Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mindrust
on 08/12/2019, 07:37:21 UTC
⭐ Merited by vapourminer (1)
By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer of.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.

Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.

Trying to get useful service from a notary will be coming next. I'll keep you updated.
Bad luck, i cut my index finger today with a mitre saw, because of plain stupidity. I teared off the protection cover of the blade, because i damaged it with a piece of copper sheet that slipped and hit the lifting mechanics of the protector, so it became stuck. After the very next cut, when the blade was still rotating powerless, i made a stupid move and my index finger got hit by a few sawteeth. When the shock kicked in two minutes later, i had to sit down on the floor and almost had to vomit.
It's still slightly bleeding after hours and correct surgery, so my visit to the notary could take a little while and i'll cut down on typing for some days.

Wrong move on so many levels.

Haven't you heard these kind of news before?

https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html

Once you lose what's inside it is pretty much impossible to get back ESPECIALLY,

When it is a volatile asset.

If it was a bag of gold what was lost, the bank would probably cover you. But when it is somthing you can't explain its value, they are fcked.

Let's say you went to the bank and declared that some insider thief stole your private keys from your box. They don't know how much you had in that box. You can say it was 1000000 btc or anything.

They simply can't take that kind of risk. That's why they ignored you.