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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 3:04 am Free audio plugins blockchain and coin idea

Hi! After observing successes of blockchain and cryptocurrencies, I've come up with an idea which could benefit producers of free audio plugins and create a kind of "stock market" for free audio plugins industry. I think this idea is doable, but since I'm a resident of Russia I have legal limitations to work on it myself. Some people with domestic ICO projects ended up in jail. This may be different in other countries like Japan. At this time I may not even be able to benefit from such a project.

Many of you are familiar with the idea of "mining". Its main use is to provide blockchain with data that can't be forged easily. Another use is to create new coins.

The idea is to attribute mined coins not only to miners, but also to producers of free audio plugins, probably in proportion 10% to miners, 90% to producers. Later even commercial producers may become a part of the blockchain.

So, instead of investing resources into "hashing power" which mining uses, one would invest resources into developing and marketing plugins.

The most tricky part here is to how spread the coins between producers. This requires a kind of "consumer proof" similar to "proof of work". Of course, the most complex problem is how to minimize the chance of faking the "consumer proof".

The basic elements of blockchain (they involve public-private key pairs):
wallet (similar to most cryptocurrencies, used to transfer coins)
producer record (name, website)
product record (name, website, producer-defined part number)
consumer record (name, address)
production record (refers to product record and niche index)
consumption record (refers to production record and consumer record)

When a product is "produced" a production record is added to the blockchain. Product also claims a niche (e.g. in the range 0-15), the mined coins are evenly spread between claimed niches, in each niche mined coins are further spread between actually consumed products.

In the case of plugins, "production" means issuance of a single product key.

When a consumer "consumes" a product which mean he downloads and installs a product, a "consumption record" is added to the blockchain, "signed" by the consumer (with an imposed limit of like 1 signature per day or per 1000 blocks, depending on blockchain's frequency). The consumption record claims a production record, production record can be claimed only once.

When miners find a new blockchain block, they process the "consumption records", finalize claims and calculate producer coin rewards.

In a general case, such blockchain requires a central authority for "consumer records" so that they can't be easily faked or robotized.

What's the purpose? Plugin industry reached its peak, most commercial producers frequently offer insane discounts, so the money supply is obviously at the decline. Creating a "stock market" for this industry offers a chance to inject a huge speculative capital from all parts of the world. In the end this may benefit the pro audio user in the form of new innovative products.
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stratum
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1845 posts since 29 May, 2012

Postby stratum; Fri Dec 22, 2017 3:37 am Re: Free audio plugins blockchain and coin idea

Hi

That looks like an interesting idea. One thing I wonder, what would be the incentive of miners to attribute coins to plugin producers instead of mining bitcoin with which they can keep the profit to themselves?
~stratum~
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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 3:41 am Re: Free audio plugins blockchain and coin idea

stratum wrote:Hi

That looks like an interesting idea. One thing I wonder, what would be the incentive of miners to attribute coins to plugin producers instead of mining bitcoin with which they can keep the profit to themselves?

I'm well into mining at this time (own bitcoin mining contracts). The mining is about cryptocurrency's price and mining competition. New coins without huge miner community are usually always profitable to mine.
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mystran
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4979 posts since 11 Feb, 2006, from Helsinki, Finland

Postby mystran; Fri Dec 22, 2017 4:06 am Re: Free audio plugins blockchain and coin idea

Personally I feel cryptocurrencies are just an absolutely terrible idea, because they waste crazy amounts of electric power on the "mining" and therefore contribute to global environmental warming. We should be looking for ways to make the modern society MORE energy efficient, not less.
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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 4:10 am Re: Free audio plugins blockchain and coin idea

mystran wrote:Personally I feel cryptocurrencies are just an absolutely terrible idea, because they waste crazy amounts of electric power on the "mining" and therefore contribute to global environmental warming. We should be looking for ways to make the modern society MORE energy efficient, not less.

Who cares about electricity, especially if civilization goes towards solar. The same critique can be said about just every industry - meat and diary production produces toxic waste, paper production generates deforestation, examples are plenty. We all are just fking consumers of this planet. The idea is not about cryptomining - if implemented correctly, miners get only a small stake of the coins.
Last edited by Aleksey Vaneev on Fri Dec 22, 2017 4:12 am, edited 1 time in total.
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stratum
KVRAF
 
1845 posts since 29 May, 2012

Postby stratum; Fri Dec 22, 2017 4:12 am Re: Free audio plugins blockchain and coin idea

I think producer "record (name, website)" field needs to be changed to "producers record (names, websites, percent share for each)" to allow colloboration.
~stratum~
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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 4:19 am Re: Free audio plugins blockchain and coin idea

stratum wrote:I think producer "record (name, website)" field needs to be changed to "producers record (names, websites, percent share for each)" to allow colloboration.

