Something that’s not mentioned as much, is how Bitcoin will disrupt the music industry, basically bring it to its knees and watch it collapse.
Music has been devalued to the point where artists beg platforms for fractions of a cent. Most people on earth believe music is free as a result of this devaluation that’s going on for decades.
An album CD from 1985 cost around $20 and a Vinyl around $10, which adjusted for inflation should cost $58 and $30 respectively in 2024. But what do we have? Songs cost $0.99 on iTunes since 2001, albums cost somewhere around $9.99, Spotify pays $0.003 per stream, and a vinyl, which is considered a collectors item, goes for $15-$50.
Music has been devalued and we’ve let platforms like Spotify decide how much our music is worth. Fuck that.
Bitcoin will usher in a new era for artists and musicians. An era of freedom and independence from predatory record label and platforms.
Bitcoin micro-transactions, and rewards and loyalty programs will disrupt the music industry moving forward. Fans now have a way to support their favorite artists directly, without third parties, and in a self sovereign censorship resistant way. Don’t ask for permission.
Music is not content. Music is a form of art, and yes, people should pay for it. Music is not free. If you think it’s free, the artist is paying for your privilege to listen to it for free in the form of having to work multiple jobs to make ends meet and living paycheck to paycheck hoping the music thing pans out.
Artists are getting screwed by the incumbent platforms. But it’s hard to do something about because of the right grasp that major labels have on the industry.
But now we have Bitcoin.
Disrupting the music industry one artist at a time.
Support your favorite artists. And if you know an artists, orange pill them and bring them to Nostr.
Bitcoin is hope.
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx would love your thoughts here. I want this message to reach every corner of Nostr. ⚡️⚡️
I’m using all the zaps to support artists on nostr:npub1yfg0d955c2jrj2080ew7pa4xrtj7x7s7umt28wh0zurwmxgpyj9shwv6vg
