# Gavin Andresen
# 2011-08-09 13:10:40
# https://bitcointalk.org/index.php?topic=35599.msg443096#msg443096

I'm curious to hear what other people think.  I shut down ClearCoin when the value of its wallet threatened to get so large I was no longer comfortable self-insuring it with my own personal bitcoins.  It is still shut down because I haven't found a group that I would trust to run it securely (and I don't want to take the time to raise the money and hire experts to run it properly). @p{par}

We are starting to see well-capitalized, experienced companies creating bitcoin businesses; at this point, I think if you are holding other people's bitcoins then having insurance or posting a bond to self-insure up-to-some-value for each account is reasonable. @p{par}

In my view, if your business model for your @p{(bf}free@p{bf)} service doesn't cover the cost of insurance or a bond, then you're just pushing a lot of hidden risk onto your users. @p{brk}