pouët.net

demosceners using choon to earn cryptocurrency from streams?

category: music [glöplog]
"blockpanther"?
added on the 2018-07-31 20:28:40 by Gargaj Gargaj
If only dupe prod add removals were billable in blockpanther! blkpanther would be poor as fuck.
added on the 2018-07-31 22:24:38 by havoc havoc
Quote:
Why not pay the artists with actual money?


Quote:
fizzer: i imagine that'd be quite expensive


:D
added on the 2018-08-01 10:58:18 by natalia natalia
The only way 10000 choon can be equal to 1 ETH is if they sit on a bunch of ETH they want to give away. Otherwise I don't understand how they can claim that. I guess they hope that they will be able to list this crypto on an exchange and that people will buy it. There is no guarantee for any of this to happen.

The price of choon is what people are prepared to pay for it, as always.
added on the 2018-08-01 11:56:34 by El Topo El Topo
Quote:
The only way 10000 choon can be equal to 1 ETH is if they sit on a bunch of ETH they want to give away.

Not really, valuation is external. The value of anything new is assigned to by people owning established currency - see also initial public offerings of companies: the company may or may not be actually worth the amount of value the shares are sold for, but people are taking the risk to invest anyway. The ETH value of whatever new currency choon came up with is simply a valuation by people who are willing to exchange it for ETH.
added on the 2018-08-01 12:11:24 by Gargaj Gargaj
Ok, so it's some kind of self-estimation of worth? Well, I hope you early-choon-adopters the best of luck, I'm not shitting you.
added on the 2018-08-01 13:42:51 by El Topo El Topo
Thing is, ETH is already an "estimated" valuation, in that it's not a currency, it's a market asset, so a "choon" would be an estimated valuation based on another estimated valuation, so imagine the fluctuation a normal currency goes through, and then multiply that with itself twice to get an idea how much it'll fluctuate.

The additional problem is that your currency is only worth anything if there are buyers, and as the cryptocurrency market begins to grow bigger almost exponentially, crypto types will compete against each other and if yours isn't the creme du jour, it's very likely that you can amass a large amount of tokens that noone is willing to buy because there's no use for it.

I've found a post about someone's predictions on how much a token will really be worth; it asserts that with "5% Market share" (which is an unrealistically _massive_ stretch, just consider that Tidal has 5% streaming market share and has names like Jay-Z and Kanye behind it, whereas the only person Choon can offer right now is Darude - no offence), you'll get $0.5 per "note", but since you don't know how many notes you get per stream, you have to divide that down even more, so even if you can somehow exchange it I wouldn't be surprised if you end up with Spotify-levels of returns.
added on the 2018-08-01 14:17:16 by Gargaj Gargaj
that's pretty much a correct analysis I would say
added on the 2018-08-01 15:04:25 by natalia natalia
ok. so, i got 28000 $NOTES together. I then withdrew them onto a MetaMask. Then I deposited them onto a Forkdelta. Then I started a sell to convert those 28K $Notes into Ethereum. I eventually made the sales, and then deposited the 0.08 eth from Forkdelta onto MetaMask, and then withdrew that onto my Exodus-wallet. I've now made 21euro out of choon.co streams.

I might continue posting more stuff on there, but I really think the learning curve to figure out how to do Choon $Notes -> MetaMask -> ForkDelta -> MetaMask -> Exodus was almost brainmelting. I found a blog about it eventually, and am still shaky on the details.. but yep, first 20bux made out of Choon usage.

Looking at what Darude has (700K $Notes), he'd get around 500€-ish if he cashed them in. or, maybe it would make sense to wait for the price to inflate or something. anyway. that's my experience thus far.
added on the 2019-07-06 22:04:30 by distance distance
So, if you billed all the time spent figuring that out, how long until you make a profit? (Or maybe more realistic, how long until Darude makes a profit ;)
added on the 2019-07-07 00:05:35 by psonice psonice
Quote:
So, if you billed all the time spent figuring that out, how long until you make a profit? (Or maybe more realistic, how long until Darude makes a profit ;)


if i didn't do it, it'd be 20€ left on the table, never picked up. i might wait till i get 100K $Notes together before I do it the next time, but that'll require me to keep uploading releases that aren't yet on choon on there.

I'm a firm believer in not leaving money on the table, no matter how little or big it is. They all add up in the end. Considering it'll take me something like 5 days to upload the rest of my catalogue onto choon, I'm not sure when I'll do it, but I'll do it. Currently looking into Musicoin as another cryptostreaming service.

Most ppl making music, in addition to trying to maximize their amounts of sales, amounts of gigs and trying to get paying commissions, are also interest in making a buck with their music while they're sleeping. Streaming and cryptostreaming allows for that. Spotify gets a lot of flack, but over the past 4 years, they've paid me $1100. if i was like "dude uhh so like billable hours haha lol this is a joke", that'd be a sum I'd be leaving on the table again.
added on the 2019-07-07 17:57:56 by distance distance
Yeah I’d try it too. Some things are worthwhile tho (sounds like Spotify is), others just eat endless amounts of time for little (or worse zero) return. Then again, sometimes it’s still worth it even then. Putting a price on the time let’s you weigh it against the return tho, can help figure out if it’s worth continuing.

Btw, check if Spotify etc have affiliate schemes. I know iTunes does at least, because I used to use that for apps - people visit my site, click through to App Store and buy one of my apps, I get a cut of apples commission as well as the sale. Took a few hours of work to set up but that was paying a few hundred a year for a few years until they stopped a it (it’s still available for music).
added on the 2019-07-08 00:51:23 by psonice psonice
Apparently, Spotify does not seem to have affiliate schemes, but Apple Music does. I'm not sure if I qualify for it, but I'll keep it in mind. Thanks for the suggestion!

I just bumped into a huge list of various cryptostreaming websites, there's like 10+ of them, which is absolutely crazy.

https://johnbartmann.com/blockchain/list-blockchain-powered-music-platforms-watc h-2019/

I think I might not be doing the right thing if I try to register onto every one and start pushing them around and promoting, as the amount of time invested would be ridiculous. For instance, Musicoin -- i have 178 $music - which is 0.000137 Ethereum -- would need to get like a million+ $music for it to make sense. and then there are other, smaller ones.

someone remarked it feels like a dotcom rush. i guess it does?!
added on the 2019-07-08 16:29:42 by distance distance

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