Quote from: ethereumhunter on Today at 12:58:24 PM

Quote from: Metall303 on Today at 10:50:51 AM

Quote from: sourish on August 27, 2020, 05:42:49 PM

In crypto space where there is so much volatility, scams and a steady cascade of nascent projects coming up, varying government laws, crypto asset insurance sounds like a pipe dream, until better clarity in cryptosphere.

there are already many projects that doing insurance of cryptocurrency assets, but I dont understand how it really works in reality and is we really have any cases when such companies return losses

But many of them can not survive, and many of them delay the project, so we don't know when the project can run again. I think the insurance will depend on how we can treat the asset, and if we can be careful, I think we don't need insurance because cryptocurrency is not the same thing as what we see in real life. I don't think there is a company that can guarantee to give return to us if, somehow, we lose our asset while we store the asset with them.

This is what ultimately makes the name cryptocurrency not good anymore because many projects fail in the middle of the road and do not continue what was developed, cryptocurrency should not have a group like this, it will be good and can apply digital currency smoothly.