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RE: Muse Update April 16th 2018

in #muse6 years ago

We are not. The steem dollar works perfectly for what Muse would be using them for.

Streaming platforms want to ensure that they are paying AT LEAST the mandatory minimum royalty rate. If more is paid out, fine! The musician just gets a nicer quality of life :)

Steem Dollars and Muse Dollars provide a price floor only. Not a price ceiling. All the Muse Dollar guarantee's is 1 USD WORTH of MUSE. So if you get 10 Muse Dollars for your Music. You know you can cash out and get 10 USD worth of value in the form of the MUSE cryptocurrency. If the markets are trading these Muse Dollars at 4$ each. No legal liability for the streaming platform since it effectively funnelled 4 times the amount of value it promised!

We don't care about the peg. We care about the price floor.

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I see, so more is good...thank you for the reply i appreciate it 👍 @cob