Musicoin, Sell: `Sugar, We`re Goin Down`
(WorldNews Music)

Musicoin (MUSIC-USD) is a cryptocurrency and associated platform whose professed aim is to disintermediate the music streaming business. It plans to achieve this through a cryptocurrency to facilitate royalty and other payments, and via peer-to-peer content delivery. Its whitepaper is not short on hooks: it claims it will offer artists a minimum payment per stream of $0.02, over three times more than the maximum rate offered by Spotify, the next highest payer. It claims it will achieve this while not charging users any subscription fees or showing any advertisements. Herein, evidence is laid out that its central claims are grossly unrealistic and that it is in no position to viably challenge...