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trevoryoud / Trevor Youd
npub1g8y…cdk2
2023-12-30 20:18:47

trevoryoud on Nostr: I think it would be a beautiful thing to have a bitcoin only life insurance policy. ...

I think it would be a beautiful thing to have a bitcoin only life insurance policy.

preston (npub1s5y…6q7z) Jeff Booth (npub1s05…eyhe) LynAlden (npub1a2c…w83a) saylor (npub15dq…lm5m) do you think enough infrastructure is in place for this to work functionally?

Simple vision is purchase a policy with bitcoin by the unit for a defined term. Policy units are modular and additive but paid in full up front. Bitcoin held 1:1 in multi-sig custody until term expires or death benefit is distributed in bitcoin.

Obvious follow-up question - if the infrastructure is ready, what regulatory impedences would need to be satisfied?

Not expecting you to provide all the answers but if you think it's a worthwhile pursuit I'm willing to put in the work.
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