That averages out to non-$0 in the population, but we know a revenue pool collapse of 50% or more actually occurred.
#TIDAL BUY HOW TO#
The price of an individual CD or song goes to $0 for those who know how to use peer-to-peer file-sharing software. And to some extent, that has indeed happened. That we would have an intellectual and scientific Renaissance as a result. We thought that open, endless access to the world’s media would be fantastic and freeing. Each carries with it a social and philosophical outcome. What is clear is there is not just one technological change, but multiple waves of transformation. We are over 20 years into the internet revolution. So let’s break down what that change really is. In today’s cycle, industry participants are realizing the core change in market structure, and describing it to others. But the core difference here is that McAfee was shilling projects for personal gain. For example, John McAfee was very … vocal … about promoting token offerings in 2017, and has now been charged with a $13 million fraud. We are not saying that we should just listen to influencers and blindly follow. People who understand modern media, like Mark Cuban and Gary Vaynerchuk, are also both in. The Eulerbeats project, which pairs algorithmically generated music with artworks, has driven nearly $2 million in royalties paid to owners of the original musical collectible, separate and apart from the initial issuance. Related: Troubled Crypto Project Qoin Faces Membership Ruling by New Zealand Blockchain Body The following is adapted from his Fintech Blueprint newsletter.
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company.
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