Wednesday, September 3, 2008

Markets in Everything: Hipster Edition

Yes, sue me for ripping off MR.

A nascent website promises to give users site credit (in the future, cash) when others purchase the same songs they've already bought.

What's particularly interesting is that the artists decide how much of the cost of the song is channeled back to the users. No idea on how that willl play out. Unfortunately, hard details on the exact structure are uncertain - and yes, it does ring of a pyramid scheme.

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