Post
Topic
Board Project Development
Re: Crowdfunding insurance - Bitcoin makes refunds possible!
by
joshuad31
on 28/02/2017, 20:32:23 UTC
crowdfunding insurance i think is very dificult to run and work
in ico selling is high complexity , if safe ico selling i think is only escrow
but if still open crowdfunding insurance, who is in bitcointalk trusted can open service, i think only administrator is good open insurance service

Well why not read the white paper.  The solution has been peer reviewed by a few people and so far I haven't found a single rebuttal for why it wouldn't work

I have heard however that there may not be an incentive for insurers to participate but that is wrong because of the following:

1. Insurers can make money if they can evaluate and manage risk.
2. There is no competing investment types where you invest bitcoin and then get a your bitcoin back + a fiat premium for locking your bitcoin for a period of time.

In any real market its simply a matter of finding the right price for the service.  If you read the paper and are not convinced then I will genuinely be surprised.

Thanks

Joshua
ok , the success of this scheme depends that a friend or a known of the project developer want to act like a vouch with those conditions, there must be some incentive for the voucher

You "vouch" with your money.  You put down a collateral deposit that is 100% equal to the future refund amount.  In exchange you can collect an insurance premium.