Can someone give me a breakdown of where my 2c goes when I …

Twetch ·

Can someone give me a breakdown of where my 2c goes when I Twetch? Asking on Twetch for the big daddy beak @crypto_beak

Replies

Twetch ·

Posting to the blockchain costs a miner fee

Twetch ·

Just take a look at your own twetch to find out: https://whatsonchain.com/tx/a20e3dd639994baed01affc34f6ef9842aeba92dfcc9d75fa2cac1e20eea23e1

Twetch ·

Twetch

Twetch ·

Just take a look at your own twetch to find out: https://whatsonchain.com/tx/a20e3dd639994baed01affc34f6ef9842aeba92dfcc9d75fa2cac1e20eea23e1

Twetch ·

So the fee was 688 sats, I reckon this is approximately 1.17c. To whom did the remainder go?

Twetch ·

(The guys who put the hours in necessary to take the concept, build a marketing campaign and a platform and execute it before anyone else)

#Legends

Twetch ·

Its pretty interesting... I suspect those prices will drop as more competition comes into this field.

Twetch ·

@brace01 how do you see the market developing?

Twetch ·

The fee is 2c, right?

Twetch ·

Not likely, if you want to post to Bitcoin you have to pay the fee

Twetch ·

So presumably the fee to broadcast the Twetch to the network is variable? It could conceivably go above 2c? Would Twetch cover the difference?