Grooveshark is a radical new service that attempts to fuse community services and P2P music file sharing with a product that will motivate users to share music files and simultaneously accrue credits towards music purchases from the process. Subscribing to Grooveshark turns your own personal library of music into a music store available to family, friends and any other passing consumers that you can draw in. The service is an ambitious attempt to commercialize a P2P distribution distribution with social networking model of distribution.
Grooveshark requires the user to download a Java app that interfaces between the Web service and your library of tunes. The site operates like a music laundering service, no questions are asked as to where the tracks came from, but when one of your contacts chooses to download the track from your computer, Grooveshark will bill your contact for the full cost of the track and then pay a share of the money to the label and credit a portion to your account against future purchases.
