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a) MP3 is a file format only. MD's is an integrated compression/media technology
b) MD's can be used in many different piece of audio hardware, including pitch-controlled DJ-style decks (see the denon M2000R and M2300R)
c) MD's dont require a stinkin computer!!! <~ main reason
d) MP3's are lower quality than MiniDisc, unless sampled at a very high bitrate.
e) MD Media is less prone to damage than CD media
The investment to add Minidisc recording to a DJ booth is minimal. MP3 technology requires: A computer and assocated junk (keyboard/mouse/monitor), recording software, and a quality soundcard if you want good recording quality. And after all that investment, you still have a clunky computer to deal with. Plus, a mindisc deck fits much nicer in a ATA case and requires less setup time at a show 
One thing I really like about my MD deck, is as I record a set, I can touch one button on the deck as i bring in the next track and set the track markers as I go.
MP3's are not ruled out - but I consider MP3 to be a distribution format, and nothing more.
MP3s are great in some environments - but not pro audio.
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