Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin Insurance
by
BitcoinCyberStore.com
on 28/07/2011, 17:03:56 UTC
Pretend for a moment that you had a significant holding in Bitcoin and were interested in holding on to them for a period of one year.

What value would you place on never having to worry about losing your BTC to any circumstance (malware, theft, your own incompetence, forgetfulness, natural disaster, literally - you name it)

How much would that comfort and confidence be worth to you over a year's time if you held:

  • less than 500BTC
  • 501-1000 BTC
  • 1000-10000 BTC
  • 10000+

For the purposes of this exercise, pretend you had each of those amounts in BTC and that is was indeed possible to guarantee with 100% certainty you would retain your BTC of the year's period. I don't want to know anyone's BTC holding so please try and answer all 4 levels of BTC holding and what you think would be a fair rate for each.