I've never had it crash either. The user experience is great, which is why we decided to build an automated cosigner for the Copay wallet. With sig3.io the user sets up their own policies, such as a per transaction limit, and Sig3 automatically cosigns transactions below the limit in a 2 -3 wallet. Makes using the multisig feature easy and secure. Try it out.

I’m excited to announce the beta launch of Sig3, the most secure way to transact with bitcoin. Sig3 is an automated cosigner redefining transaction security and improving the simplicity of multi-signature technology. Powered by a user-controlled policy engine, Sig3 allows users to set transaction policies that must be met before cosigning the transaction, and Sig3 can be integrated with any bitcoin wallet supporting multi-sig technology. We are thrilled to be fully integrated with the Copay wallet and are continuing development with a number of additional multi-sig wallets, as well as creating a web API to allow for future integrations with all types of blockchain applications. I invite you to check out www.sig3.io and begin transacting with Sig3 security.

In December I gave a presentation called "Bitcoin's Silent Killer: Surety Bonds" at the Inside Bitcoins Las Vegas conference. I've been surprised to see that the topic of surety bonds is not talked about more often. A Bitcoin exchange can't get a money transmitter license without securing the required bond. I've spoken to a number of highly regarded attorneys working in the digital currency space that don't even understand the underwriting process.

And all this talk about moving Bitcoin businesses outside the US to skirt US regulations is a joke. If your customers reside in the US, then it doesn't matter where you're located, you better be prepared to comply with US regulations. You can have Coinbase sized funding and still not get bonded if you're operating a foreign MSB.

Although I've created a bonding solution for Bitcoin money transmitters, I can tell you that if you're going to have US customers, you better strap in and hold on tight because it's going to be a wild ride to get licensed.

www.msbtalk.com is where I write about the topic.

Brian Nelson

I'm a little late to this discussion, but I actually gave a presentation about Bitcoin and surety bonds at the Inside Bitcoins Las Vegas conference in December. A bonding solution is already available and you're correct, it is the well-funded entities mentioned that I'm working with. It's a long road, but the companies that can weather the storm, will come out on top.

I've also written about the topic on www.msbtalk.com.