Subvert – Collectively owned music marketplace

It's a great start. Co-ops and non-profits can also be subverted and taken over. I hope you look ahead and plan very carefully.

For example, according to an (unverified) story someone told me, a vendor to US east coast food cooperatives now controls many of them; they get their person in, pass bylaws empowering them and disempowering the board (the board usually lacking sophistication), and have deeper pockets for any legal struggle than any co-op member does.

Also, I remember in the news that a non-profit or limited-profit company in the IT industry, founded for the public good, is going to be turned into a for-profit. The board actually fired the person behind this plan, but that person came back and fired the board members.

The FAQ has:

> Is this a crypto thing?

>> No.

I realize that crypto is a bad word for some people, but I think that the above answer has a corollary:

> Does it have a single point of control that will attract corruption if enough of us start using it?

>> Yes

Certainly plenty of poorly designed crypto things also have that point of control, but a well designed crypto thing at least has a shot at resilience.

Smart contracts only affects on-chain stuff, and this deals with real-world things. No smart contract is going to help you if webmasters update website, or if a board decides to add a rule.

See also: NFT delisting.

When I imagine using crypto for this problem, the on-chain portion is a registry of hashes (for the songs) which maps them to addresses which I can send money to and then the contract multiplexes the money out to the appropriate people. So if it's one dude with a guitar and a microphone, 100% goes to him. But if it's a remix of a remix of a remix, then maybe that money gets split 50 ways.

I don't know if I need a website or a board for that. Of course I'm not the one building this, so my imagined design doesn't matter. But the question is: if not that, then what? I'm curious, I'm just gonna sleep on it before I decide that I'm $100 curious.

Edit: I see I can get the zine digitally first before deciding to be an owner. I guess I have some reading to do.

What would happen if somebody forgets or loses the key?

Reality: there's nothing that blockchain does better than an Excel sheet.