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RE: Discussion Time - If it is We Who Give Value to Money - What of Crypto?

in #cryptocurrency7 years ago

Hey there @Purpleprose. Thank you both for your up-vote as well as the excellent comment.

Those are very good points. :c)

Not being able to be counterfeited is a big plus.

I am not so sure about scarcity - though I understand that demand versus supply is a thing.

If I am not mistaken Bitcoin exchanges involve a fee. Where does that fee go?

I'm not knocking Bitcoin but I do find my lack of understanding of Bitcoin to be disturbing.

Oh yes. Steemit is hardly a get rich quick scheme. At least not for us regular folks. And to a point that isn't bad. That being said, the disparity is real.

And that being said, every little bit helps.

I do hope that you'll make it for your preamps and mics.

Perhaps you could make an appeal to fellow artists on Steemit? Perhaps get into a collaboration that will get you access to that equipment sooner - in exchange for your assistance with something else?

There is more than one path to one's destination. :c)

Thank you again for your thoughtful comment and everything else!

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Some of the fee goes to miners who confirm the transaction ( TX fee when you withdraw) but the currency exchange fee goes to the exchange itself.

Thank you for clarifying @purpleprose. :c)