Stefan Mendoza

Jun 29, 2018

Two questions.

1) What did you think will be the most impactful result / value that Bitcoin brings to the world? (ex. financial freedom, privacy, etc.)

2) Do you envision any type of insurer in the event of self-banking displacing traditional banks? Do you think there will be insurance for losing private keys, etc.?

JS

Jimmy Song

Bitcoin Developer, Educator and Entrepreneur

Jun 29, 2018

1) Sound money. This in turn gives people more of a long time preference which includes capital accumulation and building up of civilization.

2) You can certainly have some sort of insurance, but the risk profiles are really hard to build and in the face of uncertainty, insurers generally charge a lot of money. I'm guessing many will just demand to be a part of the multisig to make this work.

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