SmileyTinkerton
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This pricing would make sense if one account was enough for life. But every security-minded individual needs multiple accounts. That's different from multiple e-mail addresses. The point is that multiple identities cannot share the same payment. So the cost of using ProtonMail securely is actually MULTIPLE of 4 euro PM.
To make matters worse, ProtonMail doesn't allow multiple free accounts as far as I can remember. Even though free accounts are unusable for intense use (anything other than throwaway applications) due to restrictive maximum number of labels (and lack of possibility to download whole mail for archiving). Without adequate number of folders or labels, inbox and archive quickly become reduced to a mess. (One workaround is to use <user+sender@protonmail.com> address formula instead of <user@protonmail.com>.)
I’ll just repeat what I wrote ten months ago*: 4€/month would be reasonable if that was the whole cost. But the actual cost is a multiple of that... Why? Because a security minded person needs multiple accounts (not just e-mail aliases). Free accounts don’t rectify this obstacle because TOS prohibit multiple free accounts. (Please, correct me if I am wrong.)
*) My comment from November 7, 2016 9:04 PM. (Displayed in user history as “Nov 8, 2016” for some reason.)