NFTs Will Change The Music Business More Than Spotify Did

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bxbrkrz
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Post 13 Mar 2021

757365206c6f67696320746f207365656b20616e73776572732075736520726561736f6e20746f2066696e6420776973646f6d

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integerpoet
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Post 13 Mar 2021

This was a great video. Thanks for posting it.

It seems NFT is an attempt to put the digital toothpaste back in the tube.

Digital copying became so easy that it destroyed the business model of analog copying.

So now we're trying to recapture some of the glory of the old days by slapping a math bag on the side of digital copying.

I definitely get why musicians will jump all over an income stream from super-fans.

But I for one will never buy an NFT for anything. It's gratuitous artificial scarcity like Bitcoin.

And how much do you want to bet it involves externalizing the real cost of the electricity (i.e. making the planet uninhabitable) like Bitcoin does?

So tired of libertarian tech bros and their stupid games.

doze
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Post 13 Mar 2021

The world is full of stupid, they are just exploiting it.

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orthodox
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Post 13 Mar 2021

Some people buy land on the Moon and register as Moon citizens.

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bxbrkrz
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Post 13 Mar 2021

Do you have to sell your NFT? It could be a solution to replace the Copyright system one day. Proof of ownership worldwide. That's the part I am interested in.
I don't know how much energy the 'NFT network' consumes, compared to people searching for cat pictures on Google image search every second, but that is something to look into. Definitely. My guess is, maybe, a little bit less than Google's? I could be wrong about that.
757365206c6f67696320746f207365656b20616e73776572732075736520726561736f6e20746f2066696e6420776973646f6d

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dioxide
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Post 13 Mar 2021

Finally a way for superstar DJs to pay the artists whose music they play.

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BRIGGS
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Post 13 Mar 2021

Image

PhillipOrdonez
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Post 14 Mar 2021

Meh.

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BRIGGS
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Post 14 Mar 2021

PhillipOrdonez wrote: ↑
14 Mar 2021
Meh.
Ok...Save your applause for when real estate, is registered on the block chain. :shock:

Most people will fail to realize the implications of NFTs etc..

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orthodox
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
Ok...Save your applause for when real estate, is registered on the block chain. :shock:
The block chain? I'll save my laughs for when it gets registered to different owners on different block chains. And if there supposed to be one registration authority, why use any block chain technology at all? Just digitally signing the transfer of rights or the purchase deal would be enough.

PhillipOrdonez
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
PhillipOrdonez wrote: ↑
14 Mar 2021
Meh.
Ok...Save your applause for when real estate, is registered on the block chain. :shock:

Most people will fail to realize the implications of NFTs etc..
This will not change the music business. It's just another way for the current music business to profit. The lamest possible way at that too πŸ™„ fanny packs considering, even... πŸ™„

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Fotu
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Post 14 Mar 2021

In my understanding, if you buy the NFT for a song (or other asset), you simply own the NFT. The song (e.g. digital recording) is no more protected against unlimitted copying than it is today. NFT is like DRM without teeth.

Yes, a lot of money will be made and lost with NFTs, just like any other 'greater fool' phenomena.

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BRIGGS
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Post 14 Mar 2021

PhillipOrdonez wrote: ↑
14 Mar 2021
BRIGGS wrote: ↑
14 Mar 2021


Ok...Save your applause for when real estate, is registered on the block chain. :shock:

Most people will fail to realize the implications of NFTs etc..
This will not change the music business. It's just another way for the current music business to profit. The lamest possible way at that too πŸ™„ fanny packs considering, even... πŸ™„
ok boomer :lol:

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BRIGGS
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Post 14 Mar 2021

orthodox wrote: ↑
14 Mar 2021
BRIGGS wrote: ↑
14 Mar 2021
Ok...Save your applause for when real estate, is registered on the block chain. :shock:
The block chain? I'll save my laughs for when it gets registered to different owners on different block chains. And if there supposed to be one registration authority, why use any block chain technology at all? Just digitally signing the transfer of rights or the purchase deal would be enough.
Why?

https://en.wikipedia.org/wiki/Distributed_ledger

PhillipOrdonez
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
PhillipOrdonez wrote: ↑
14 Mar 2021


This will not change the music business. It's just another way for the current music business to profit. The lamest possible way at that too πŸ™„ fanny packs considering, even... πŸ™„
ok boomer :lol:
Looking at you blankly in millennial.

