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  3. I've learned to be skeptical of everything that is "on the blockchain".

I've learned to be skeptical of everything that is "on the blockchain".

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ludditemusicninaprotocolbyespotify
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  • malte@radikal.socialM This user is from outside of this forum
    malte@radikal.socialM This user is from outside of this forum
    malte@radikal.social
    wrote sidst redigeret af
    #1

    I've learned to be skeptical of everything that is "on the blockchain". Nina protocol is a music platform where artists keep 100% of the revenue from music sales. That's pretty cool and generally this project sounds great. Can a fellow #luddite tell me why the blockchain shouldn't be a red flag here? https://www.ninaprotocol.com/about #Music #NinaProtocol #ByeSpotify

    ankabanka@radikal.socialA 1 Reply Last reply
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    • malte@radikal.socialM malte@radikal.social

      I've learned to be skeptical of everything that is "on the blockchain". Nina protocol is a music platform where artists keep 100% of the revenue from music sales. That's pretty cool and generally this project sounds great. Can a fellow #luddite tell me why the blockchain shouldn't be a red flag here? https://www.ninaprotocol.com/about #Music #NinaProtocol #ByeSpotify

      ankabanka@radikal.socialA This user is from outside of this forum
      ankabanka@radikal.socialA This user is from outside of this forum
      ankabanka@radikal.social
      wrote sidst redigeret af
      #2

      @malte I think the important bits will be in their future business model: https://help.ninaprotocol.com/hc/en-us/articles/22843799264919-How-does-Nina-make-money

      So far, it's not defined. Could be a good thing, could also turn into something strange over time.

      Something that adds to my scepticism in this case is lack of transparency as to:

      1) Who is involved

      2) Where did the funding come from, and why did someone decide to invest in this?

      https://help.ninaprotocol.com/hc/en-us/sections/14158287421079-About-Nina

      Could be a good project, but some more info would be needed to really assess.

      malte@radikal.socialM 1 Reply Last reply
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      • ankabanka@radikal.socialA ankabanka@radikal.social

        @malte I think the important bits will be in their future business model: https://help.ninaprotocol.com/hc/en-us/articles/22843799264919-How-does-Nina-make-money

        So far, it's not defined. Could be a good thing, could also turn into something strange over time.

        Something that adds to my scepticism in this case is lack of transparency as to:

        1) Who is involved

        2) Where did the funding come from, and why did someone decide to invest in this?

        https://help.ninaprotocol.com/hc/en-us/sections/14158287421079-About-Nina

        Could be a good project, but some more info would be needed to really assess.

        malte@radikal.socialM This user is from outside of this forum
        malte@radikal.socialM This user is from outside of this forum
        malte@radikal.social
        wrote sidst redigeret af
        #3

        @ankabanka Good points!

        malte@radikal.socialM 1 Reply Last reply
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        • malte@radikal.socialM malte@radikal.social

          @ankabanka Good points!

          malte@radikal.socialM This user is from outside of this forum
          malte@radikal.socialM This user is from outside of this forum
          malte@radikal.social
          wrote sidst redigeret af
          #4

          @lillenicxx Maybe Nicklas knows something about the funding actor? @ankabanka

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