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0 sats \ 5 replies \ @Satosora 7 Jan \ on: AnchorWatch Launches in the U.S. for Customers Holding Between $250K-100M in Btc bitcoin
This insurance lets them have a multisig so that they cant use it by themselves.
But doesnt that defeat the purpose of bitcoin?
You cant just use it whenever you like and you are chained to your insurance provider.
I would imagine it has its usecase for long-term holders who do not plan on spending their stack in the short-term?
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yeah this is probabaly for people or institutions that just want their bitcoin permanent fund and really don't want to use the utxos