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BRIGGS
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Post 14 Mar 2021

PhillipOrdonez wrote: ↑
14 Mar 2021
BRIGGS wrote: ↑
14 Mar 2021


ok boomer :lol:
Looking at you blankly in millennial.
lol :lol:

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orthodox
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
orthodox wrote: ↑
14 Mar 2021
The block chain? I'll save my laughs for when it gets registered to different owners on different block chains. And if there supposed to be one registration authority, why use any block chain technology at all? Just digitally signing the transfer of rights or the purchase deal would be enough.
Why?

https://en.wikipedia.org/wiki/Distributed_ledger
Does distributed processing imply using block chains? Block chains is a costly solution that could be justified if you needed decentralization or anonymity. That's not the case with an inventory.

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BRIGGS
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Post 14 Mar 2021

orthodox wrote: ↑
14 Mar 2021
Does distributed processing imply using block chains? Block chains is a costly solution that could be justified if you needed decentralization or anonymity. That's not the case with an inventory.
Typical ownership rights can be disputed. Blockchains are more like setting things in stone.

No trust needed.

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Dabbler
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
orthodox wrote: ↑
14 Mar 2021


Does distributed processing imply using block chains? Block chains is a costly solution that could be justified if you needed decentralization or anonymity. That's not the case with an inventory.
Typical ownership rights can be disputed. Blockchains are more like setting things in stone.

No trust needed.
I thought trust was baked into blockchain

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bxbrkrz
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Post 14 Mar 2021

Society for Worldwide Interbank Financial Telecommunication
swift.com
The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment


Maybe we could politely ask the banking system to help artists and musicians. We could use their network as proof of ownership. Everyone trusts the bankers. Everyone can use their network. Their system is very safe. They already know who we are, and what we do, making their platform double rainbow better :cool:
757365206c6f67696320746f207365656b20616e73776572732075736520726561736f6e20746f2066696e6420776973646f6d

PhillipOrdonez
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Post 14 Mar 2021

Fotu wrote: ↑
14 Mar 2021
In my understanding, if you buy the NFT for a song (or other asset), you simply own the NFT. The song (e.g. digital recording) is no more protected against unlimitted copying than it is today. NFT is like DRM without teeth.

Yes, a lot of money will be made and lost with NFTs, just like any other 'greater fool' phenomena.
It is the dumbest thing I've heard in the past 24 hours.

Totally useless for us. Buying those things will be retarded. Bragging rights? I can see a lot of idiots trying to and the rest of the world not caring one bit. It is useless and a waste of time. Bunch of retards. Fuck social media.

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BRIGGS
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Post 14 Mar 2021

bxbrkrz wrote: ↑
14 Mar 2021
Society for Worldwide Interbank Financial Telecommunication
swift.com
The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment


Maybe we could politely ask the banking system to help artists and musicians. We could use their network as proof of ownership. Everyone trusts the bankers. Everyone can use their network. Their system is very safe. They already know who we are, and what we do, making their platform double rainbow better :cool:
Image

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orthodox
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
orthodox wrote: ↑
14 Mar 2021


Does distributed processing imply using block chains? Block chains is a costly solution that could be justified if you needed decentralization or anonymity. That's not the case with an inventory.
Typical ownership rights can be disputed. Blockchains are more like setting things in stone.

No trust needed.
It will be needed when there are several competing block chains as anybody can run one. The state will also need the info if it does not want the economy going black, so it will end up duplicating the data.

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BRIGGS
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Post 14 Mar 2021

orthodox wrote: ↑
14 Mar 2021
BRIGGS wrote: ↑
14 Mar 2021


Typical ownership rights can be disputed. Blockchains are more like setting things in stone.

No trust needed.
It will be needed when there are several competing block chains as anybody can run one. The state will also need the info if it does not want the economy going black, so it will end up duplicating the data.
The market will take care of those things.

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orthodox
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Post 14 Mar 2021

BRIGGS wrote: ↑
14 Mar 2021
orthodox wrote: ↑
14 Mar 2021


It will be needed when there are several competing block chains as anybody can run one. The state will also need the info if it does not want the economy going black, so it will end up duplicating the data.
The market will take care of those things.
Yea, it will create new centers of power and authority, not accountable to the democratic society. We can't let businesses or technology decide on justice.

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