Bitcoin Insurance Agency Innovation Insurance Group

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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A place for Indians to discuss and evaluate Investments

A place to discuss investments, insurance, finance, economy, and markets in India.
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Find the Keys: The search for Wikileaks Insurance File Keys in Bitcoin's Blockchain

Truth is in the Blockchain. Help us take expose it for the world to see.
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Bitcoin insurance

This person came up to the money center at my job and had a check from the bank. The reason was that his bitcoin was stolen from.his wallet and something happen and his bank gave insurance on it.
What i dont understand why a bank would give insurance on bitcoin if you happen to lose it or someone hacked you. Wouldn't the only insurance come from a regulated exchange and not the persons personal bank. The check was legitimate, but the story sounds like bs.
Don't care about the amount of money, but why would a bank offer insurance on this?
submitted by nathanielx4 to Bitcoin [link] [comments]

Bitcoin insurance (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bakkt Increases Its Bitcoin Insurance Option To $500 million

Bakkt Increases Its Bitcoin Insurance Option To $500 million submitted by Thecoinscapture to u/Thecoinscapture [link] [comments]

Exchanges Bolster Their Bitcoin Insurance Funds After ‘Halving Dump’

Exchanges Bolster Their Bitcoin Insurance Funds After ‘Halving Dump’ submitted by Ranzware to BitNewsLive [link] [comments]

Exchanges Bolster Their Bitcoin Insurance Funds After ‘Halving Dump’

Exchanges Bolster Their Bitcoin Insurance Funds After ‘Halving Dump’ submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Bakkt Increases Bitcoin Insurance Option For Its Custody Clients

Bakkt Increases Bitcoin Insurance Option For Its Custody Clients submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Exchanges Bolster Their Bitcoin Insurance Funds After ‘Halving Dump’

Exchanges Bolster Their Bitcoin Insurance Funds After ‘Halving Dump’ submitted by raaner12 to Altcoinss [link] [comments]

Is There Such Thing As Bitcoin Insurance?

Is There Such Thing As Bitcoin Insurance? submitted by raaner12 to Altcoinss [link] [comments]

Is There Such Thing As Bitcoin Insurance? » The Merkle Hash

Is There Such Thing As Bitcoin Insurance? https://upload.news/33zw4b
submitted by GaryPalmerJr to MintingCoins [link] [comments]

Coincover and BitGo Launched a Bitcoin Insurance Plan, Cryptocurrency Wills

Coincover and BitGo Launched a Bitcoin Insurance Plan, Cryptocurrency Wills submitted by GTE_IO to u/GTE_IO [link] [comments]

Bakkt Reveals Bitcoin Insurance of $125 Million

Bakkt Reveals Bitcoin Insurance of $125 Million submitted by eida2023 to btc [link] [comments]

Bakkt Reveals Bitcoin Insurance of $125 Million

Bakkt Reveals Bitcoin Insurance of $125 Million submitted by eida2023 to NEWSBTC [link] [comments]

Bitcoin Insurance Products, News, Articles & Information | Premier Shield Insurance

Bitcoin Insurance Products, News, Articles & Information by Premier Shield Insurance
submitted by insurance_agent_ma to u/insurance_agent_ma [link] [comments]

Bitcoin Insurance Is A Ridiculous And Unnecessary Concept

Bitcoin Insurance Is A Ridiculous And Unnecessary Concept

https://preview.redd.it/8b6nd1i3lpz11.jpg?width=350&format=pjpg&auto=webp&s=6c666584cfa42dfb64ccb39ff301056a78ff5751
http://genesisblocknews.com/bitcoin-insurance-is-a-ridiculous-and-unnecessary-concept/
Apparently major cryptocurrency firms like Coinbase are buying Bitcoin insurance. It is supposedly a problem that there is only a theoretical insurance coverage amount of USD 6 billion for the crypto space, and apparently people are jealous of Coinbase for obtaining USD 250 million of Bitcoin insurance.
GenesisBlockNews believes if someone needs Bitcoin insurance, then they should not even be using Bitcoin. There is already insurance built-in to Bitcoin via cryptographic security. As long as the private key is secured it is absolutely impossible to steal Bitcoin, and an insurance agency is not needed to secure a private key.
Yes, Bitcoin gets stolen all the time, but it would never be stolen if people educated themselves about the private key. As long as 100% control of the private key is maintained at all times, meaning the private key does not get lost, stolen, or shared, then Bitcoin will never disappear from your wallet. This requires simple steps, like using a full node wallet such as Bitcoin Core, where the private key is only inside Bitcoin Core and not on any server or accessible by anyone else. Then use a powerful enough password, and do not tell anyone the password, and the Bitcoins will never be hacked.
If using Bitcoin Core and a proper password, the only eventuality to plan for is if the computer gets stolen or destroyed. This can easily be solved by storing the private key on a properly encrypted hard drive or thumb drive. It is not recommended to write private keys down, but it could be done if very meticulous when writing down the private key, verifying the private key works after writing it down, and then storing it somewhere no one will find it like on a random page of a book in your library.
Literally with these steps there is no way to get hacked. I personally had my computer with 4 Bitcoins stolen by a gang of criminals that were specifically out to steal the Bitcoins. I stored my private key properly in a location external from my computer, and even though they did everything they could to redeem my Bitcoins from the computer that was stolen, I recovered my Bitcoins about a day later.
If me as a single individual can secure my Bitcoins even in the event of a physical robbery, why does Coinbase, a huge company with tons of resources, security, and expertise, need insurance? They do not, and the whole concept of Bitcoin insurance is a sham, to try and convince investors that somehow Coinbase is safer because of insurance. Firms that get insurance are trying to say they are better than others that do not have insurance. GenesisBlockNews believes that any crypto firm touting Bitcoin insurance looks ignorant, and is wasting investor’s money.
submitted by turtlecane to Bitcoin [link] [comments]

