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Your analogy with the car don’t make sense to me because it doesn’t seem like an apt comparison. I could ask you what you’d do if your car were obliterated by a
by AnonHP 4y ago
Your analogy with the car don’t make sense to me because it doesn’t seem like an apt comparison. I could ask you what you’d do if your car were obliterated by a tsunami or an explosive. There would be no intrinsic value to redeem in that case. Same if the bitcoin network goes down or is compromised.
- grapeskin 4y agoNothing has any value if it’s completely destroyed and whisked away 3000 miles and to the bottom of the ocean. But you can insure a car and get paid in dollars and provided with a rental car until you purchase a new car if such a disaster does happen. Nobody is paying out insurance claims in bitcoins or for bitcoins—why that is is a total mystery. Truly bizarre that insurance companies steer so far away from crypto.