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63 sats \ 6 replies \ @Scoresby 7 Jul \ on: Would you insure your Bitcoin using AnchorWatch? AskSN
Maybe if I had a hell of a lot more bitcoin than I do.
I'm pretty sure you have to use their "vault" product -- It's not like you can roll your own cold storage setup and expect to get it insured.
Yeah this is why I am on the fence with it. You have to use their hardware devices. Plus I’m not sure how much this costs for the small stacked stackers.
But I am all for insurance! Risk and loss happen and I am glad this company is around to help mitigate the risk of total loss especially if it happened via the $5 wrench attack
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You have to use their hardware devices
This would defeat the purpose imo, may as well just use an insured custodian if you're doing "self-custody" with their infrastructure.
I think the product makes more sense for company treasuries where the investors demand this to mitigate key-man risk
Taproot being a huge mistake and relatively new, storing large amounts of coin in a tapscript isn't aligned to a risk-averse strategy either.
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The insurance is meant for operational fuck-ups, if their entire portfolio of insurees get pwned that's Force majeure.
Cope harder shitcoiner.
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literally insured
It must be hard using the Internet as a retard, but get some parental supervision before posting
Enjoy your shitcoins