[jaredtn]

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

[throwaway3699]

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_]

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-pe...

[betterunix2]

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]

Today, with our archaic system. That's why we need digital currencies.