Music and Bitcoin
FUSE TV - Music and Bitcoin
As one of the largest Bitcoin exchanges has filed for bankruptcy, the future of the digital currency is now in doubt. But that doesn't change the fact that Lily Allen once called herself an "idiot" for turning down a gig where she was to be paid in Bitcoins. Or that Snoop Dogg and Childish Gambino have publicly declared their interest in them. Or that a knock-off bothered Kanye West enough to sue.
Mel B is the first major artist to sell a single with Bitcoin, partnering with cloudhashing.com to accept payment for her latest, "For Once in My Life.” “I can have my own Bitcoin wallet so if I owe you money, I can pay you just by going online, no matter where you are in the world,” Mel explains. “I can also buy music or whatever it is as long as that thing has its own Bitcoin server too. So I put it on my website.”
But just because Mel B is sold on the concept doesn’t mean that everything is peachy in Bitcoin land. “Mel B is being sponsored by a Bitcoin mining website. Of course she's going to say this is the way we want to accept Bitcoin,” says personal finance expert Carmen Wong Ulrich. “You want to be careful about a system because Bitcoin could be worth nothing tomorrow.”
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