Hacker News new | ask | show | jobs
by wmf 1602 days ago
You can do it but it's not a good idea. Transactions are slow, they're public on the blockchain forever, fees are variable, there's no way to correct erroneous transactions or dispute fraud, and of course you're missing out on future appreciation.

It's worth going through eary adopter hassles if the eventual result is better, but crypto won't ever be better.

1 comments

I generally only use private cryptocurrencies with low fees and fast transaction times, like Monero and PirateChain. If I have to use Bitcoin or any other surveillance coin, I am well-versed in "cleaning" my coins, but that's not desirable for a number of reasons. Perhaps you're focusing on co-opted surveillance coins, but privacy coins are amazing.