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RE: The Cashout

in #steemit7 years ago

I need to save this. This is the first one I have seen to show how to do the transactions. I have been wondering about it, but since my account isnt making much yet I never asked how. I am still at the point where I still need to power up (I think lol). Thank you for this. It will be very useful to me.

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This has hints on how you would go from Fiat to steem also, if you decide to go that way :)

I have to look into what Fiat is. Until now I thought it was only a vehicle lmao.

Fiat is Latin for "let it be done" But it means anything given value "by decree of a recognized "authority" It refers to the "money" issued by the reserve banks which has no intrinsic value but is valued for no other reason than... the "government" says it has value.

Make sense now. Thank you ^_^

You're welcome... Many hear that word and think of the car... so... you're not alone there.