I think steemit is a great opportunity for musicians who can make a living out of making music, because they are not part of the big industry. On the other side there are also a lot of hobbyist musicians who think they are good enough to earn money with it, but eventually have to search for anothe source of income and keep it a hobby. That is what makes Steemit great; the audience decides what they like and is good enough from all the available music and not the industry and record shops
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Seems to be a fairly level playing field