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77 sats \ 2 replies \ @justin_shocknet 20h \ parent \ on: Would you insure your Bitcoin using AnchorWatch? AskSN
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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