When is Bitcoin Halving Event, and What Should We Expect From It?

When is Bitcoin Halving Event, and What Should We Expect From It?

Bitcoin halving is a critical event in the cryptocurrency sector that influences Bitcoin’s issuance rate and market dynamics. This mechanism is embedded within Bitcoin’s protocol, ensuring the digital currency’s scarcity and, theoretically, its value over time.

The Bitcoin halving countdown engages the community long before the event itself, marking a period of heightened speculation and analysis. This countdown is not just a timer but a signal to the market of impending changes in the supply dynamics of Bitcoin.

When is the Next Bitcoin Having?

Bitcoin halving occurs approximately every four years after every 210,000 blocks have been mined. This event halves the reward that miners receive for adding new blocks to the blockchain. It’s a deliberate mechanism to control Bitcoin’s inflation by slowing down the introduction of new coins into circulation.

The next halving is scheduled to occur around 2028, following the 2024 halving. This event will continue to follow the Bitcoin halving pattern, reducing the block reward further and impacting miners’ rewards.

How Could BTC 2024 Halving Affect the Market?

The most recent halving in mid-April 2024 saw the block reward drop from 6.25 to 3.125 bitcoins per block. This reduction has several implications:

  • Supply shock. With fewer new bitcoins being created, any stable or increasing demand could lead to a supply shock, potentially pushing prices upward.
  • Mining profitability. The immediate effect on miners is reduced profitability, prompting efficiency improvements or exit from the market for those unable to sustain operations.
  • Market sentiment. Historically, halvings have led to bullish market sentiments as traders anticipate price increases due to the reduced supply rate.

Previous halvings have shown a pattern of influencing Bitcoin’s price and the broader crypto market:

  • First halving (2012). The block reward was reduced from 50 to 25 bitcoins. This event coincided with a significant price increase from around $12 to over $1,000 within a year.
  • Second halving (2016). The reward dropped from 25 to 12.5 bitcoins, leading to a gradual price increase that culminated in reaching $19,700 in December 2017.
  • Third halving (2020). The reward halved from 12.5 to 6.25 bitcoins, with the price marking its new all-time high of $69,000 in April 2021.

Bitcoin halvings play a fundamental role in the cryptocurrency’s economic model, directly affecting the supply and, indirectly, the market price. Each upcoming Bitcoin halving is a critical moment for the network and its participants, driving the development of Bitcoin as a digital asset.

269 – 5 Steps to Web3 Success for Independent Musicians

269 – 5 Steps to Web3 Success for Independent Musicians

Is it time to embrace Web3 as a musician? What steps should you take if you’re interested in making a go of it as an independent artist?

That’s what we’re going to be looking at in this episode of The New Music Industry Podcast.

Podcast Highlights:

  • 00:27 – Web3 is here
  • 01:06 – Learning about blockchain-powered, decentralized platforms
  • 02:13 – Discover the platforms and experiment with them
  • 03:41 – Dig your rolodex well before you’re thirsty
  • 04:34 – Create your first NFT (if you haven’t already)
  • 05:46 – Understanding how to handle cryptocurrency, Bitcoin, Ethereum, etc.
  • 07:01 – Episode summary
  • 08:10 – Closing thoughts

Resources Mentioned in This Episode:

Transcription:

Hey, it’s David Andrew Wiebe.

Like it or not, Web3 is here. Now, nobody knows for sure how things are going to shake out with the current hype. The parallels to the dot-com bubble are practically beyond reproach, so separating hype from reality is a serious challenge.

But investor Eric Siu makes a good point – it’s called Web3 for a reason. It’s happening, and it’s here to stay. It’s the next evolution of the web.

Web3 is the next evolution of the web. Share on X

And so, we need to begin dipping our toes into the waters before jumping headlong into the unknown. But the time to get started is now. The longer you wait, the greater the chance you will miss out on incredible opportunities.

Today, we’re going to be looking at five steps to Web3 success for independent musicians.

Step #1 – Begin Learning

What is Web3? How does it work? Why does it matter?

Whether on The New Music Industry Podcast or Music Entrepreneur HQ blog, we’re no stranger to blockchain related topics:

The point is that what may have been taken for granted only six years ago is now manifesting at a dizzying rate. Decentralized, blockchain-based platforms are here. And there are already many creators taking advantage of them, earning a full-time living, and more.

The time to start learning is now. And if possible, you want to make it part of your daily routine to read, listen, or watch on the topic, whichever medium suits you best.

