/biz/ - Business & Finance

>>24590170
I am looking at both Nsure and BMI.
Crypto needs this now, potential is so fucking huge, they just need to play it right.
I think Kucoin hack and lots of other would be easier to handle if there was insurance involved.

One more field with a serious scamming potential. You see how centralized institutions are very friendly when it comes to frauds and manipulations, that can go 20x in DeFi.

shitcoin
shitcoin
shitcoin

>>24590258
Which one do you think it's better?

Kucoin was a fuckery anyway

>>24590170
who knows bruv?
if it makes us money my thoughts are good lol

>>24590340
i don't fully understand what you are trying to say

20x potential or scam/shitcoin ?

>>24590170
BMI is fire maan

Get that asap, don't miss that train
Imagine legit insurances on blockchain and how big can this be

>>24590349
i think the point is not on kucoin itself but token users and their security.
bmi is focused on us bro.
it's not the first hack and surely not the last one.

>>24590402
lol fuck off shiller

look at this guy people!! he wants you to pump his bags lol

>>24590423
luckily my xdc is not on kucoin but still have others...

i hope i wont lose them cause idk where to take them out tho

>>24590170
I like it so much that it's on polkadot and the gas fees will be very smol

polkadot will be so big in a year or so

>>24590170

For sure the result is negative hahahahaha

>>24590459
Use BMI to insure it. or insure the exchange.
you can do both with Bridge.
now you have the ability to do that, don't be stupid and go for it.

>>24590170
Bro that no KYC thing is good because it will never doxx anyone and the insurance claim will be handed over to you by a code lol

it makes sense to remove the need of trust on this one and put it on blockchain

>>24590524
yeah, like blockchain and smartcontracts are safe.
get the fuck out of here noob. there are manipulations everyday in crypto and this is designed to the same.

>>24590634
>>24590520
>>24590501
>>24590445
>>24590423
>>24590402
>>24590362

Influencers are getting paid here to spread bridge , shameless influencers using their power and followers and receive payments lol

>>24590700
can you be more retarded?
bmi can make crypto a safer place to invest and it can lead to more adoption in mainstream circles.

>>24590753
and how does that insurance process work?
some plain English clearance on that..

>>24590909
You should learn to use google first, and trust me, it's very easy.
with bmi you don't need to posses the assets you're insuring, you can also provide coverage for others.

>>24590909


Have a look on this: i found it from the AMA,

Q5: Usually people remember Insurance after damages. We saw many interesting cases in crypto attacks, liquidity crises, hacks etc. How can Bridge Mutual protect us against these crises?
MM: How the platform can protect you depends on the type of insurance.
For stablecoin insurance, the platform protects you in the event of a price drop, and the claims are handled instantly and automatically. For example, If you buy $1,200 in DAI today and then next week DAI crashes to $0.15 and didn’t recover, then you could easily make a claim on our app and be paid ~$1,000 instantly. This is an oversimplified explanation of how *stablecoin* insurance works.
The smart contract and centralized exchange insurance is different. It goes through a voting process involving the users on Bridge, and there is a 3-phase voting process in place to make sure people vote honestly. This system is much more complex than I am explaining here, but we can talk about it later.

> Stable coin is easy part to understand, but DESU, when it comes to exchanges, im not sure huh

>>24591107

Thanks for the shit scripted answer that is a copy cat from nexus mutual, you guys are blind, posting non sense here without even understanding just to do the shit shill

>>24591226

Lol, it may have a similar concept but it will be differ on how they deliver their products and attracts more costumers to stake BMI

>>24590700

Then OK, if you dont trust bridge, your bridge will be like this hahaha simple. EZ math

>>24591501

Whatever you say i will buy BMi
i dont want to deal with someone else who is mentally retarded
BMI token will have a massive response from the community unlike you, smells gross

>>24591634
ignore them as long as we believe in bridge, our future will be even brighter! sadly people has special preferrences which makes us believe in different ways but i love bridge ideas and concepts