1. The insurance policy had NO benefit to BMF (paying over 500 ppremiums for 500 cover that would never be claimed) OR
2. It had benefit - which usagi then failed to claim on BMF's benefit.
This is why no one should listen to you. 500 coins were not paid. For the billionth time, check the address on the contract before you make an ass of yourself again... please.
I didn't (and never have) claimed BMF actually paid 500 coins. BMF agreed a contract committing them to paying over 500 coins in return for 500 BTC of insurance cover.
In fact BMF only paid (from memory) 20-30 BTC in premiums.
WHo did you scam? BMF!
You've never explained why, if (as you now claim) the contract was just a "test" you:
A) Actually charged BMF some premiums (which were NOT returned on the designated address),
B) Announced to BMF shareholders that they were insured.
Testing what precisely? How to default on contracts?
You cheated BMF investors - pure and simple. If it was just a test (of what - what purpose did announcing insurance cover actually serve in terms of "testing" anything?) then BMF shareholders should have been told it wasn't real - and not charged ANY premiums.
Your explanation is total crap - if anyone is unclear why, just look back at my earlier posts where I quoted all relevant information. The "it's only a pretend contract" bullshit only emerged months after the event when you no longer get away with just totally ignoring all questions about it.