The time to start learning is now. Share on X

Step #2 – Start Experimenting

BitClout

Even on the podcast, I’ve made multiple invitations to come and join me on platforms like Odysee and BitClout. Odysee is like the blockchain-powered YouTube, and BitClout is like the blockchain-powered Twitter.

You’ve probably heard my invitation to join Koji in recent episodes as well, which is an amazing link in bio app that even allows you to create and sell NFTs.

I’ll talk more about NFTs in a moment, but what I want you to take away is that you can still be an innovator or early adopter in the technology adoption life cycle, and that can be an exciting thing.

Decentralized communities are still smaller than on most social networks, but they’re very connective, and they’re obviously forward looking.

These platforms also tend to value things like free speech and freedom of expression, and I know people kind of seesaw on that issue these days, but if that’s one of your values, that’s another reason to begin to check out Web3 platforms.

And while you might be intimidated, many of these platforms are just like the social networks you already use and are an excellent place to build a following and create connections, for reasons I’ve already shared. In many cases, there are even opportunities to earn on the content you share.

So, what else is out there? Here are just some of the many platforms people are getting excited about:

Rumble, DTube, Steemit, Mediachain, Fluz, Sapien, and Vevue are all exciting new platforms.

And when it comes to NFT marketplaces, there are many others, though some platforms already mentioned allow you to create and sell NFTs too.

Step #3 – Dig Your Well

Networking and collaboration are huge in the music industry. If you want to grow your music career, there’s nothing quite like expanding your rolodex.

I just got my first gig in Vancouver today, and it’s all because of who was in my network. It had nothing to do with my ability to sell myself, and everything to do with who I knew.

I’ve connected with influencers on Web3 platforms by showing up daily and posting valuable content. It’s far easier to get connected with a community that has something in common versus an amorphous giant like Facebook.

If you’re willing to do the legwork, you can create relationships with some of the top influencers now. It doesn’t matter whether you plan to ask them for anything. Simply being known can sometimes lead to opportunities in the future.

To generate more opportunities for yourself and your career, start connecting with more people. It will be easier now to connect with Web3 “big names” now than in the future.

To generate more opportunities for yourself and your career, start connecting with more people. Share on X

Step #4 – Create an NFT

The NFT craze is starting to find new pastures as the space gradually matures, though it’s still going to take some time for it to come into its own.

And here’s the bottom line – there’s nothing easy about succeeding in NFTs, just as there’s nothing inherently easy about YouTube, crowdfunding, licensing and placements, or TikTok.

It’s like those meme video you’ve probably seen:

  • Step 1: exist
  • Step 2: create
  • Step 3: sell
  • Step 4: complain that no one cares about your NFT

If you’re serious about NFTs, make it your full-time job. That’s not a joke. You need to dedicate some serious time, effort, and energy into it. You need to stay connected to your communities and improve your digital marketing skills.

If you’re serious about NFTs, make it your full-time job. Share on X

What I’m encouraging you to do here is to create one NFT, so you know what the process looks like. You know the steps involved, and in the future, if you want to create more, you’ll know exactly what the process is.

There is a gas fee for all NFTs, which in simple terms means there’s a cost to posting your NFT in the first place. Didn’t know that? Now’s the time to go and get some practice. Make your first NFT.

Step #5 – Learn How to Handle Cryptocurrency

Odysee

Decentralized social networks generally deal in cryptocurrency in some capacity. Steemit has STEEM. Odysee has LBRY credits. DTube has Datacoin.

Since this is how you’re generally paid in the Web3 landscape, you might at least want to know how to exchange your crypto for real cash.

Please understand. This is not investment advice. I’m not asking you to gamble away your life savings on SHIBA INU.

But many exchanges and wallets will give you a little bit of money to invest just for signing up, and you might want to put a little bit of your own money into it, like $50 or so, so you better understand the process.

And I’m not asking you to do anything I haven’t done here. I have a little bit of money invested in crypto, even if it’s not a lot in the grand scheme of things.

As with anything, the terminology can sometimes make things confusing. But the process, rest assured, isn’t as difficult as you might expect.

So, go through the basics of setting up a wallet, buying some crypto, moving it to another wallet of your own, and so forth, to gain a comfort level with cryptocurrency.

But again, please be careful. If you plan to invest, be conservative. Don’t give your recovery code to anyone. Don’t succumb to scammers asking you to invest with them. There are a lot of those going around right now, especially on WhatsApp.

