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43 sats \ 2 replies \ @Satosora 19 Aug \ on: Volatility Insurance For Businesses That Accept Bitcoin? bitcoin
This volatility would be too much for insurance companies, though. Usually they get small amounts to cover big amounts in the future if there are problems. But if you use bitcoin as an example, when it goes down, everyone would need to be reimbursed. Can you imagine all your clients demanding insurance payouts? I just dont think it would be realistic....
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20 sats \ 1 reply \ @siggy47 OP 19 Aug
Actuarial science. All risk has a price.
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0 sats \ 0 replies \ @Satosora 19 Aug
Right, but what would the miminum payment be? Instead they should just use fiat. They can accept bitcoin, but cash it out into fiat right away.
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