This is why people use exchanges: insurance.

The breakthrough came faster than expected. Applying Craig's trading principles with consistency, discipline, and proper risk management transformed my entire approach to crypto. Within just one month and a half, the results reached an unbelievable $100,000 milestone. The biggest lesson wasn't only ...

Yeah, but they would want to have a 1oo2 key to a multisig, other wise they wouldn't know if you just spent it and claimed theft. A better model would be a bank holding part of a multisig in a safe deposit box. No way for them to know what's in there to rehypothicate. But it stops wrench attacks a...

I have a hard time imagining any legitimate company will to take on the risk. The price volitility alone would make that a horrible business model. Then there is the fraud that would come with it. The cost of this insurance, should it exist one day, would almost definitely come with a much higher pr...

I wish we lived in a world that didn't need insurance to feel safe 😕

Zero insurers will be interested the moment that they learn that user understanding of technical concepts including cryptography play a major role in these coins' safety.

The fee on several bitcoin ETF's is less than that.

The insurers establish conditions of insurance and that nearly fully mitigate the actual risk. You could almost ask yourself (or Rob) what an insurer would require, then do that, then you likely wouldn’t even need it any longer.

You can buy insurance for Bitcoin today from Lloyds of London. Lloyds will insure anything. Lloyds have insured some crazy shit over the past few centuries. However, they don't insure peasants. Billionaires though, they can insure their Bitcoin and their superyacht on the same policy.

Insurance….what a ponzi if there ever was one :)

Onramp Multi Institution Custody, even their free accounts have insurance from Bitgo, created just for this reason

I think actually this is the must sensible thing I have heard

Keep in mind that insurers will dictate your setup to a degree. They won't just insure any scheme you figure out for yourself, or receive much worse terms. Still could be worth it but it's a serious tradeoff, along with privacy implications.

I don't think this is achievable. How would you even arbitrate this? I would like this too but what does stolen even mean when all you can see are valid transactions? How would you verify "stolen" vs "boating accident"?

0.2% per year to sleep is cheap. the real test is whether they pay out when the theft is untraceable and irreversible, because that's when you actually need them.

My grandad always said "you can buy insurance for anything". Vitor has a great point.

does that include theft by government taxes?

Did you lose anything up until now?

If you're looking for someone who values education, discipline, and long-term growth over hype, I think Craig is worth following. His guidance has had a genuinely positive impact on my trading journey, and I'm happy to recommend him. nostr:nprofile1qqs9206rfkj3v7ze4s9n4vwwuw74u8cqnvr7aa6n72quzsh7tvs...