What are your thoughts about having a compulsory insurance when someone wants to do some ICO so that investors are safe and the participants are also safe? So if ever they want to scam people, people are secured.
I don't think compulsory insurance is a good thing, and that ICO-related insurances can be popular (too much scam, decreasing popularity. Who'd be issuing them?). However, I think that crypto insurances for individuals can become a thing, and be a very profitable business. I am pretty sure that many would be interested in paying a small monthly fee for knowing that in case they get scammed, they'll be compensated by their insurance company. And since most of the people don't get scammed, after all, the companies will have good revenue.
The question is,there would be any insurance company would accept such thing? They know the rate of scams
and fraud on crypto space is pretty high,this isn't just like on life insurances or car insurances which we know the rate
of such accidents isn't really that rampant which isn't equivalent here on this market.So this is a lit idea about crypto insurances.
