I have a new track up from my upcoming album. Would love to hear your thoughts. It's way different from my usual stuff...like i said...identity crisis xD
@stoneygate I know what you mean.
This is both the conflict and the attraction of Musicoin.
For people who aren't in the community yet, they can think you made more than you did.
This is an example of ignorance, being costly, and hopefully the inflated value they see will compel them to get more active in the community, but... if they don't, does it really matter to us? I don't mean this in a mean way though I just mean, if it's confusing to US, users of the platform, then it would be misleading, but with the forum and being active, we figure it out pretty quick.
But people who are active in the community like us, know that it's
Only based on how many coins you've EVER earned
That if you "HODL"ed the coin til now you could make the current rate
Compels us to HODL the coin longer maybe?
IT IS possible to make the code so that the recalculated $usd amount shows the
previously withdrawn coin with $usd value AT TIME OF withdraw
PLUS unwithdrawn coin with current $usd value
EQUALS currently displayed $usd
but.... this would become confusing in many other ways, which I won't list here, but most importantly on that list would be that people would be wondering why "SOME PEOPLE" have less money per coin than others... LOL
The only really simple solution I see to this whole question is...
Just show the coins earned with NO dollar value.
AND the good news is as crypto currency becomes more mainstream that will probably happen as the $USD won't matter that much
But for now...
Part of what's helping people use crypto and musicoin, is being able to compare the $USD on other platforms to the $MC here. For example
right now on spotify I might get $2 for 1000 streams,
but on musicoin I might get $7 for 100 streams.
That's really easy to explain to those who don't yet get crypto, many people don't even understand what bitcoin is lol
I feel strongly enough about this to go further. If Musicoin really wants to grow and become that truly artist focused platform that all artists eventually start turning to to finally gain control of their own incomes, from their own art it needs to separate itself from existing failed platforms, destroyed by LABELS. To truly succeed in separating this platform from all the other failed models and retain it's point of difference it should BAN ANY LABELS from joining and automatically ban anyone caught acting as a middlemen for other musicians, taking unearned cuts and destroying the very soul of what this platform and blockchain is all about. Imagine this platform now overrun with labels as it grows in the future. the same blood suckers taking their cuts from your artistic income as currently exists. That's what we already have people. It will guarantee this platform becomes yet another failure for musicians. Let the labels in now, small underachieving dreamers or not and it is doomed.
@shamino - that'll come with time -- I don't think it's a good use of Musicoin's time to get into that stuff since that's really a problem that the exchanges should be dealing with, imo.
Looking forward to the day where everyone and their mom would be able to create their own token with a click of a button and be able to cash it out to fiat easily and reliably. You're going to see so many crazy projects that it'll make the internet fun all over again.
Thanks for the replies guys! I've figured out since I posted this that the best way is to make an account with your band email to be the account that uploads songs and then have each of the band members make their own listener accounts so they have a wallet on the site. When setting up the smart contract just delete your band account address and add in all of your band members wallets instead. Works like a charm!