Bitcoin Insurance Is A Ridiculous And Unnecessary Concept /r/Bitcoin

Bitcoin Insurance Is A Ridiculous And Unnecessary Concept /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Insurance Company

I dont know how a bitcoin bank would work but a bitcoin insurance company might be something to pursue.The idea is that premiums are worked out based on the risk of losing wallets and the rate of fraud with paypal chargebacks and other calamities that could cause a loss of your wealth. You would pay a premium each month and cover a set rate of any losses you suffer.

Would you pay an insurance premium for such a service with bitcoins and what measures would the insurance company need to take to protect its members from fraudulent claims ?

submitted by emma1890 to u/emma1890 [link] [comments]

Bitcoin Insurance: It May Be Covered By Your Homeowner Policy

Bitcoin Insurance: It May Be Covered By Your Homeowner Policy submitted by ulros to fbitcoin [link] [comments]

Bitcoin Insurance: It May Be Covered By Your Homeowner Policy /r/BitcoinBeginners

Bitcoin Insurance: It May Be Covered By Your Homeowner Policy /BitcoinBeginners submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Any thoughts about bitcoin insurance?

submitted by fritzwalter195 to u/fritzwalter195 [link] [comments]

Bitcoin Insurance?

BTC is at 4844 right now. If it goes to 30 cents and I purchased a $100 insurance contract that says it will I should make $400k. (This is like a reverse thing, remember all those articles that said if you bought $100 of btc when it was at 30 cents? http://www.investopedia.com/articles/investing/123015/if-you-had-purchased-100-bitcoins-2011.asp) (obviously you would have to pay the insurance people $100 for every time it doubles, but that doesnt matter if you have like $300 worth bitcoins)
submitted by KarmaKingKong to Bitcoin [link] [comments]

If there was Bitcoin insurance, would you guys get it?

submitted by aliprobro to Bitcoin [link] [comments]

Teambrella - A P2P Bitcoin Insurance Service

Teambrella - A P2P Bitcoin Insurance Service submitted by JayHerman to Anarcho_Capitalism [link] [comments]

Blockchain: the next big thing in insurance? Bitcoin is freedom insurance for billionaires! Trezor on 2x, Ethereum, crypto-dividend news Bitcoin is Your Insurance against Inflation  Robert ... Aspen CEO on Innovation and bitcoins Travis Kling on CNN - Bitcoin as a Hedge & Insurance Policy More Scarce Than Gold - Sept 15 2019

Even insurance policies for crypto-related businesses and ICOs are being formed on a case-by-case basis. The Future of Bitcoin Insurance. Statistically speaking, it’s difficult to tell if cryptocurrency insurance policies will become an industry mainstay or even a legal requirement in the future. Two Canadian Bitcoin companies have partnered up to deliver their clients the world’s first 1:1 insurance on bitcoin exchange deposits. Toronto-based cryptocurrency exchange Bitbuy, which offers ... Bitcoin insurance - how cryptocurrency is insured. Virtual currency like Bitcoin can definitely have a positive impact when it comes to insurance. Bitcoin has now become a new class of asset that can be insured, and insurance companies like the fact that it can rise in value before being converted into actual currency, which means that the ... Bitcoin Insurance Could Help You Recover From Thefts As mentioned earlier, Bitcoin wallet providers typically promote how secure their products are, but they are not without flaws. You don’t have to look for very long in the headlines to find articles about Bitcoin thefts. At Innovation Insurance Group, we “get” bitcoin, and we set up an agency to handle the insurance needs, from the routine to the unique, of companies in the bitcoin industry. At Bitcoin Insurance Agency, we know the questions to ask and, through our “C” level relationships built over 30 years, we find the right insurance carriers for the specialized needs of the bitcoin community.

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Blockchain: the next big thing in insurance?

Robert explains how Bitcoin could be your best bet against inflation to maintain a good portfolio. Follow me on Twitter: https://twitter.com/Breedlove22 You ... Swiss Re hosted a global conference on blockchain to discuss its potential for the insurance industry. Click here to find out more about the event #Bitcoin #XRP #Crypto - Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his “Bitcoin Misery Index” (BMI) recently hit its highest figure ... Travis Kling on CNN - Bitcoin as a Hedge & Insurance Policy More Scarce Than Gold - Sept 15 2019 ... A crypto expert explains why bitcoin is a good hedge against global turmoil - Duration: 5:28. #bitcoin #Ethereum #tradeBTC #TradeETH #Crypto #insurance Website - http://ccin.io/

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