Comment · Fri, April 2, 2021 · ND Owner
Paying by crypto
Original post in this thread
a1b3c5d7 · 5 points
What crypto is supported? Can i pay Cardano Ada?
What they were answering
solothesensei · 2 points
Thanks for sharing! The scariest thing about crypto is not the price fluctuations but the hacks/scams. My case officer says nothing that can be done unless the hackers stupidly transfer the stolen funds into an exchange like Binance. I suppose there is some value in centralization in this case. Maybe one day there will be insurance for crypto theft. LOL
u/MisterYouAreSoDumb · ND Owner
Crypto is still the wild west. It's a free for all where you have to look out for yourself, because nobody else is.
Crypto theft insurance is something I have thought about. However, pricing out the risk will be VERY difficult. Preventing fraud in claims will also be difficult. Hell, you could take any crypto, transfer it through some tumble wallets, convert it to Monero, then it is gone forever. How can an insurance company price that risk out into a workable model? It's going to be a tough thing to solve. Crypto will keep growing and maturing, though. These problems will be solved in time.