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Author Topic: [2014-06-03] CD: $5 Billion Insurance Company Offers Bitcoin Coverage to Busines  (Read 738 times)
LiteCoinGuy
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June 03, 2014, 06:24:47 PM
 #1

$5 Billion Insurance Company Offers Bitcoin Coverage to Businesses

http://www.coindesk.com/great-american-insurance-bitcoin-coverage-businesses/


and the next big news Smiley

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June 03, 2014, 06:25:31 PM
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It's getting accepted more and more. Best news for right now.
LiteCoinGuy
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June 03, 2014, 07:05:30 PM
 #3

http://cryptocrimson.com/2014/06/big-business-insurance-moves-bitcoin/

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June 03, 2014, 07:21:53 PM
 #4

almost like these bitcoins are real!

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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June 04, 2014, 07:33:57 AM
 #5

The Insurance Company needs to calculate what the demand/value would be if x% of international/national trade were conducted in BTC. Then we would know where we're at.

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June 04, 2014, 07:53:35 AM
 #6

Hmm... good news. But I am a bit skeptical as well. Unlike the fiat business, Bitcoin-based business can be a lot more riskier. There is constant risk of wallet robberies and hacks.

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Ron~Popeil
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June 05, 2014, 08:19:45 PM
 #7

This is telling. Insurance companies are some of the best in the world at evaluating risk and future growth. This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

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June 07, 2014, 03:06:50 PM
 #8

This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

Offering insurance coverage for Bitcoins and Bitcoin-related business doesn't mean that the insurance giants are viewing it as a long term safe investment. But overall, it is a positive development for Bitcoin.

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tins
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June 08, 2014, 01:37:45 AM
 #9

This is telling. Insurance companies are some of the best in the world at evaluating risk and future growth. This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

Maybe. As of now, the article states, that this coverage is only offered as an endorsement (rider) to a policy. Not offered as a stand alone policy.

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Ron~Popeil
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June 08, 2014, 03:42:59 AM
 #10

This is telling. Insurance companies are some of the best in the world at evaluating risk and future growth. This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

Maybe. As of now, the article states, that this coverage is only offered as an endorsement (rider) to a policy. Not offered as a stand alone policy.

You can cover great distances in big or small steps, the only difference is the amount of time it takes.

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