Episode Summary

  • Begin learning what Web3 is all about. Start with the simplest of definitions. Read articles, listen to podcasts, watch videos. Ask friends. Check out decentralized social networks and NFT marketplaces like OpenSea, Foundation, Nifty Gateway, and so on.
  • Start experimenting. You can start experimenting risk free today. Many decentralized social networks are easy to sign up for, and posting content is typically the same as it would be anywhere else. You can start earning various cryptocurrencies on your activity today.
  • Get connected. Your network is your net worth. Take the initiative and start building new relationships. These can only benefit you in the short- and long-term.
  • Create an NFT. Create your content. Set up an NFT on your platform of choice. Pay the gas fee. Share your NFT with others. Go through all the motions so you know what the process looks like.
  • Learn how to handle cryptocurrency. Get set up with eToro, Uphold, Binance, Coinbase, Kraken, or another site. Invest a small amount of money into crypto. Sell some crypto. Move it to another wallet you own. Learn all the basics.

Closing Segment

The PDF Vault may well be one of the best free resources available for musicians. It includes multiple eBooks, blog resources, podcast resources like transcripts and cheat sheets, and more, and we’re still in the process of adding hundreds of resources to it. To sign up, go to davidandrewwiebe.com/PDFVault and access over 100 PDFs today. That’s davidandrewwiebe.com/PDFVault.

This has been episode 269 of The New Music Industry Podcast. I’m David Andrew Wiebe, and I look forward to seeing you on the stages of the world.

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I was Interviewed on Music2020

Earlier this year, I reviewed the book, Blockchain Revolution.

This was a long and difficult read, though certainly compelling.

You may know the blockchain as the technology undergirding cryptocurrencies like Bitcoin.

What you may not know is that the blockchain could change the way transactions – not just financial, not just crypto, but all manner of transactions – will be completed in the future.

And some of my colleagues believe that the blockchain could bring positive change to the music industry.

What’s the Problem with the Music Industry?

Last week, I was at an open mic. There’s a Thursday jam that I’ve been going to regularly in the last couple of months.

This is significant, at least to me, because I haven’t been going to many jams or shows since summer 2014.

But the Thursday night jams have given me the opportunity to work on my craft (I try to incorporate a different song in my set every week), get out of the house (I work from home), and get to know some neat people.

I’ve been making it a point to bring my merch with me whenever I attend the jam, including my CDs and my book.

Last time I was there, there was not one, but two people that essentially said the same thing to me after looking at my book: “nobody’s making money in music.”

You Can’t Make Money in Music?

I can’t speak for you, but in my locality, it’s true, not a lot of musicians are making money by the truckloads or getting calls out of the blue to play killer shows.

There are some exceptions I’m aware of, and I know some of those artists personally, but most people aren’t succeeding at the level they would like to be.

Imogen Heap is an advocate for the blockchain. Perhaps unsurprisingly, she is one of the subjects discussed in Blockchain Revolution.

She keeps less than 20% of all revenue she generates from her music. Wow.

We often think big label artists are making the big bucks, but they don’t even get to keep over 80% of the money they work so hard for.

Now I know what you’re thinking. 20% of $1 million is $200,000. Not a horrible deal, right?

But imagine your band landed a record contract. Your album bombs, and your tour is humdrum. You still somehow manage to generate $50,000 in a year.

But you don’t have Imogen Heap’s contract, so you only make 10% of that – $5,000. Hardly enough for a band of any size to live on, especially over the course of 12 months.

And of course, the label lets you go because they don’t believe in your future potential – they want success now.

You’re Talking To The Wrong Person If You Think You Can’t Make Money In Music

I know I’m jumping around a bit, but let me handle the objection from earlier.

When people look at my book and say, “no one’s making money in music”, what they’re really saying is, “why should I give you my money when I can’t generate any money in my music career efforts?”

The truth is, nothing could be more ridiculous.

I’ve talked about 17 ways I’ve made money in the music industry right here on the blog. And that number is even higher now – I just haven’t had the chance to update the post in a while.

I’ve made thousands of dollars playing with a tribute band. If you don’t believe me, have a look at some of my income reports (I earned $559 just in live performance in February).

In my book, I even mention several artists that are creating a following and doing things on their own terms – Tiffany Alvord, Igor Presnyakov, Pomplamoose, OK Go, Amanda Palmer, Macklemore & Ryan Lewis, Lindsey Stirling. On the list goes.

Sure, some of these people might have more of a backing than they once did. The point is that they worked for what they have, and they’re doing alright.

Looking for newer examples? How about Stevie T?

