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This is why insurance exists. I wonder if there are any insurance providers who'd be willing to provider coverage for this sort of event.
by polemic 15y ago
This is why insurance exists.
I wonder if there are any insurance providers who'd be willing to provider coverage for this sort of event.
- javascriptlol 15y agoExactly. The attitude of pushing more and more trust onto the provider is just going to cause bigger blowups when something inevitably goes wrong.
- larrys 15y agoInsurance won't insure for what they don't understand and build a risk model for. I can assure they won't understand something like this for a very long time.
- rsynnott 15y agoThere are a couple of insurance companies who will give you a quote on literally anything. You may not like their quote, but they'll give you one.
- SkyMarshal 15y agoI'm not sure they need to understand bitcoin specifically to build a risk model, wouldn't they just need general data on losses suffered by various internet hosts due to hacking attacks? Doesn't really matter exactly what is stolen as long as they have a corpus of data on the value of everything that is stolen in this manner. Bitcoin wallets probably fit somewhere in the payoff curve for that.
- noarchy 15y agoI've never heard of one, but there may very well be a market for that sort of thing. The problem with Bitcoins will be the legal jurisdictions involved, since these services are regulated nearly everywhere, right?
- epochwolf 15y agoI write software for use by high risk insurance carrier. There is coverage for just about anything. One of the inland marine insurance types might cover this. (possibly Electronic Data Protection or Valuable Papers)