Well the point was not starting an argument. It was asking for a service, and doing some kind of an experiment to see if it will actually work along the way. The experiment obviously failed. I actually expected that in a way, I guess. Oh well...

To defend myself a bit:

* At my age I do pay about ~$100 per year for my life insurance. I don't expect to pay that when I'm 80 though. Again it's all about probabilities.
* I am working with btc so there are no fiat delays
* I specifically said that if btc-e is down for an hour or so that is fine. That includes ddos.
* The eight day term is there exactly to protect the insurer if btc-e is down due to ddos during the last hour of the 7-day period. They have additional day to recover before the insurance activates. I was actually trying to be fair.
* Hiring someone to hack btc-e and getting measly 250 BTC through some elaborate forum scam? If I was really aiming to hack btc-e I would aim for 1000s, considering their volume, and I would keep it secret...
* "for any reason" - that means other scenarios I might not think about such as btc-e having a rogue employee, disk crash, building fire, whatever. Anything catastrophic enough such that it affects all users and as such is easily verifiable. Not me being silly and forgetting a password.
* With a 2 out of 3 key scheme the escrow does not have to actually hold 250 btc, only to hold one key and mediate in case of a dispute.

If you read my terms closely you will see I was actually trying to be fair. The only thing you could argue I am not being fair about is the price. But that's up to how you estimate the probabilities. If instead of 0.3 btc I was offering 100 btc, would you go for it now? What's your price then?