Closing Thoughts

Here’s what I’m getting at. I don’t agree that it’s impossible to generate good income in music. But I do agree that the industry has got some problems.

And some of my colleagues believe nothing will change until we can eliminate Payola and the chokehold labels and tech companies have on music.

But they nevertheless believe that the blockchain could bring about meaningful change to the industry, that it would make music more profitable for artists at any level.

Interested in learning more?

Have a listen to my interview with George Howard on Music2020.

016 – 5 Things I Learned From Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World by Don & Alex Tapscott

There’s some talk in the industry about the blockchain and what it can do for the music industry. Have you ever wondered what all the fuss is about? Have you found it challenging to understand what’s actually being discussed? In this episode of The New Music Industry Podcast, I share with you what I learned from reading Don and Alex Tapscott’s Blockchain Revolution.

Podcast Highlights:

  • 00:13 – Terms used to describe the blockchain
  • 00:32 – The blockchain isn’t just for bitcoin
  • 01:07 – The parallel between pickups and the blockchain
  • 02:19 – Why I decided to buy Blockchain Revolution
  • 03:04 – How the blockchain applies to musicians and the music industry
  • 03:44 – What I learned from the book
  • 03:49 – Blockchain – a prosperity platform?
  • 04:35 – If the positive aspects of the blockchain are true…
  • 04:52 – Where the word “prosperity” is used, caution is necessary
  • 05:28 – Where monopolies fail
  • 06:01 – To not innovate could mean to stagnate
  • 06:12 – If we’re not growing, we’re shrinking
  • 06:29 – What the blockchain allows for in an organization
  • 08:02 – People create opportunity – not technology
  • 08:10 – A tool does not have the ability to make you a success
  • 09:28 – Focus is an art form
  • 09:52 – We all benefit when creative industries thrive
  • 10:15 – Imogen Heap and the blockchain
  • 10:35 – The state of the music industry
  • 11:21 – The implications for artists
  • 11:38 – What the blockchain means for the little guy
  • 12:46 – Concluding thoughts
  • 13:57 – Explore the book for yourself

Transcription:

Smart contracts. Decentralization. Disintermediation. Cryptocurrencies.

These are some of the terms being used in connection with the blockchain, a platform that enables transactions to take place in a secure, transparent, and efficient digital environment.

But it’s a bit confusing.

If you thought that the “blockchain” was merely a reference to the platform governing bitcoin and cryptocurrencies – which are considered a digital asset – then prepare to be surprised.

If we can overcome certain obstacles and reduce the challenges associated with widespread adoption, it’s entirely possible that all financial transactions – and possibly even other types of transactions – will all be done through the blockchain in the future. But that time isn’t now, and it may be several years, if not decades, until we see the “revolution” unfold in full.

All financial transactions may be done through the blockchain in the future. Share on X

When I think of the blockchain, I can’t help but be reminded of a discussion I once had with an experienced guitar tech who was also a friend of mine. He asked me, “Have you ever read about guitar pickups and had trouble understanding what was being described?”

I readily answered, “Yes, I have.”

He replied, “That’s because we don’t know 100% how the technology works yet.”

Blockchain Revolution bookIn the last few years, a lot of the mysteries surrounding guitar pickups have been revealed, which in theory should enable us to create even better guitar pickups in present day than we were able to in the past.

Pickups actually have a long history, and in the 1910s, telephone transmitters were adapted and placed inside violins and banjos to amplify their sound. It’s fair to say that the invention of the pickup was rooted in this early innovation.

To me, the blockchain right now is kind of like the guitar pickup when it was still shrouded in mystery. And the reason I say that is because we can’t really describe it without using many of the terms I started this conversation with – terms that aren’t necessarily in common usage, unless you belong to particular industries.

And that’s why I bought Blockchain Revolution – to better understand what this technology is, and how it will affect our future. And if you’re a businessperson or someone in the financial industry, I would suggest getting a head start on this now instead of putting it off.

Prior to buying this book, I watched multiple videos that described what the blockchain is or how it could benefit the music industry. Those didn’t give me a complete picture of what it is, and left me puzzled. And even after reading this 300-page tome, I still wouldn’t say I completely understand what it is or how it works. But I will say that there is huge potential, and like the guitar pickup, our understanding should grow with time and experience. And that will likely happen at a much faster rate than it did with pickups.

But I’m sure you have some doubt, and I’m sure you’re wondering how this applies to you, so let me quote a brief passage from the book. This should explain, at least in part, why the blockchain is relevant to musicians and the music industry at large:

The whole [Napster] incident turned a huge hot spotlight on the music industry, exposing its outdated marketing practices, gross distribution inefficiencies, and what some interpreted as antimusician policies.