For blockchain this will complicate things a lot, because it will require authority to distribute share of the income. Product development (which includes marketing and many smaller things as well) income distribution should be off the blockchain.
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svrc
KVRist
 
199 posts since 12 Sep, 2007

Postby svrc; Fri Dec 22, 2017 4:53 am Re: Free audio plugins blockchain and coin idea

"Russia moving quickly now on ICO legislation".

https://www.icoexaminer.com/ico-news/ru ... -ico-bill/
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VariKusBrainZ
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7987 posts since 16 Dec, 2002

Postby VariKusBrainZ; Fri Dec 22, 2017 4:59 am Re: Free audio plugins blockchain and coin idea

I dont understand why bitmining isnt used to resolve useful problems that can benefit mankind, rather than just resolving a pointless problem to generate coins
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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 5:05 am Re: Free audio plugins blockchain and coin idea

VariKusBrainZ wrote:I dont understand why bitmining isnt used to resolve useful problems that can benefit mankind, rather than just resolving a pointless problem to generate coins

I've thought about this, the main obstacle is about not faking the work done. For example, it's possible to solve optimization problems instead of finding hashes. The problem is, who will generate the useful optimization problems, how the complexity of optimization problems will be calculated, etc, how miner effort will be evaluated in a "fair" way.

What I've proposed with my idea is the closest thing I've come up with which can make "mining" economically useful in a general sense.
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Miles1981
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1355 posts since 26 Apr, 2004, from UK

Postby Miles1981; Fri Dec 22, 2017 5:18 am Re: Free audio plugins blockchain and coin idea

What would people do with these coins?
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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 5:21 am Re: Free audio plugins blockchain and coin idea

Miles1981 wrote:What would people do with these coins?

Exchange to USD.
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dreamvoid
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197 posts since 8 Jun, 2009

Postby dreamvoid; Fri Dec 22, 2017 5:55 am Re: Free audio plugins blockchain and coin idea

Aleksey Vaneev wrote:
mystran wrote:Personally I feel cryptocurrencies are just an absolutely terrible idea, because they waste crazy amounts of electric power on the "mining" and therefore contribute to global environmental warming. We should be looking for ways to make the modern society MORE energy efficient, not less.

Who cares about electricity, especially if civilization goes towards solar. The same critique can be said about just every industry - meat and diary production produces toxic waste, paper production generates deforestation, examples are plenty. We all are just fking consumers of this planet. The idea is not about cryptomining - if implemented correctly, miners get only a small stake of the coins.


When I'm reading something like that, I loose trust in a one-man-company like yours and think twice the next time I want to buy something from Voxengo. Seriously. BitCoin mining and other generated cryptocurrencies are not only a huge waste of energy, but also a parasitic concept, like financial speculations of all sorts, to exploit hard working people. In the end all this number playing is realised into real goods and services people work for. So you exchange some mathematical, energy wasting drivel with real goods and services. It is the epitome of dumb and greedy capitalism.
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Aleksey Vaneev
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3501 posts since 7 Sep, 2002

Postby Aleksey Vaneev; Fri Dec 22, 2017 6:00 am Re: Free audio plugins blockchain and coin idea

dreamvoid wrote:
Aleksey Vaneev wrote:Who cares about electricity, especially if civilization goes towards solar. The same critique can be said about just every industry - meat and diary production produces toxic waste, paper production generates deforestation, examples are plenty. We all are just fking consumers of this planet. The idea is not about cryptomining - if implemented correctly, miners get only a small stake of the coins.


When I'm reading something like that, I loose trust in a one-man-company like yours and think twice the next time I want to buy something from Voxengo. Seriously. BitCoin mining and other generated cryptocurrencies are not only a huge waste of energy, but also a parasitic concept, like financial speculations of all sorts, to exploit hard working people. In the end all this number playing is realised into real goods and services people work for. So you exchange some mathematical, energy wasting drivel with real goods and services. It is the epitome of dumb and greedy capitalism.

Well, I just do not pretend I'm a "holy spirit". I obviously consume a lot of natural resources to produce plugins (I eat, I heat, I buy clothes, housing, I buy industry-heavy electronics, I buy electricity, etc). All of us do. But instead of most existing ICO ideas, I've offered something which at least puts the "greedy capitalism" to a good use of producing something useful. And you'll get good products for free.
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PurpleSunray
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789 posts since 13 Mar, 2012

Postby PurpleSunray; Fri Dec 22, 2017 6:37 am Re: Free audio plugins blockchain and coin idea

I still don't get what the point on this.

This would a normal AudioCoin crypto-currency, just like BitCoin, but instead of searching hashes you implement audio plugins on mining?

Well.. besides the fact that I think BitCoin is the biggest scam since a long time, I see various problems.

First and foremost:
Developing plugins doesn't scale. If you need more hashing power you add ore ASICs. If you need to more developer power, you need to find a wife and produce some (will take 18 years of rampup time at least).
Also what is during XMass? When all the devs are on vacation? Is the network on pause then becuase no new blocks produced?

And then all the stuff come on top that I don't like on bitcoin.
BitCoin was supposed to be a "free" anternative, w/o greedy banks involved that take transacation costs. AHAHAHA good joke. Transacation cost on BitCoin is way higher than on a bank transfer, so you have replaced greedy banks with even more greedy minres. congrats.
Transactions without a central authority? So what is the coinbase & co than?

The blockchain technical concept might be good, but building chains of hased blocks is nothing new.
What's new is BitCoin and all the fuzz arround, mainly designed to move money from gullible clueless grandma pocket into the pocket of the miner.
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