30 Jul '15, 3pm

Can Bitcoin Get Taylor Swift to Love Spotify? $AAPL

Currently, tracking music rights payments is so convoluted that songwriters, backup musicians, publishers and superstars such as Taylor Swift can't determine whether they're being paid fairly, or at all. Streaming services have exacerbated the problem. Low payments were one reason Swift cited for holding her music off Spotify last year. "The [current] economic system is no longer viable," said Panos Panay, a researcher at the Berklee School of Music in Boston. "The more we looked into it, the more we thought... Bitcoins could really work." Bitcoin attracted enormous attention following its 2009 launch when adherents declared that it could fix the global banking system by providing an efficient way to transfer funds between people and businesses. Bitcoin eventually fell out of favor due to a lack of adoption, high volatility and a few high-profile snafus that smelled of imp...

Full article: http://www.thestreet.com/story/13222675/1/can-bitcoin-get...

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