Board Thread:Theories and Speculation/@comment-26636534-20150921160743/@comment-26537507-20150921172251

No, since Izanagi is a sharingan technique, it costs a sharingan to use it, nothing else will do. You can regain sight by evolving the eye into the rinnegan though.

No because the paradoxical nature of that situation would cause a feedback loop of chakra within the eye causing it to explode.