Insured up to 100,000 BTC

[kyma]

New to the BTC world. Fascinated by the community and all these cryptocurrencies.

Correct me if I'm wrong but from my brief experience using wallets I have yet to see any companies offer any kind of insurance behind the security of their product. Has anyone heard or discussed plans for this? I think this kind of protection could really add value to the currency. Even just 100BTC   

[bitspout]

I would love to see that. Unfortunately it probably doesn't exist for a reason. If there is a tendency for them to get hacked even with the best security, it would be hard to promise something like that.

[human]

The good thing about BTC is that you do NOT need to trust anybody in order to own them. It is even better than insurance. Everything else is not BTC but some more or less meaningless numbers on websites.

[Mitave]

The good thing about BTC is that you do need to trust anybody in order to own them. It is even better than insurance. Everything else is not BTC but some more or less meaningless numbers on websites.

It seems you have missed the word "not".
The good thing about BTC is that you do NOT need to trust anybody in order to own them. Right?

[Sindelar1938]

Don't trust anyone
Get smart, take the right precautions
Why get insurance? An insurer is just another middleman in the end

[human]

The good thing about BTC is that you do need to trust anybody in order to own them. It is even better than insurance. Everything else is not BTC but some more or less meaningless numbers on websites.

It seems you have missed the word "not".
The good thing about BTC is that you do NOT need to trust anybody in order to own them. Right?

Yes, I did. Sorry. Should get more sleep.