{"action":"created","issue":{"url":"https://api.github.com/repos/Musicoin/MCIPs/issues/1","repository_url":"https://api.github.com/repos/Musicoin/MCIPs","labels_url":"https://api.github.com/repos/Musicoin/MCIPs/issues/1/labels{/name}","comments_url":"https://api.github.com/repos/Musicoin/MCIPs/issues/1/comments","events_url":"https://api.github.com/repos/Musicoin/MCIPs/issues/1/events","html_url":"https://github.com/Musicoin/MCIPs/issues/1","id":231273897,"number":1,"title":"What money supply should be with $MUSIC?  Let's discuss","user":{"login":"immartian","id":81030,"avatar_url":"https://avatars2.githubusercontent.com/u/81030?v=4","gravatar_id":"","url":"https://api.github.com/users/immartian","html_url":"https://github.com/immartian","followers_url":"https://api.github.com/users/immartian/followers","following_url":"https://api.github.com/users/immartian/following{/other_user}","gists_url":"https://api.github.com/users/immartian/gists{/gist_id}","starred_url":"https://api.github.com/users/immartian/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/immartian/subscriptions","organizations_url":"https://api.github.com/users/immartian/orgs","repos_url":"https://api.github.com/users/immartian/repos","events_url":"https://api.github.com/users/immartian/events{/privacy}","received_events_url":"https://api.github.com/users/immartian/received_events","type":"User","site_admin":false},"labels":[],"state":"open","locked":false,"assignee":null,"assignees":[],"milestone":null,"comments":16,"created_at":"2017-05-25T08:30:08Z","updated_at":"2017-08-24T20:12:51Z","closed_at":null,"body":"//This is just a general idea to foster further discussions. It is supposedly to have full MCIPs to summarize all discussion and take actions accordingly. \r\n\r\nEver since $MUSIC blockchain genesis on Feb.11th, we have received several rounds of ebb and flow from miners community and eventually all reflected in market. \r\n\r\n![image](https://cloud.githubusercontent.com/assets/81030/26442571/aa0da638-4167-11e7-802b-4252ab8c399b.png)\r\n\r\nThe volatility was normal to any new currencies, which was also in my expectations. However, the biggest controversy in the past months, on money policy, didn't get well understood by community. Since it is related to the currency performance, the same time leading to the future of the system, I have to explain more and seek further deliberations. \r\n\r\nThe design of $MUSIC(or Musicoin the whole project) is to peg with music consumption, or we won't even create this new currency and make it mine-able. It also means it's associated with real world economy. Music industry yield 6-7 Billion USD revenue in digital recording, which is far below the hay days in history. The issuance of a new currency for $MUSIC, seemingly not so significant, but maybe helpful to make it great again. It's the design of the currency and blockchain, and we are here already.  I explained many times that music consumption in this world is much valuable than current economic scale, but not well reflected and/or collected because of the wrecked structure of legacy system. $MUSIC is to change the paradigm, it's why a currency should match this vision. \r\n\r\nIt's why we didn't set the cap of the issuance of the currency and let it naturally emit from the adoption. Nonetheless, I also heard the outcrying from early adopters who wish to invest and see it's up-roaring all the time(it's impossible to any currency, right?). I'm seriously thinking of how to adjust the policy in the next upgrades. Of course, it needs some systematic thinking and holistic thinking. We should keep the faith on the vision, the same considering all the stakeholders along the road.  I hope this issue will lead a constructive process to start working toward a more delicate solution in the next move, and give the system a brighter future. "},"comment":{"url":"https://api.github.com/repos/Musicoin/MCIPs/issues/comments/324744118","html_url":"https://github.com/Musicoin/MCIPs/issues/1#issuecomment-324744118","issue_url":"https://api.github.com/repos/Musicoin/MCIPs/issues/1","id":324744118,"user":{"login":"rtanaka1981","id":6267132,"avatar_url":"https://avatars0.githubusercontent.com/u/6267132?v=4","gravatar_id":"","url":"https://api.github.com/users/rtanaka1981","html_url":"https://github.com/rtanaka1981","followers_url":"https://api.github.com/users/rtanaka1981/followers","following_url":"https://api.github.com/users/rtanaka1981/following{/other_user}","gists_url":"https://api.github.com/users/rtanaka1981/gists{/gist_id}","starred_url":"https://api.github.com/users/rtanaka1981/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/rtanaka1981/subscriptions","organizations_url":"https://api.github.com/users/rtanaka1981/orgs","repos_url":"https://api.github.com/users/rtanaka1981/repos","events_url":"https://api.github.com/users/rtanaka1981/events{/privacy}","received_events_url":"https://api.github.com/users/rtanaka1981/received_events","type":"User","site_admin":false},"created_at":"2017-08-24T20:12:51Z","updated_at":"2017-08-24T20:12:51Z","body":"Had a basic question about mining after UBI -- it was said that the miners will be providing the coins to listeners for the free listens that are given to the user.  I was wondering what the miners' incentive would be in this model...what do they get in return for providing this service?  Or is the give-away just a % of the whole?\r\n\r\nI've probably missed something somewhere but would like to know how it all comes together."}}
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