I bought an obscure cryptocurrency yesterday.
It was obscure enough that I couldn’t buy it in my Coinbase account… or on any mainstream crypto exchange, for that matter. I had to create a local wallet on my phone, move some ethereum out of my Coinbase account and into the local wallet, and then swap it out for the new coin. The last step was to create a backup in the cloud lest I break the phone with the wallet on it.
I won’t tell you the name of the crypto. It’s far too speculative for me to recommend in any official capacity, and I don’t want you to get burned. The whole process felt so dodgy, it wouldn’t come as much of a surprise if the “coin” I bought is worthless. Some hacker in a Siberian bunker is probably laughing hysterically at the American idiot he just bamboozled.
You’re probably wondering why I spent perfectly good money on something of such questionable legitimacy. (Or, why I spent good dollars on ethereum and then exchanged that well-established crypto for the dodgy coin in question.)
I tell you this story to make a point about “play money”.
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