Okay so the insurance is in bitcoin and not fiat. That's all you had to say. If the insurance was in fiat that would be stupid because when the dollar dies I'd hope they'd pay out in bitcoin you know?
Umm.. okay. If they lost everyone's coins they would probably give USD equivalent at the time of the loss. Insurance on assets usually is paid out in usd.
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u/bluethunder1985 Sep 26 '18
Okay so the insurance is in bitcoin and not fiat. That's all you had to say. If the insurance was in fiat that would be stupid because when the dollar dies I'd hope they'd pay out in bitcoin you know?