Finally read the @AudiusProject white paper. Decentralized Soundcloud w/ fine grained support for artist attribution, content ownership management, and monetization. Tokenized rev sharing, decentralized storage, and DAO governance. Fun stuff
http://audius.co
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Replying to @backus @AudiusProject
From there whitepaper: "This structure poses an interesting question: why create the new tokens for Audius and Loud? Other cryptoassets already exist that can serve some of the functions of our tokens."
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Not only has the dual token model been used before with products like
@Spankchain and other projects with mixed success, their whole valuation thesis requires user and creator adoption. They're going after Spotify, Apple Music, Soundcloud, and so many others.2 replies 0 retweets 4 likes -
One of the main reasons why the
@Spankchain model works so well is that camsites typically have their own shitcoin ecosystem. Their value proposition is revenue share -- why create a token? Congratulations to@AudiusProject for managing to create not one, but TWO shitcoins!1 reply 0 retweets 1 like -
Anyone can criticize people trying something new. The value is in spotting potential. Your first two replies were fine, but I don't appreciate the third. Can you please either keep it positive or constructive when responding to my tweets or just not respond?
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It's nothing new. You don't have to appreciate it. Feigned positivity won't save a product from being shit.
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Toxic and blocked
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