Music sharing is not dead..
It just got a little side tracked for a while
Bittunes allows users to earn Bitcoin
simply by buying songs
Bittunes has pioneered a system that allows Artists to work in partnership with their fans and share revenue with fans who have purchased that Artist’s tracks.
How does this work? (see 3.3 in the white paper for more detail)
Basically, any user who has purchased a song will go on earning Bitcoin from that purchase, just by being an active member, rating songs and using the app often. This is how microearnings selection works in Bittunes 1.0
Bitcoin will remain the primary currency..
But in Bittunes 2.0 we are introducing the Flex token
The initial function of Flex is that it takes the form of a ‘smart token’ that contains meta information encrypted within its structure as a wrapper, to enable various processes, like bridging between conventional payment systems such as Stripe and crypto currencies like Ether and Bitcoin. With such payment data only readable in the application and not flowing onto the web when Flex is traded. Importantly, Flex can be earned, and is also ‘burned’ to balance supply, (see white paper for details).
The ‘Social Songs’ feature has nothing to do with Bitcoin
But everything to do with free, legal file-sharing..
Beyond that, songs will reveal a ‘people history’ relevant to each user when displayed in the Bittunes interface. This unique feature leverages one of the foundational aspects of Bittunes 2.0, i.e that if an Artist authorizes a song to be able to be shared for free, it can be shared from ‘user-to-user-to-user‘ even outside Bittunes, in a totally unrestricted manner. (NOTE: all recipients join that Artist’s network, and automatically become Bittunes members)