For people who want to know more about the bitcoin insurance thing check out Anchorwatch.com
Discussion
If they pay out losses in fiat, I'm not interested. If they payout losses in Bitcoin I'm skeptical.
I understand the desire for it but am more concerned about “registering” my stack and the counterparty risks.
Dont worry you can trust HODL shekelberg he’s a funny nice guy…..
There’s no counterpart risk but totally understand on the kyc side.
Not a lot of info on their site about their Trident custody management requirements. Do you use them and have additional info? It would be surprising that they would insure bitcoin without having custody and controlling withdrawls.
So it’s collaborative custody via multisig like casa or unchained but it’s a decaying multisig that transitions into full self custody if you choose not to renew your insurance policy.
I found this from a link on one of your previous posts and now it makes sense within the context of an insurance policy. As I suspected they are a co-signer on withdrawls but don’t have full custody.
Trident Vault goes beyond traditional collaborative custody products built on legacy multisig by utilizing miniscript, offering two key advantages:
Time-locked recovery paths: This feature allows Bitcoin to be recovered using different combinations of keys over time.
Multisig of multisigs: This enables AnchorWatch to be a required signer on transactions while you're insured, ensuring that we can never unilaterally control a customer's Bitcoin.
Really cool to see products like this being built. The more custody options we have, the stronger Bitcoin continues to get. 🙌🏾
Thanks for sharing 🙌
Just as we lost Andreas and Trace Meyer to shitcoining. We’re going to lose Saylor era legends to jewish financial schemes on top of bitcoin. These greedy rent seekers will do anything other than be productive, save, and spend bitcoin.
It's an interesting product. Not for me right now, but I could see myself using it for 10% of my stack in the future.