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Alternate title: '''How to create a rainy day fund for your artist.'''
During the Covid-19 lockdown, our artists have now lost a year's worth of income that would have come from public performances. Please support your artist by buying their music, joining their Patreon and tipping on their vlog live-casts. What the pandemic has exposed is that most successful indie artists have a core following of a couple of hundred engaged fans, the other 150,000 fans are apathetic and uninvolved. To make matters worse, music streaming has killed CD sales and music downloads -- most indies just don't have the volume to make it on hundredths of a cent per stream. [https://www.riaa.com/u-s-sales-database/ RIAA Data]
The following is for those super-fans who want to do a little more for their artist in the form of a rainy day account giving. (We are complicit in our artist's risky career choice, because we encourage them to give us more music.)
== Concept -- personal experience ==
Before we go any further, <u>this concept involves Bitcoin (BTC) and putting some portion of one-hundred dollars of your money at risk</u>, most of us keep more than that in a bank account that gains zero interest. If you can't afford to lose some or all of your seed money -- do not participate.
::'''Step 1.''' Have your artist create an account at coinbase.com to receive BitCoin. In the left menu, the artist selects "Earn rewards" > "Invite friends" > "Copy link". This is an affiliate link(www.coinbase.com/join/YOUR_REFERRAL_ID), where the artist (and you) will receive $10.00 (in Bitcoin) if you join Coinbase and purchase $100.00 worth of Bitcoin, the current processing fee you pay should be $2.99.
::'''Step 2.''' This is a rainy day fund, don't be in a hurry to purchase your BTC, you have [https://help.coinbase.com/en/coinbase/other-topics/other/the-coinbase-referral-program 180 days] to purchase at this address {{highlight|https://www.coinbase.com/trade}}. Bitcoin prices can fluctuate several thousand dollars over the course of a week, buy low -- sell high.
::'''Step 3.''' Once you have purchased your BTC, your artist will receive her referral commission and your on-going support can start. You should now have $97.01 worth of BTC and if you followed step 2, your holdings should increase to beyond $100.00 on the next upswing. When you notice that your balance has increased beyond $100.00, let's say, $112.00, send $12.00 worth of BTC to your artist's BitCoin address (a long cryptic number/characters (s)he will publish on her website or social media page -- this one is mine 3HUH6cqaddCvMs6uHZ6kkY8QtC1MvnF8gt).