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Another downside is that your money is tied up in a company that could fail. In the event that Swapidy goes under, there's no guarantee that you could get all
by RaphiePS 14y ago
Another downside is that your money is tied up in a company that could fail.
In the event that Swapidy goes under, there's no guarantee that you could get all your money out safely.
I think Swapidy is a great idea -- a dynamically-priced, peer-driven marketplace sounds awesome. But the currency lock-in seems very sketchy.
- theswapdaddy 14y agoTotally understandable. However, that scenario is highly unlikely. Your currency is always worth that amount and will never change in value.
- ktsmith 14y agoUnless like the parent said, you go out of business. In that case the honey is worth $0 because it's virtual currency. It's also not highly unlikely as most new businesses fail.