New Horizons for Media and Entertainment on Blockchain

  • How the BUCKY house Decentralized Content Sharing Distribution Network gives creators and viewers greater freedoms

The possibilities for blockchain adoption are quickly being realized across numerous industries worldwide, and the entertainment and media industry is quickly catching up. Decentralized content, democratized access, smart contract agreements and distributed revenue sharing are all key blockchain features (not forgetting trust and transparency).

But how exactly can these aspects of blockchain technology come to the aid of film, TV, music and other creative and production folk? Read on and get inspired.

The Blockchain Potential for the Media & Entertainment Industries

Consider how the media and entertainment industries currently work. Take any popular platform: YouTube, NetFlix, NBC, Amazon Music to name but a few. The nature of centralized content is that creators and producers share their content via the platform hub.

The nature of the blockchain technology is that it is decentralized, meaning that every user, whether creator, viewer or other has equal access. Without the need for a central distribution network, developers, say for example a TV show production house, link directly with their viewers without the need for a third party intermediary. Migrating to a platform of this nature has numerous benefits, which many people are already realizing. The most significant of these is being that users pay and contribute less for the exact content they want, while the content creators receive a substantially higher proportion of the fees for their work.

The BUCKY House (BUCKY) Platform Adds Value & Equality to All Users

This is where the BUCKY house platform comes in. By employing the core principles of the blockchain technology (transparency, equality through participation, decentralized distribution, trust), the BUCKY house platform provides users, both viewers and creators alike, with the freedom to distribute their content directly to their users, and manage their own accounting and business workings in the process.

The BUCKY house platform provides countless avenues for distribution to small, mid-sized and indie content developers. Through using their open-source Blockchain content distribution and monetization platform, creative individual and groups are given complete freedom to govern their work and receive revenue directly from their users and viewers.

Currently, the BUCKY house platform is structured to best support passionate independent developers and small to medium-size production houses seeking funding avenues with enhanced flexibility for structuring and complete control.

 

Everyone is welcome to participate in the BUCKY Coin (BUCKY) token sale and contribute to the development of the platform. And when we say everyone, we really do mean everyone. If you are interested in creating and promoting your great content, then visit us today to learn more about our platform.

Likewise, if you love viewing great content and love paying less to access it even more, then visit us today to see how BUCKY house works for you.

“Skip Ad in 5, 4, 3, 2, 1 seconds” doesn’t exist here.

www.buckycoin.io

 

 

 

 

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This is a guest post/opinion piece and should not be construed as financial advice. 

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What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?