Metal Music Coin a bitcoin for metal scene

December 4, 2014 by  
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Metal Music Coin was recently created, with its launch date being October 4th, 2014. It is a bitcoin for the underground metal scene. The creator of the Metal Music Coin,  says his reasons for creating the Crypto Currency is to “support underground metal scene by helping bands promote their album releases and other bands merchandise and this coin will be use as an alternative payment method for it or as a crypto currency only for metal.

So essentially the Metal Music Coin was designed to save and bring support to the Metal Music genre by supporting its underground metal bands and underground metal music scene.

Now you may ask, what exactly is crypto currency? What are its advantages? Where can I get the Metal Music Coin for myself?

Well the Music Metal Coin along with other various Crypto and Virtual Currencies are, wait for it……….FREE!!! That’s right you read that correctly, or heard if you’re using Samsung’s Voice reading app (highly recommended by the way). The currency has to be mined (which is simply the processing of transactions in the digital currency system), but as long as you have a computer’s video card among other mining hardware, the astronomical abundance of underground metal will all be yours for free!

The goal of the Metal Music Coin is not profit, but the promotion of underground metal music and its artists. This desire and passion to spread the music is one that I can rally around and will fervently support and keep track of. The product was only just created within the past month; with the successes its already having you can only predict what heights the Metal Music Coin will rise to and what new, exciting updates and additions this will have for supporting metal music with crypto currency.

Interview in DeathMetal.org

December 4, 2014 by  
Filed under Articles and Interviews

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Metal Music Coin launches first heavy metal virtual currency

 

Starting with BitCoin, virtual currencies or crypto-currencies have changed the face of economics as well as the purchasing ability of the ordinary citizen. Unlike normal currency, which is backed by perceived value of assets, crypto-currencies make themselves rare by requiring cryptographic computation to generate the currency.

Much as gold or a national economy is a limited amount held under control of a responsible party, virtual currencies constrain themselves by the difficulty in generating cryptographic keys, or “bit mining” the coins. This guarantees their value will not be obliterated by the equivalent of reckless printing of money, which spams the market and reduces their value. However, their value fluctuates with what people are willing to exchange for them.

Crypto-currencies have one sizable disadvantage: unlike conventional currencies which are backed by governments and (in theory) overseen through transparency and financial markets enforcing their value, virtual currencies are held in the hands of their creators and have no guarantee. If the source goes down or is confiscated, they can lose all value; further, as Bitcoin fans found out when the Mt. Gox exchange was compromised, there are no guarantees. Virtual currencies are entirely determined by demand for them in the market at the moment. However, this anonymity is also what makes them appealing; using darknet exchanges like Silk Road, patrons can use crypto-currencies to anonymously purchase objects and information that would otherwise be illegal with impunity.

Last year a shadowy figure known as Core Adrian launched a new virtual currency for heavy metal fans to use and possibly, to form the basis for a new metal market in anonymous trading that would rival what currently eBay, Amazon and Google control. He took the time to give us a few words on Metal Music Coin and its future.

Read more at Deathmetal.org