Jesse Powell on Twitter: "@DCLcoins @MarcHochstein @coindesk 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." / Twitter

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Jesse Powell

@jespow

Apr 3, 2019

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.

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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.

3:53 AM · Apr 3, 2019Twitter Web Client

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