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Thank you for very good questions. And allow me to answer tomorrow because my eyes wanna sleep so much)
Sure, no rush.
I have 1 extra question:
7 How will you prevent potential abuse of exchange itself buying insurance after the hack but before official announcement?
A few of those have been answered before so I know the answer to those.
2) BTC and ETH only at first. Others may be added later.
4) As long as you pay your premium it makes no difference to Inchain whether or not you have the BTC in the exchange.
5) At the moment 12 exchanges/webservices are being considered according to the survey. It has also been implied that the premium will depend on the exchange you are using.
Thanks for that. But:
2 - if significant value of other alts are stolen, that would affect all holders. Unless exchange can cover losses themselves, they'd have to freeze a portion of every account.
4 - then hacker/exchange (or anyone aware of the hack before announcement) could easily drain entire inchain's capital
5 - this makes sense, that's what I thought.