The Tapscotts suggest that the blockchain could lead the way for positive change in the music industry. We’ll be taking a look at that in a little more detail later on.

For now, let’s get into what I learned from reading Blockchain Revolution.

1. The Blackchain Will Allow Us To Move From The Industrial Age Money Machine To A Prosperity Platform

If this is true, I’m excited for what’s ahead. Seth Godin constantly reminds us that the industrial age is coming to an end if not already over, and its tenets do more harm than good as we look to become more valuable, more capable people in the information age and beyond.

But if this statement evokes some cynicism and skepticism within you, you’re certainly not alone – I also thought the same thing. And to be fair, the Tapscotts did dedicate the entire third part of their book to describing the challenges that are facing the widespread implementation and adoption of blockchain technology.

But if we assume that all of the positive aspects of the blockchain are true, that it allows for more transparent, efficient, and secure transactions, then to conclude that it could encourage the distribution of wealth on a global scale is not too audacious an assumption.

But where the word “prosperity” is used, some caution is necessary. After all, how many of us have been promised prosperity by TV evangelists, preachers, pastors, internet marketers, network marketers, authors, and so on? If your mind never changes, does your circumstance ever truly change? The human condition is such that while we have no control over outcomes, we are more responsible for our personal outcomes than anyone else.

I will say this – that a “prosperity platform” does sound a lot more attractive than an “industrial age money machine.”

2. Monopolies Have Resources For Research & Development But Not The Culture Required For Innovation

Not all things I learn from a book are necessarily connected to the primary subject at hand.

I picked out this statement because it intrigued me. And it makes perfect sense, too. If you are a monopoly in your industry, you might have the resources necessary to put time into market research, and to develop products and services that meet your customer’s needs. But you don’t have the culture to innovate, and that leaves room for disruption to occur.

And in the world we’re now in, to not innovate could mean to stagnate. Technology is changing much too fast, and you could easily be blindsided by seismic shifts.

To not innovate could mean to stagnate. Share on X

Tony Robbins always likes to say that if we’re not growing in a particular area of life, we’re shrinking. In business and in music, we can’t afford not to grow, and when we dominate a market, we have to remember that we put ourselves at risk of being usurped by hungry, trailblazing competitors.

3. The Blockchain Allows People To Function With The Stability Of The Organization, But Without The Hierarchy

This is a wonderful insight into what the blockchain can do for business. Big businesses are often ruled by red tape. An adherence to the strictest of standards, rules, and formalities has the benefit of encouraging projects and tasks to be completed in a consistent, standardized, and regulated way, but also slows the way to fresh approaches and innovation.

This is partly why the blockchain has the potential to be a major disruptor in many industries, if it hasn’t been already. It’s a stable, secure, and transparent online ledger that can record transactions in seconds rather than days, because the transactions themselves don’t have to go through multiple intermediaries to be completed.

This would have considerable impact on the way things are done within an enterprise, particularly one that’s used to excessive bureaucratic force that can impede fast decision making. Going up the chain of command for a decision that should have been made months ago is an all-too-common reality in a public company. The lag between when a problem is identified to the time the issue is formally addressed by leadership is much too long.

I can’t imagine that there won’t be pushback in this area, if and when blockchain technology becomes in the norm in corporate environments – it’s virtually assured. But for those who see the disadvantages of red tape, and those who want to lead the way in new methodologies in business are going to be heartened by the opportunities the blockchain can afford them.

4. Technology Does Not Create Opportunity; People Do

I love this statement, and it’s very applicable as we consider this issue of the blockchain.

Looking back, I remember sharing about how a tool in and of itself does not have the ability to make you successful as a musician. I wrote about this when I was still contracting with TuneCity. This is why I do not encourage musicians to use every social media platform under the sun to market their music.

A tool does not have the ability to make you successful as a musician. Share on X

A tool can help you amplify your message, and a specific platform might prove to be the right fit for your particular situation. This doesn’t change the fact that Facebook and Twitter represent the vast majority of traffic and attention I’ve ever received from social media for my music or content, making up roughly 80% of my organic traffic on any given day. This has been true across all of the sites and businesses I’ve ever created.

I’ll never stop you from experimenting, as this is something I do myself. As I already shared, it’s important to push the boundaries and to innovate. Just color me skeptical when it comes to every new thing that comes along.

