Discover and read the best of Twitter Threads about #disruption
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Let's start our #GlobalEChats on #music!
Among our #discussion topics: 1. #Stakeholders in music and what happens to them? 2. #Production of music 3. #Consumption of music 4. New #technology out there!
Among our #discussion topics: 1. #Stakeholders in music and what happens to them? 2. #Production of music 3. #Consumption of music 4. New #technology out there!
Firstly, let's talk about how scary #technology and #advancement can be to #music.
Some stats:
The US lost $12.5 billion a year in total sales due to pirated music.
71k jobs were lost; $2.7bn in annual earnings; $1.1bn of that would have been earned by the industry.
Some stats:
The US lost $12.5 billion a year in total sales due to pirated music.
71k jobs were lost; $2.7bn in annual earnings; $1.1bn of that would have been earned by the industry.
Source:
sheffieldav.com/education/how-…
But as with any #tech #disruption, there are always negative externalities.
In the #music industry, most of the bad press came from #piracy. Sites like Napster and P2P torrenting were rampant back in the day.
sheffieldav.com/education/how-…
But as with any #tech #disruption, there are always negative externalities.
In the #music industry, most of the bad press came from #piracy. Sites like Napster and P2P torrenting were rampant back in the day.
If the Bitcoin price rises to over $1M, that would give ~100k bitcoiners "Ultra High Net Worth Individual" status (+$50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world's financial elites. #Disruption 
Sources. blocklink.info/distributions.… , and Credit Suisse's 2017 Wealth Outlook: publications.credit-suisse.com/tasks/render/f…
Using the same data and assumptions ($1M BTC), the number of Bitcoin billionaires could grow to over 1,000. For reference, Forbes currently counts 1,500 billionaires in the world. businessinsider.com/how-many-billi…
Recommended #weekendread: #AI and #National #Security #NatSec US Congressional Research Service via @saftergood
fas.org/sgp/crs/natsec…
cc @Dr_JMRickli @Ce_Moll @WachterBDI @RikeFranke @MoehringJohanna @M__Verbruggen
fas.org/sgp/crs/natsec…
cc @Dr_JMRickli @Ce_Moll @WachterBDI @RikeFranke @MoehringJohanna @M__Verbruggen
