It's basically STEEM. Your listing time is your vote. Instead of 10 votes, your total VP gets divided among the music track you listened to. If you just listen to 1 track. That's pretty much like voting 10 times on the same author on STEEM. If you stream 1 track 10 mins and another 15 mins that's like giving 4 100% votes and 6 100% votes to the owners of those 2 tracks.
Listeners don't get anything AFAIK. There is no incentive to load up a lot of MUSE. So the system naturally acts a lot similar to a one account one vote model. If you have more Vested MUSE artists get rewarded more when you listen their music. That's it. There won't be gaming the system like STEEM vote buying with the exception of buying a ton of MUSE and replaying your own song 24/7 . Since there are few artists and most people being just listeners nobody would really take this as an issue. It'd e like mining.
that sounds good, it seems like it depends on some sort of secondary market for the muse coin like STEEM does. one wonders how many new coins can be created and how much each dilutes the market.
They are going to allow direct buying of MUSE on the website. Currently we only have Openledger to buy/sell. The ambitions seem like they will be compatible with https://zephyr.bitspark.io which I have a tiny HODL position on. both are tiny marketcap coins which almost nobody knows about that has serious potential and infrastructure to back everything up.
Devs just need to release features and do some real marketing.
I like how he looks like he knows what he is talking about which isn't something I can say about most blockchain projects run by either idiots, naive idealists or scammers. APPICS (the first SMT to be announced) didn't have anything close to this.
It's basically STEEM. Your listing time is your vote. Instead of 10 votes, your total VP gets divided among the music track you listened to. If you just listen to 1 track. That's pretty much like voting 10 times on the same author on STEEM. If you stream 1 track 10 mins and another 15 mins that's like giving 4 100% votes and 6 100% votes to the owners of those 2 tracks.
interesting, how does the listener get paid though, is it like a curation award based on how well that song does?
Listeners don't get anything AFAIK. There is no incentive to load up a lot of MUSE. So the system naturally acts a lot similar to a one account one vote model. If you have more Vested MUSE artists get rewarded more when you listen their music. That's it. There won't be gaming the system like STEEM vote buying with the exception of buying a ton of MUSE and replaying your own song 24/7 . Since there are few artists and most people being just listeners nobody would really take this as an issue. It'd e like mining.
thanks, that makes more sense, sounds like a good idea for artists though
Sounds goood
that sounds good, it seems like it depends on some sort of secondary market for the muse coin like STEEM does. one wonders how many new coins can be created and how much each dilutes the market.
I think once the fiat damwall breaks dilution at current time won't be noticed on the graph without a microscope.
Then we'll all be STEEM millionaires!
They are going to allow direct buying of MUSE on the website. Currently we only have Openledger to buy/sell. The ambitions seem like they will be compatible with https://zephyr.bitspark.io which I have a tiny HODL position on. both are tiny marketcap coins which almost nobody knows about that has serious potential and infrastructure to back everything up.
Devs just need to release features and do some real marketing.
I like how he looks like he knows what he is talking about which isn't something I can say about most blockchain projects run by either idiots, naive idealists or scammers. APPICS (the first SMT to be announced) didn't have anything close to this.
The idea is definitely crazy! Thanks for your post @vimukthi