last edited by Ijatz Guatemala
Hello @zeljko-stanojkovski, and all other fellow Musicoiners!
This proposal seems to be a “light-bearer” one, as other Musicoin team members have stressed, and I’d be happy to see it implemented. It reminds us that one of Musicoin’s strenghts is our communitary empowerment through forging a monetary policy!
At the same time, adopting such a decision requires to base it on a shared “trusted picture” of the current monetary situation (i.e. our currency production).
I remember our miners “forge” more or less 1,500,000 $MUSIC available per day, for us to distribute among the Musicoin artists. A question that may come to mind is: multiplying by 3 the $MUSIC amount we send every time we play a tune, combined with the (fortunately ) growing number of listeners on our platform will it not drive us beyond the currently available daily $MUSIC pool? Or the previously mined $MUSIC amounts since the launch of the UBI that have not been distributed (because there simply hasn’t been enough Musicoiners to “use” all that crypto till now ) have they been somehow stored in a “common chest” to be used in a case like this 3MC per play proposal?
It’s probable I’m missing some element of the complete picture in our monetary cycle, and this coming change offers a good opportunity to rectify my eventual misconception