/music/btsmusic-peertracks-non-technical-paper.pdf Let’s start with a TL;DR shall we?! The BitShares Music blockchain is a Decentralized Autonomous Company (DAC) that runs off of Delegated Proof Of Stake (DPOS) Each unit of this DAC is called a NOTE. PeerTracks is the first front end website/app that will plug into and read the blockchain. This site will allow artist to: create their profile upload their music set their own prices And if they want, issue out their own Artistcoins Artistcoins are user issued assets The artist can sell (or give) them to his fans in order to fund his career. The artistcoin is tied to that artists sales (ON blockchain sales only). Meaning “Snoopcoin” can go up in value when he sells a lot of songs, albums, merch, tickets from PeerTracks (or any other future front end site that decides to plug into the BitShares Music blockchain) etc. The artist can also bring value to his coins by offering different perks or benefits to his coinholders whether it’s through hardcoded token controlled access or from him just tweeting to his fans “Anyone with 200+ Snoopcoins get in the show for free, anyone with over 500 can hang out backstage after the show” From a user’s perspective Creates an account stream or purchase music you like using BitUSD, a non-volatile crypto-currency (BitAsset). Know your funds are going directly from your wallet to the artist’s wallet. No middle man. PeerTracks does not hold any funds, it’s all done directly on blockchain. Find artists you think have potential and buy their coin. See that coin's value rise or fall depending on: -sales generated by that artist on the site -perks offered to that artist’s coinholders Notice that the user's of this DAC do not have to know what a blockchain is, nor do they EVER see a private or public key. Now if you do not care for music but you see value in a decentralized music industry and would like to be a part of it, you can get yourself some Notes. Notes are the unit of this blockchain. This blockchain makes revenue from fees. -transaction fees -the fee when someone registers their username -the fee when an artist initially creates his artistcoins those fee are destroyed (proof of burn) essentially returning that stake to each Note holder. So if you own 1% of all Notes, after a year of burned fees, you might now own 1.1% of the network’s worth. Keep in mind that Notes are also votes. You can vote for or against whichever delegate you desire. Contrast this with Bitcoin (try booting a mining pool out of power!) Notes are also the collateral for the BitUSDs used to purchase music, merch and whatever else the artist will decide to sell from the sites plugged into the Music blockchain. The more BitUSD are in existence, the more collateral is needed (demand for Notes = price rise) For more information, check out: www.bitsharesmusicfoundation.org and www.peertracks.com You can also check out the non-technical paper here: http://bitshares.org/papers/music/btsmusic-peertracks-non-technical-paper.pdf Please feel free to ask any questions!
submitted by thistome to Music [link] [comments]

Digital Currency-Based PeerTracks Music Decentralizes Talent Discovery

Houston, Texas -- October 21, 2014: Today, a new digital content economy will be launched via PeerTracks, a talent discovery and music retail website that operates on revolutionary new blockchain technology, made known through the controversial invention Bitcoin. Mouth-to-mouth advertising is the most effective form of advertising. We learn about things through sharing, whether on or offline. Bitcoin allows, for the first time, direct transfer of wealth between individuals. For the first time ever, PeerTracks is allowing listeners to choose, support and promote their favorite musicians and artists. Peer-to-peer technology like Napster, AirBnB, Uber and KickStarter turn industries on their head. In a bold entry into the music industry, PeerTracks not only cuts out extremely inefficient middlemen; it also links fans and promoters’ incentives towards the same goal: getting songs and albums out to the world and generating as many sales as possible.
Using state-of-the-art digital currency technology, PeerTracks gives artists the ability to create and sell their own coin on the BitShares platform. Sold at a set price, ‘artist coins’ are limited in value and bought by listeners and fans. Fans have access to better and cheaper music, and know that their funds benefit the artist directly. PeerTracks makes being avant-garde lucrative. All amounts are received safely, securely and quickly as the platform is based on block chain technology. Artists are incentivized to share all of their music, regardless of its state of completion, since their coin becomes more valuable with songs sold. This is the first time fans have been able to financially engage with their favorite artists or musicians without having to physically be present. “For the first time, artists can now engage and incentivize their fans into sharing their music,” says Cédric Cobban, co-founder of PeerTracks. “Using the blockchain, all trades are done peer-to-peer, no trust required.”
Artist Coins will be purchased with BitUSD, a cryptocurrency pegged to the US dollar. BitUSD shields users from volatility normally present with cryptocurrencies, while still passing the benefit of cryptocurrencies to the user. Notes, however, are sold in order to build the technology behind PeerTracks. PeerTrack runs on BitShares; all BitShares companies are Decentralized Autonomous Companies. All DAC’s must be profitable or they will be displaced. In order to be a part of and benefit from this application, you must hold Notes. The more PeerTracks and it’s back end, BitShares Music, are used, the more the value of the note increases. There will be 1.5 billion notes available upon launch. The BitShares Music Foundation is having it’s Note pre-sale right now allowing anyone with bitcoin to claim their stake in the future of music. PeerTracks co-founded by Eddie Corral and Cédric Cobban and is located in Houston, Texas.
submitted by toriborealis to Bitcoin [link] [comments]

