Just off a busy Austin street filled with party people and festivals, Ezra Vancil talked to Musicoin about himself as an artist, what he was up to in SXSW and what he thinks about Musicoin.
Listen to ‘Peace of the Morning’ here: https://bit.ly/2GR88hd
Musicoin is a digital currency that designed to support the creation, publication, and consumption of music as a cycle. The system uses a special algorithm to generate a currency called Musicoin (MC), as well as another algorithm to support automated contracts (“smart contracts”) which enable creators and consumers to exchange value in a frictionless environment. With a unique currency and a solid contract system, large scale transactions around music becomes possible. Universal Basic Income (UBI) has made it possible for listeners to listen for free and musicians to upload and share their music for free as its paid by Musicoin (MC) miners. Each play for your music is rewarded with one Musicoin, this can be exchanged for fiat money.