Quote from: PalmerLaura on August 29, 2014, 05:16:00 AM

Quote from: unexecuted on August 28, 2014, 07:14:11 AM

Interesting. It's good to see Coinbase setting the standard here. Of course, employee infidelity and hacking are just two ways that bitcoins could disappear.

What about physical theft? Summary says that the insurance covers losses due to physical security breach, so presumably physical theft is covered. Missed that in the summary.
What about natural disasters, fire, flood, etc.?
What about kidnap/ransom/extortion of employees?
What about lawful confiscation (usually not covered by policies)?
What are the actual limits of the policy?
Are the limits on a per-account basis (like the FDIC), per occurrence basis, or per policy period?
Was the policy designed to cover the type of hacking that allegedly occurred with Mt. Gox?

Setting the standard for what, deception? 97% of deposits are offline and therefore uninsured.

Exactly - cold storage is not insured. I am not impressed at all.

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