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Jesse Powell

@jespow

Replying to

@MarcHochstein

Would be great to hear from

@coindesk

what questions are still unanswered that users should be asking. Is the insurance worth anything if we don't know how it works? There's been a lot of misinformation about insurance in this industry. People believe FDIC covers crypto thefts.

3:39 AM · Apr 3, 2019·Twitter Web Client

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Jesse Powell

@jespow

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Apr 3, 2019

I like the idea but this is extremely hard to do and would be a very expensive undertaking just to do the audits on the insurance seekers.. would probably cost more than $1m per exchange, and most hacks are $10m-$500m. $1m could probably be covered by any insurable exchange.

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