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The best you could do is purchase music from the musician though the least-fee-laden service available, so they get the most money legally possible.
How will you avoid being sued by artist's representation (i.e. record labels, RIAA, etc)? I would also be highly concerned about validating the recipient of the money, especially since they're unlikely to reach out directly. The best you could do is purchase music from the musician though the least-fee-laden service available, so they get the most money legally possible.
It would be just as useful for authors and movie studios.
This is really amazing. I hope your service receives a lot of success. One problem is that many people don't have bitcoin even if it is the best way to pay. Many people are uncomfortable buying bitcoins. Amazon micropayment service lets you pay with credit card transaction anywhere from $0.05 to $9.99 with a 5% + .05 cent transaction fee. Which isn't as good as bitcoin but it is still pretty good as far as credit car…
Earlier quoted context omitted.
How are you guys going to do micropayments when Bitcoin transaction fees are like 50 cents?
It's currently about 4.5 cents (At current exchange rates), with plans to reduce that by an order of magnitude to 0.45 cents.
How will you avoid being sued by artist's representation (i.e. record labels, RIAA, etc)? I would also be highly concerned about validating the recipient of the money, especially since they're unlikely to reach out directly. The best you could do is purchase music from the musician though the least-fee-laden service available, so they get the most money legally possible.
Incidentally, I've always wanted a service like this, but I couldn't get past those pesky issues. It would be just as useful for authors and movie studios.
As for getting the money to them, that's the question I want answered. I had conceived it as pledges rather than donations. I think people are more likely to pledge than they are to donate, which would get the service started a lot faster (and not problematic as long as you provide cc/banking/bitcoin details so that pledges are automatically deducted). Artists could then be contacted and told to claim their pledged donations.
This is really amazing. I hope your service receives a lot of success. One problem is that many people don't have bitcoin even if it is the best way to pay. Many people are uncomfortable buying bitcoins. Amazon micropayment service lets you pay with credit card transaction anywhere from $0.05 to $9.99 with a 5% + .05 cent transaction fee. Which isn't as good as bitcoin but it is still pretty good as far as credit car…
> Many people are uncomfortable buying bitcoins. sorry, care to explain this further ? What is so uncomfortable about buying $10 worth of bitcoins for microtransactions ?
Earlier quoted context omitted.
Incidentally, I've always wanted a service like this, but I couldn't get past those pesky issues. It would be just as useful for authors and movie studios.
Thought of a similar concept a few months back. When it comes to not getting sued, as long as they're not providing content, then the tip is simply a donation. If the users use the tip as moral justification to then steal the music ("hey, the artist got more than he would have if I bought it, and screw the labels!"), then the onus is on the user. As for getting the money to them, that's the question I want answered.…
In terms of getting the money to the artists, this is definitely an important and difficult part - but we're going to start slowly, do things that don't scale and work it out from there. Out of interest, how do you see pledges and donations as different from a user's perspective?
Thanks for the feedback!
How will you avoid being sued by artist's representation (i.e. record labels, RIAA, etc)? I would also be highly concerned about validating the recipient of the money, especially since they're unlikely to reach out directly. The best you could do is purchase music from the musician though the least-fee-laden service available, so they get the most money legally possible.
Awesome idea. Hope this will work! I suggest you buy a ssl certificate. This will build trust.
Very good point, thanks. This was just the landing page, but you're 100% right. Adds to TODO list .
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Hi, thanks for posting your concerns, and I understand where you're coming from. Our visible payoff is creating a social network around payments - and while we will never charge fees on tips, there are many other services we can introduce to generate revenue. One example is later on allowing creators to actually sell their content on our network (to their fans) or having premium artist accounts to help them manage, e…
Co-founder here. To add. We also have to look at a future where an artist like Justin Bieber could put up a BTC address on his Twitter profile. Taking a cut means the artist has a small reason to not want to sign up ("they take 1%-2%. I'm better off just sticking a BTC address on my Facebook").
In this future of which you speak, are there any off-world colonies?