Spy der Mann's Journal: Direct Note Access + Compression = Super compression!

I just read this digg article ((original source) and I realized how easy it would be to compress music digitally with this baby.

You only need to find similar samples and sort out the differences with the originals. Then the whole melody is translated to a MIDI score, and maybe even use transformations for individual note compression (i.e. this note sounds like this one but amplified twice).

I'm sure that if this system was implemented, we could achieve a compression ratio 10 times better than MP3.