I recently heard Seth Godin ask, “what’s the smallest footprint you can get away with?”

There are many marketers and entrepreneurs urging you to hop on this site and jump on that app, but the reality is that some are lying to you, and others simply aren’t in touch with what’s best for your career and business moving forward. You’re the one leading the way, so you know what to do better than anyone else!

Focus is an art form – of that I have no doubt. I believe I have achieved more consistency in my life in the last couple of years than in years past, but I’m just as susceptible to the shiny object syndrome as anyone else.

But if you bear in mind that people are responsible for opportunities – and not technology – you’ll keep a level head in a time when everybody is running around like headless chickens.

5. We All Benefit When Creative Industries Thrive

In chapter nine of their book, which is titled “Freeing Culture on the Blockchain: Music to Our Ears”, the Tapscotts explore what blockchain technology could mean for artists and musicians moving forward. This is, undoubtedly, one of the most relevant sections in the book for you and for me, if a bit difficult to understand.

It’s more than likely you’ve heard of Imogen Heap, English composer and singer-songwriter. She has been leading the way in advocacy for the blockchain in the music industry, and has even teamed up with the likes of Pacifico and Vinay Gupta to develop a new ecosystem for an industry that’s very fragmented and subject to negativity and constant fluctuation.

As the Tapscotts explain, the industry has gone from thousands of labels to three majors – Sony, Universal, and Warner. They own 15% in Spotify, and if it goes public, the labels will stand to benefit in a major way. With 360-degree deals, artists are the last to be paid, and label take a substantial cut from – well – everything you make! Arguably, they even stick their fingers in where they don’t belong. And in the music industry, labels aren’t the only intermediaries – we also have tech companies like YouTube and Spotify jumping in and raising their hands.

Basically, the business is just too complex, and the cost of policing royalties has gone up, making it all the more difficult to tilt the scale in favor of the artist.

If you’ve picked up just the basics of what the blockchain is and how it works to this point, I think you’re starting to see why it has the potential to be a game-changer for the industry at large. And it’s not hard to see why it would make sense for signed artists to start pushing for it too.

But what about the little guy? Would this really make any difference for us – independent musicians, music business owners, trailblazers, music entrepreneurs? It’s all well and good to talk about big artists keeping a larger cut of what they make, and record labels playing a different role in the industry, but what exactly would the blockchain do for independents, whether this career path is a matter of necessity, or function?

If what the Tapscotts have documented in this book is any indication, then it’s safe to say that the blockchain is just as much for the small guy – if not more than – the big guy.

Here’s one example of the shift that we could expect to take place. Right now, as an artist, whenever you look at your digital sales and accounting reports, you’ll probably notice that they’re several months behind, especially with regards to plays on streaming sites.

But with the blockchain, these virtual transactions could be recorded more or less instantaneously. This would effectively mean that your statements would be up-to-date, and that you’d get paid faster too.

We’d all like to keep more of what we’re owed, and I think that’s the opportunity that the blockchain represents for the music business.

Final Thoughts

I’d like to close with some thoughts from the Tapscotts themselves, and I only think it’s fitting that we do. Here’s another quote from their expertly written book, concluding their chapter on freeing culture on the blockchain:

Through the lens of blockchain technologies, musicians, artists, journalists, and educators are seeing the contours of a world that protects, cherishes, and rewards their efforts fairly. All of us should care. We are a species that survives by its ideas, not by its instincts. We all benefit when creative industries thrive and when the creatives themselves can make a living. Moreover, these are the bellwethers of our economy – they reveal faster than nearly any other industry how both producers and consumers will adopt and then adapt a technology to their lives. Musicians have long been among the first to exploit innovations for the benefit of a great many others, too often at their own expense. These dedicated members of our society inspire us, and every business executive, government official, and other organizational leader has much to learn from them about the new era of the digital age.

As always, I’ve shared my thoughts on this book in my own words and from my personal perspective. The authors may or may not agree with what I’ve had to share with you, but hopefully I’ve done a good job of extracting ideas that you’ll find valuable.

There’s no way to unpack a 300-page document on the various facets of blockchain technology in such a limited amount of time. If I’ve piqued your curiosity, I would suggest that you pick up the book for yourself and have a read.

I hope you’ve enjoyed this book review, and I look forward to sharing more with you in the future.

Thanks for reading! If you feel inclined to check out Blockchain Revolution, you can go to Amazon, where you can learn more about the book, and see what others have had to say about it. Should you choose to buy the book through the provided link, I will earn a commission at no additional cost to you.

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