So today I thought about all the people who have been scammed.
I thought about the idea of insurance so if YOU were scammed you would get your money back!

Ya there is things like that already but this is a little different.
Like everyday insurance you get coverage over damages right?
Well since we are talking about bitcoin I decided to change that a little so you get your bitcoin back!
Here is an example:

I went to a site and it turned out to be a Ponzi scam so I just lost all of my money.
Well thanks to the bitcoin Insurance I bought I Get my money back!

So please tell me what you think!
There would be a lot of funding needed but there will be fees as well.

You can get half your money back for $10 a month or all of it for $40 a month
Yearly and so ons will be available too!
Please write what you think and any suggestions!

EDIT: Eveyone calm down! You are overlooking the idea here.

1. ITS A FREAKING IDEA

2. If someone created this legitly (like me) it wouldn't have to be a ponzi like seriously here people if someone has thousands of dollars in bitcoin or more and they charged $20 a month or whatever that's around 50,000 bits. That would be a great profit!

3. Proofs of no payment like: Screenshots, emails with proof of purchase and ETC.

4. This IDEA could have its very own wallet so if you want to be getting your money back you must use This wallet, then we know if you spent or didn't spend or received or didn't receive money! The wallets could have use and existing wallet as well. Used a different wallet and got scammed? well to bad you didn't save your passphrase. And use it on here.

Please DO NOT take This out of hand! It's an idea and it isn't real yet! (Maybe it is, idk) So just think of it as an imagination.

EDIT 2: I'd also like to ad that there can be a personalized web search so that no ponzu scam sites aprear. (I or the company will only post the good sites. And sites can be requested and reviewed)


I want to state that this is an IDEA, and that it is possible.