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Sigh. Crypto"currencies" are a scam. Earlier: https://news.ycombinator.com/item?id=21145147 https://news.ycombinator.com/item?id=21145147 https://news.ycombinat

• sterlind 7y ago
  I downvoted you because neither of your links clarified why cryptocurrencies wouldn't satisfy a micropayment niche for 402 negotiation, other than "they're a Ponzi scheme." If you'd discussed Brave BAT, or the latency issues involved with posting a transaction or the dust issues with small payments, it would have been on-topic.
  • chx 7y ago
    They are specifically NOT a Ponzi scheme, they are a new kind of scam. And isn't it obvious it can't satisfy a micropayment niche because ... it's a scam? Any moment the value of it can drop to zero, someone might walk away with the contents of your wallet -- and that someone might be your exchange. All of these had examples.
    • ric2b 7y ago
      > Any moment the value of it can drop to zero As opposed to... what? > someone might walk away with the contents of your wallet Completely depends on how much you care about securing your wallet. I wouldn't say this is a common occurrence at all. > and that someone might be your exchange. An exchange is where you go to trade currencies, why are you keeping your money there? And how is that a problem of the currency?