I do appreciate the promotion you make for Steem and I suppose also for other crypto currency based music platforms, however, some of your statement are simply not correct.

80% of the revenue of songs/tracks does NOT go to the bonus of the CEO of a label/publishing company. That is a plain wrong statement! Selling you music on iTunes, Apple takes (when I last checked some years ago) around 30%. Selling electronic music on eg Beatport, Beatport takes less than 25% as far as I know, leaving 75%+ to the label/artists.

Trying to sell your music to the mass market, is more than just creating the music itself. It requires a network with the magazines, ezines, radio station, tv stations to reach the mass market; and it requires all the time and money involved to get that side of selling music done! Even when you would argue that the mass market will eventually come to Steemit, you will have to do extra things to be discovered by the mass market. Today, there is still a very very few music posts on Steemit compared to all the music released in the whole wide world. Imagine that all music produced in the world would by published at Steemit. You will have to do a WHOLE LOT of effort to get your music noticed by the community, hence get votes and all.

Most artists are not business people, so they (have to) hire people to get gigs (bookers), to get advise on how to steer their career (managers), they sign with labels to get their work spread on the right media and through the right channels where consumers will actually discover/listen and buy your work and maybe get Vinyl/CDs created (labels), they hire publishing people/companies too get you interviews and promoted to all those channels consumers consume music. And whether you like it or not, a consumer will never ever go to 1000s of different sources for their music, they go to 1, 2 maybe 3 sources and these are in electronic music very simple: Spotify, Beatport and to a lesser degree iTunes.

Also, crypto based economies seem to work still, ie cryptos gaining value over time (all due to speculation). However, at some point in time, when cryptos are large enough to be comparable in market cap with eg US Doller or Euro, the value of the cryptos itself will not increase anymore, it will actually decrease over time due to inflation...Inflation is caused by the fact every single day new units are created for distribution, and that decreases the value of each unit in the market.

I'm afraid, no matter how you want to look at things, the real world is different to what most people try to push as the holly grail wrt artists and blockchains. The fiat world already have places to go to where you don't need big companies. In fact, in the music world you have 100.000s small labels, already 20/30 years ago before we even had the internet. When you want to end up in the top 40 every single week, then you may need one of the dominant players in the world, BUT that will also give you the associated return in money since the mass will buy your work much much much more, then if you would not end up in the top 40. And without the BIG networks, you will NOT end up in the top 40, it is as simple as that. Look at how difficult it is to get noticed when using YouTube as the channel? Maybe years of experience we already have with that channel, and it is a perfect channel to promote your music (although not monetised, but from a social point of view, a perfect channel to see if your music is getting somewhere).

And then this, on Steem. I'm not sure how much Steem is created evey day, but lets assum this is 40.000 Steem every day. And lets assume Steem maximum value is 10.000$, ie at some point in time Steem is valued 10.000$ and stays stable at that level, like the US Dollar is kinda stable and the Euro is kinda stable. Then each day 10.000$ * 40.000 = 400.000.000 Million $ worth of Steem is distributed every single day. Now also assume all the music in the world is published to the Steem blockchain and lets assume this is 1.000.000 tracks each day. Further assume of all Steem distributed every single day 10% goes to music. We then end up with: 40M$ for all music, and 4$ in average for each new track. We all know that at least 80% of the revenues will go to the top 20% tracks, so the long tail will get much much less than 4$ for their tracks. TO become part of the top 20% of earners, you have to do a LOT more than just posting your tracks at Steemit and we are back to all the things done in todays music industry.