Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: joburgtaxi on January 10, 2014, 04:48:23 PM



Title: NEW Bitcoin vault offering insurance
Post by: joburgtaxi on January 10, 2014, 04:48:23 PM
Hi just found this on BBC

http://m.bbc.co.uk/news/technology-25680016 (http://m.bbc.co.uk/news/technology-25680016)


Title: Re: NEW Bitcoin vault offering insurance
Post by: jdndndndx on January 10, 2014, 05:45:26 PM
https://www.elliptic.co/vault


Title: Re: NEW Bitcoin vault offering insurance
Post by: cp1 on January 10, 2014, 05:51:20 PM
Ouch, their default level of coverage on the site (1000 GBP per BTC) adds up to cost 4% of your balance per year.


Title: Re: NEW Bitcoin vault offering insurance
Post by: Mowcore on January 10, 2014, 05:59:38 PM
I would like to point out that this must be the first www.bbc.co.uk bitcoin report that does not have that bs inaccurate bitcoin noob guide on the right hand side of the article!



Title: Re: NEW Bitcoin vault offering insurance
Post by: madmadmax on January 10, 2014, 07:59:18 PM
Would be funny if Lloyd's of London defaulted on all savings like cyprus


Title: Re: NEW Bitcoin vault offering insurance
Post by: GigaCoin on January 10, 2014, 09:27:28 PM
costs involved are not worth it, when personal storage is so much easier.


Title: Re: NEW Bitcoin vault offering insurance
Post by: Boussac on January 11, 2014, 12:01:17 AM
Great: this is going to foster wider adoption for bitcoin. Some people are not confortable or tech savy enough to handle cold storage themselves.


Title: Re: NEW Bitcoin vault offering insurance
Post by: Mowcore on January 11, 2014, 10:33:53 AM
I would like to point out that this must be the first www.bbc.co.uk bitcoin report that does not have that bs inaccurate bitcoin noob guide on the right hand side of the article!



...They have added the "bs inaccurate bitcoin noob guide on the right hand side of the article!" now, How Bitcoin works.

I guess it was only a matter of time haha.


Title: Re: NEW Bitcoin vault offering insurance
Post by: teukon on January 11, 2014, 11:26:47 AM
Would be funny if Lloyd's of London defaulted on all savings like cyprus

The UK is a sovereign nation with it's own currency.  It relies on inflation tax.


Title: Re: NEW Bitcoin vault offering insurance
Post by: jonanon on January 11, 2014, 11:29:57 AM
The fees seem pretty high but this is definitely another step in the right direction!


Title: Re: NEW Bitcoin vault offering insurance
Post by: LiteCoinGuy on January 11, 2014, 01:27:30 PM
Great: this is going to foster wider adoption for bitcoin. Some people are not confortable or tech savy enough to handle cold storage themselves.

i think so too. its a big step and a logical one.

the fees will go down after time when more and more companys offers that service.