Post
Topic
Board Economics
Re: Insuring the crypto assets. Is it possible?
by
TRADE OR HODL
on 25/11/2018, 11:16:57 UTC
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks.

It would be great if there's some indepedent bodies who'd provide some insurance options in case of hacking, bankrupting etc, isn't it? I mean, somebody who regulates the relations between the exchanges and the users.
That's possible if all people who trade would be fully identificated, and that's millions of people. I think, it's technically impossible to insure all this people