The Token already exists from the start of Musicoin. It's not about creating a new one. But.. they need to find a new blockchain to pay these royalties in real time. Here Skale. But..
At the beginning, their blockchain was a kind of fork of ERC20, the miners paid the transactions in real time, and fed the UBI who pay the artists too.
Today they have to adapt the system to a blockchain that can do the same thing whitout high fees.
Yes, lots of blockchains have zero fees (Nano) or fees well under $0.01 (XMR, BCH)
Why did you need to create a store loyalty card, instead of using internet money?
Not sure to understand. They never had a "Store Loyalty Card".. but a Token Called: $Musicoin
My point is a special-purpose token like this is no different from a gift card. It's less functional than general purpose Internet Cash.
Okay, get it! But in this case who pays the artists, how? You have to find a model.
Patreon is working well for lots of creators. An artist can already show a QR code for dozens of cryptos all trying to be "peer to peer electronic cash" to varying degrees of success
Yes, I agree. But we are speaking about a music streaming site based on crypto (from the start). :0) They need to find an economic model to be able to pay the artist.. in a long term.
A streaming site? Okay I suppose.
A new crypto to support the site?
JUST. STUPID.
Ggo sell Applebee's gift cards; they're as much of an economic revolution.
You think you have the universal truth with your "Just Stupid". haha ha..
Come back to see me when you have something constructive to propose... this dialogue is sterile. (The site exist exist since 2018, nobody speak about a new crypto, etc).. haha.
> something constructive to propose
Free yourself from Trivium. Use existing cryptos as money. Especially the ones that best have the characteristics of peer-to-peer electronic cash.
Exactly.. I suggested at the end of my article if there could be a possibility with Bitcoin cash. Tossed the idea. Did you read the article?
Yes, I read the article. BCH is unfit for purpose as P2P electronic cash. Because of everything from undemocratic mining algos, to the fundamental non-privacy of posting txns in clear.
Ok, I can follow your reasoning again.
#Privacy first.
But I agree with that. It's what I want to develop for me this year.
Dude. THERE IS NOTHING TO "DEVELOP".
Crypto already exists. So does Patreon.
Maybe get Patreon to take crypto, that would be worthwhile.
Making a new crypto? Sure! Masturbation is fun!
