* Posts by Expathos

1 publicly visible post • joined 20 Oct 2016

Is this the worst Blockchain idea you've ever heard?

Expathos

Clueless.

Anytime a financial transaction is enacted between a fan purchasing music and a vendor selling it, there's always a financial risk - it could be a pirate site selling music without permission for instance. Where on earth do you get off on stating that the two parties 'know' each other? Stupid. Statement.

Yeah, if I buy a CD from my cousin down the street there's perhaps some level of trust, but purchasing music anywhere else always comes with risk, whether it's a scratch on a CD off eBay, a stolen MP3, or otherwise.

There is no need to record every 'hit play' event in the Blockchain - this is an absurd statement. The only transaction that needs to be recorded is hashed and occurs when, hopefully, the artist sells direct to a fan in the future without all the fat, greedy middle controlling publishing and distribution.

Do you know what a hash is? Do you understand how Blockchain works? Proof of Work, Proof of Stake, Sidechains on Bitcoin, Permissioned and Unpermissioned ledgers, Private, Public or Consortium Blockchains? Merkle Trees? Elliptic Curve Cryptography? 'Byzantine General' Problem? Double Spending?

I didn't think so.

I have to laugh when bumping into reporters who love to grind against popular movements to add to their fragile egos. Particularly when they have no idea what they are talking about.

This article more or less rips Paul Sanders' work anyway.

Music benefits from a kind of semi-formality? You mean, it's cool that people can simply steal music and give it away. Personally, I believe in a world where all artists are remunerated for their work and fuck theft. If an artist chooses to give away their music on the Blockchain they can do so, if they want to charge they can also do that. If it comes down to new codecs and a complete rewrite of the status quo - device-wise, I am all for it. Direct to fan is the future and Blockchain allows for full control the artist's intellectual property. If people really want to steal music that people ask money for, they will always find a way to do it. But frankly, it's currently a little too easy.

I am all for mixing codecs, audio fingerprinting and watermarking to protect intellectual property for artists.

"Ensuring that the many stakeholders in a single audio file had given permission and were compensated at the point of each transfer would add massive cost and inefficiency."

No it won't, perhaps on the Bitcoin or Public Blockchain but not a permissioned Blockchain.

"Listeners to one of Heap or Rogers presentations weren’t told that the Blockchain ledger could only handle three transactions per second."

Yes the Bitcoin Blockchain perhaps - but not a private or permissioned Blockchain that uses Proof of Stake over Proof of Work. You don't know what you are talking about.

Bandnamevault.com I won't bother commenting on.