I found out about cd burning right when the 4X drives just came out at the end of 1998. Everyone I told about it couldn't believe it, some literally did not believe it, that such a thing existed, and thought I was confusing facts. I had to give discs to one of my friends to get him to believe it, he said there was no way the burned discs would work in regular cd players. It was pretty insane back then to make an exact copy in your home in 15 minutes. I think at the time the burner was..maybe $200 and cd-r's were around 85 cents in bulk. They discs haven't gotten much cheaper. I never knew about them at the price you mentioned. Definitely wouldn't have been worth it for anyone other than for big companies.
I used to have some drive that used a technology like lightscribe except it could do colors. My latest one is lightscribe. Don't know what happened to that other technology, maybe it died like HDDVD, but the discs looked better than ls grey scale.
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