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Banks have insurances too,something all these exchanges dont have.No insurer would ever back up a bc exchange.
by camus2 13y ago
Banks have insurances too,something all these exchanges dont have.No insurer would ever back up a bc exchange.
- rahimnathwani 13y agoInsurance just smooths out risks over time and among different parties. It doesn't reduce the (expected) total losses from events, across the entire industry. Banks have insurance for some risks, yes. They are able to buy insurance for a reasonable price precisely because the insurer perceives that the risks are low and well understood.