4 ms·

The parent comment was about enabling micropayments, not the proper price for a song. Forest for the trees...

• throwaway3699 5y ago
  I guess I'm more wondering what possible value such a tiny micropayment could be. There's no conceivable business that would charge in such small increments. Even an average ad impression is more than a penny. In fact, things are heading the other way, with "micro"-transactions in mainstream games sometimes exceeding the price of the game itself.
  • max_ 5y ago
    Spotify for example pays between $0.003 and $0.005 per stream [0] In the music business u don't make money on each song, you only make oney from hit songs. That song streamed 10 million times can earn you $50k. And it could be more if spotify wasn't taking a bite out of it. [0]: https://www.businessinsider.com/how-much-does-spotify-pay-per-stream%3famp https://www.businessinsider.com/how-much-does-spotify-pay-pe...
  • betterunix2 5y ago
    Actually, the value of such a tiny micropayment is negative -- it would cost more just to process such a small payment than the amount being paid.
    • jaredtn 5y ago
      Today, with our archaic system. That's why we need digital currencies.
      • throwaway3699 5y ago
        It costs multiple dollars to make a BTC transaction... Even in a perfect world we are not going to be able to make it free if we still expect the infrastructure to be independently run.