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RE: Musicoin - Dubbing you crazy!

in #musicoin7 years ago

Don't get me started about that hehe. I'm not even that keen on Bandcamp, who sold out their users with their paypal deals. What do I mean by that?

  1. Paypal take their % cut on the GROSS $ paid by the buyer to Bandcamp, not the actual money that Paypal transfers. This is simply dishonest and clearly designed to nickel+dime every transaction, making them a packet on the volume.

  2. There is no possibility to bundle/limit-pay Bandcamp payments. By that I mean "pay me out every time my balance reaches $10/20/50 etc). This makes sure that Paypal clean up on their %ages, which are the highest on small amount transactions - the majority of Bandcamp digital sales (a $1 single track)

The average combined % cut from both paypal+bandcamp is %25!!!! That's %5 more than my digital distributor. This, for me goes against their touchy-feely "we care so much about musicians" PR speak.

I'm not against Bandcamp per se - they do happen to be the best alternative, but there is no competition to this model (yet) and when that is the case, shit like this creeps in piece by piece....

The Musicoin approach with streaming & the blockchain definitely has the potential to make Spotify et al redundant. Bring it on.

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