I'm looking at the economics of the system. I might be missing something, but here's what I'm calculating:
- Assume an average music listener streams 15 tracks a day
- Assume Musicoin pays the minimum PPP of $0.02 to the artist for each track
- This would work out to $0.30 a day, or $109.5 a year per user.
I get that this would be great for artists, but how could users realistically afford to bare the costs?
I know the PPP fee actually gets paid out of a cut of newly issued coins, but one way or another if the artists are selling their coins to afford living expenses then that cash has to be coming from somewhere. Am I missing something or is there some other aspect to the ecosystem?