/biz/ - Business & Finance

There are some insurance platforms that can help you with protection. Nexus, Nsure...

>>24888600
I cant think which is the best but binance and coinbase are awesome picks.

>>24888600
had a very unpleasant experience with binance yesterday
basically my funds are locked and will be reverted in 1-3 because of a system error
also had to wait 9 hours in queue just to talk to someone
degen :(

Imagine not having a hardware wallet if you have more than $100 in crypto.

>>24888938
when you see this happening it's a clear sign the bullrun is here
basically we have no protection from anyone and they are not liable if you miss oportunities

From my point of view it all depends if youre hodling or not. If you are an active trader keep it on a cloud wallet

>>24888890
you forgot to mention bridge because they also cover centralized exchanges.

>>24888600
I've got a ledger

Guard dog and a fence.

>>24889097
are they covering dexs as well? saw a lot of hype these days, i wonder if n00bs pushing it.

>>24889097
if they can provide cover for a cold wallet that would be game changer

>>24889277
they have mentioned future products and im sure this will fall as the future projects if someone will push this to the owner of the bridge

insurance field has always been good terrain for various sorts of manipulations and frauds. i'm a bit skeptical about it, frauds can happen even if it's defi

>>24888600
toilet paper wallet overpowered and underhyped

you have no ideahow big the benefits are when wiping your filthy ass with some btc

>>24889200

How are you guys able to see a future in decentralized insurance?
Not getting a proper hold of what they have built and who they are going to help!

>>24889200
i see hypes for bridge but i dont even see price hype on that seems like another filtered project that only want to focus the project and remember people like the price hype lol

>>24889505
1 BMI = 10 BTC change my mind boi

but seriously really $100 long term is a walk in the park

>>24889623
The fuck, 1BMI = 10 BTC haha okay never stop dreaming, cover coin can achieve that price

>>24889458
maaybe insurance platforms should insure each other and make some safer chain. maybe the first niche where competition can be healthy

>>24888600
>>24888888
If you have less than $5K you can just keep it on Binance. Over that it is a good idea to spread your holdings across different platforms and wallets. The exchanges you can trust the most are Coinbase, Binance and Kraken.

>>24889846
i dont see things like this for example, oracle, oracle needs another oracle to solve the problem of the blockchain traffic but you didnt see oracles helping each other instead competing whos the best just like the insurance case

>>24889457

BTC is BTC bro.

But BMI is also opening a new space to invest. A new industry, decentralized insurance is going to be a booming industry,

BMI will make money good time s

>>24889846
lol no way wtf

would you fill your competitor the exam papers while trusting him to fill yours? lol

>>24890106
They could be a healthy competitor if this case happened. Its all about trust, but if its purely business i doubt this will work . Lol besides nobody will agree this shit

>>24889978
that's their problem... i think i saw some communication with bmi ceo where he said that they are looking for partnerships and not competition. we'll see if it's gonna happen. competition is good sometimes but colab can be even better

>>24889786
sure man your coin can do it but the rest is shit right?

bmi, cover, nxm, nsure they can all find their own markets since we are almost 8bn people

>>24890276
competition is good because it drives improvement and innovation
a strong competitor makes one give it's best

unless one is fucking lame

>>24890276
collaboration might be a good factor to contribute healthier way and to respect the project itself rather than being superior, i saw nexus was hacked, i hope everyone is not happy of the situations especially the insurance competitors because if we are in their shoes, the frustrations are real.hope someone gets my point

>>24890606
i wonder what will happen if they were insured.

>>24890606

This DEFI space is moving with good Partnerships. Everyone helping each other to grow.

The kind of business Bridge is in, many companies will be willing to partner with it. It will ultimately help both the companies.

>>24890780
insuring the insurer, bullshit the bullshiter.
r u fags serious

>>24891000
yeah there is no doubt about parterships, that's a good thing but im more interested to see competitors working together.

>>24891268
Why would competitors work together bro? To each other’s business?

Are you dumb?
Ever seen Apple and Samsung/ coke and Pepsi working together

>>24891492

I don’t think bridge mutual got any competitor here. Rest all are insuring collaterals and deposits in DEFI space.

They are insuring stablecoins, exchanges and many more technical side of things. Different and unique model they got there

Check out ngrave best wallet in existence entire new classification of security higher than banks

>>24892128
Insurance space doesnt look to me it is made for blockchain bro

Data bulk is so high. Ethereum will shit its panties

>>24892665

First learn what bridge is insuring, not insuring your worthless life. It’s insuring DEFI space, crypto companies, and tokens.

Enough scalable to support them for 100 years from now