# Gavin Andresen
# 2011-08-09 12:12:22
# https://bitcointalk.org/index.php?topic=35599.msg442927#msg442927

@s{quotedtext}
@s{quotedtext}
 @p{brk}
So factor out the swings in value by insuring in a more stable currency. @p{par}

Obtaining insurance for "up to £X worth of bitcoins per account" seems like it aught to be possible. If X is a small number, then that's a strong indication that people shouldn't be using Vibanko for secure storage of coins. @p{par}

If you can't find an insurance company that will cheaply sell you (say) £1,000 of coverage for (say) 10,000 accounts then that is an indication that maybe you're riskier than you think.  Can you afford to self-insure, and put up a £10,000,000 bond to cover potential losses?  Or work backwards: how large a bond can you afford to put up?  Divide that by the expected number of users and that's a good indication of how much wealth users should trust you with.