Post
Topic
Board Bitcoin Discussion
Re: What are the odds we'll find a collision by the time the last bitcoin gets mined?
by
FreeMoney
on 24/03/2011, 04:41:37 UTC
The chance is probably way less than the chance that a bank's computers and all of their backups will get destroyed and there will be no way of recovering bank deposits.  Has that prevented people from using banks?
That is what deposit insurance is for.

You think deposit insurance is going to help you if every bank computer and backup is gone?

Buy collision insurance? I'll gladly sell it to you for a one time fee of .1% of insured funds.