BitShares - YouTube Bitcoin Latina - Bitshares Tutorial Bitshares & Bitcoin 2 0 The blockchain as platform and ecosystem - Manuel Lains & Christian Lains Blockchain Tutorial #21 - How To Setup A Bitshares Wallet Bitshares explained - What are bitshares and what is BITUSD

Der Preis von Bitcoin, Ethereum und weiteren Altcoins kann in unserer Kursübersicht nachgeschaut werden. BitShares: technische Daten . BitShares basiert auf der Graphene-Technologie, die das Potential hat bis zu 100.000 Transaktionen pro Sekunde (TPS) zu verarbeiten. Graphene ist eine Open-Source-C++-Blockchain-Implementierung, die bisher nachgewiesen 3.400 TPS ausführen konnte. Ein weiterer ... The BitShares Music blockchain is a Decentralized Autonomous Company (DAC) that runs off of Delegated Proof Of Stake (DPOS) Each unit of this DAC is called a NOTE. PeerTracks is the first front end website/app that will plug into and read the blockchain. This site will allow artist to: create their profile upload their music set their own prices And if they want, issue out their own ... Now fintech platform OpenLedger and Danish bitcoin exchange CCEDK are joining forces with MUSE, a music-tailored blockchain, to make monetizing music as easy as new peer-to-peer (P2P) platforms made distributing it 15 years ago. Just as music distribution was ripe for disruption back then with the rise of P2P file-sharing platforms, so blockchain technology is now offering new opportunities ... BitShares looks to extend the innovation of the blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or DACs) that provide better quality services at a fraction of the cost incurred by their ... Everything PeerTracks allows is made possible by the BitShares Music blockchain. BitShares Music is essentially a spinoff of BitSharesX, only tweaked to make it better suited for the music economy. PeerTracks users will spend and earn BitUSD, a crypto-currency market pegged to the US dollar. This shields our users (which are not day traders) from the volatility normally present with crypto ...

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BitShares - YouTube

Bitshares as an example of "Bitcoin 2.0", and how blockchain technology can be used as a new platform for a lot of other services than just money/currency. The development and emergence of an ... What if you could trade your shares as easily as sending an email can be? Welcome to BitShares, where we're moving beyond #Bitcoin. We see possibilities, if you do too, we want you to be a part of ... Bitshares as an example of "Bitcoin 2.0", and how blockchain technology can be used as a new platform for a lot of other services than just money/currency. The development and emergence of an ... Here you will find a quick tutorial on how to utilize the Bitshares (BTS) exchange - www.BitShares.org - and how to purchase Bitshares (BTS) and convert Bitshares (BTS) to Bitcoin Latina Tokens (BCL). BitShares Tutorials ... Texas Bitcoin Conference 18,889 views. 40:16. Sticker shock: Why are glasses so expensive? - Duration: 12:56. CBS News Recommended for you. 12:56. How to Setup Printer and ...

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