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Title: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: AnhBen on January 09, 2014, 03:57:10 PM World’s First Insured Bitcoin Storage Service Launches in the UK
http://kculshare.com/2014/01/worlds-first-insured-bitcoin-storage-service-launches-in-the-uk Are you going to use it? What do you think? Title: Re: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: digit on January 09, 2014, 04:05:03 PM well what do you think? it seems like your only intention here is to make posts like everyday spamming your website/blog?
Title: Re: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: nobbynobbynoob on January 09, 2014, 04:14:13 PM As written by me on Facebook:
Quote 2% pa sounds rather steep, but isn't that bad for n00bs, especially considering this company is the first mover in this field, thus can price however they see fit. In time, I'm sure some stiff, healthy competition will lower the premiums. Title: Re: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: TheTribesman on January 09, 2014, 04:18:24 PM .
Title: Re: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: Entropy-uc on January 09, 2014, 05:13:57 PM Bitcoin is stored securely on the blockchain redundantly in millions of locations.
Trusting your private keys to a third party reduces your security. Title: Re: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: LiteCoinGuy on January 09, 2014, 07:05:38 PM take a look here:
http://www.coindesk.com/worlds-first-insured-bitcoin-storage-service-launches-uk/ i hoped for such a service since months and here it is. i dont know how good and reliable this service will be but its a logical next step in the industrie. Title: Re: [2014-01-09] World’s First Insured Bitcoin Storage Service Launches in the UK Post by: Carlton Banks on January 09, 2014, 07:34:08 PM Quote Currently, the service is aimed at those with a relatively large collection of bitcoins, with the minimum level of cover set at £5,000 Hmmm, so it's really aimed at people with deep pockets and short computing skills? Do the risk quantifiers at the insurance company actually understand the level of danger this represents? Don't get me wrong, it sounds like a positive development overall, as even if the insurance company don't fully comprehend what they're exposing themselves to, they likely will do soon enough. And in the medium term, the rich + techno-ignorant will genuinely need this sort of service to help them feel confident enough to buy into the market (in a way that gives them access to actual cryptocurrency, instead of just making fiat money using options trading). I just hope this doesn't become the latest in a long line of storage service catastrophes. Who's up for putting their thousands of BTC fortune in to this thing, let's say tomorrow? I wouldn't give them 1 BTC, and possibly wouldn't do so for a few years. That's where the long term established websites really have an advantage; Mt. Gox, for all their problems, can definitely hold onto a few coins without getting hacked or scammed by staff (if you're using 2FA, anyway). No more than a few, though :D |