Bittunes
Description
Bittunes is a project to create an 'Independent Digital Music Market'
We believe that what is needed is to utilize the best attributes of P2P file sharing technology, but to radically change the way the technology is applied so that ordinary people actually earn money by becoming the new distribution channel for digital music. To achieve this will not be easy, but the end result could be nothing short of revolutionary, so we want to start to make it happen.
The music industry has been constrained both by its structure, and by the technologies used to record and distribute it over the past 100+ years. Archaic copyright rules neither protect musicians, nor do they recognize the unique social properties of music. The fundamental nature of what music is, industry greed, and improper use of modern technologies to try to restrict how music is played and used have contributed to falling sales, and artists being ever more poorly compensated in order to protect the business models of the big labels.
Bittunes was created to address these problems and leverage the power of the internet and p2p technology to create the first global independent music market that puts control back in the hands of the musicians and their fans, and rewards rather than penalizes the network for helping to spread the music to everyone who wants to hear it.
"Bittunes is creating a social music sharing & earning web-service, Android app & P2P network, that monetizes the exchange of digital data as users share songs, initially exclusively using Bitcoin as the primary operational currency, but denominating all songs in $US. Bittunes deals directly with the Music Piracy problem, with a carrot not a stick, rewarding artists fairly, and allowing users to potentially earn 5-10x profits on song purchases."