Ask HN: Would you pay for a bitcoin insurance policy?
Lets say you could pay $xx/month to have your bitcoins insurance, in case of theft or lost coins, or anything along those lines... would you do it?
With bitcoin there's really no viable way to do this as there's no easy way for a sub-NSA-level actor to trace BTC transactions.
So I'm at a loss as to how such a system could be made to work.
In these cases I am pretty sure the insurers make their living by shrewd actuarial rate-setting that tries to make their "average" policy profitable, and by having a large enough customer base that the "average" case is statistically likely.
The way to make BTC insurance work would be similar: calculate the costs to replace BTC, times the likelihood of needing to, and charge more than that.