What if someone started a real underground music label on the dark web. Bitcoin only, no banks, no streaming and no middlemen. Artists could drop music, earn for say 5 or 10 years, then the rights go to the public domain. No corporate ownership, no lifetime contracts.
Could a label like that actually work?
How would it do anything but the opposite of all that? For the majority of artists, they don’t break even on a release. Even most of those who do only do so long after 5 years have elapsed. If they’re really lucky, someone might come across a track a decade later and licence it for a TV show.
So you’re advocating less money for artists, and the loss of their rights (and potential income) after 5 years. And you think that would encourage or foster new art?