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The pricing section seems incredibly naive. Why should streams be valued at a penny? Why not a tenth of a penny? I don't care how many streams it takes to bu
by cwkoss 6y ago
The pricing section seems incredibly naive. Why should streams be valued at a penny? Why not a tenth of a penny? I don't care how many streams it takes to buy a cup of coffee. What is the argument that 786 streams per cup of coffee is unfair? (I don't think it is)
Being a full time professional musician has only been a means to wealth for a handful of people through history. Most professional musicians, even successful ones, are unable to earn their lifetime expenses from their profession: they make some good money if they have a hit and then fade away and have to get another job. Or they have capitalize on their brand externally to the music market. Has there been any time period in the past several centuries when the average musician earned a living wage?
The goal of a million full-time professional musicians seems arbitrary and I'm not sure why it is necessarily desirable.
Music is a passion, so people are willing to spend time making music below market labor rates. With modern digital reproduction and ease of recording, demand will never exceed supply. I believe the cost of music can and should asymptotically approach zero over time as an ever-growing public domain becomes good enough for most uses.