Chat_147 - Insuring the Uninsurable with Rob Hamilton

"One of the founding tenets of anarcho-capitalism [is]
that in a world without a government, you would have insurance
contracts as the means for negotiating, disputing
things. This actually goes into the original
fire
departments were actually insurance companies.
You'd purchase fire insurance from a particular purveyor of
fire insurance and you would actually stamp on the cornerstone of
your building, the sigil of whatever insurance company was
protecting your property.
If the fire burned the building, the insurance
company's on the hook. It's the most skin in the game, risk
aligned way to get different parties to align on an outcome as an
insurance contract. It's so much cheaper just to have an on-call
fire bucket brigade team than to rebuild a building. So in the
world without a government, you have insurance
contracts."
~ Rob Hamilton


 


In this conversation with Rob Hamilton of AnchorWatch, we dive
deep into the evolving frontier of Bitcoin custody, multisig
innovation, and the emergence of Bitcoin‑insured financial
infrastructure. We explore how tools like Miniscript and MuSig
are reshaping what’s possible with shared ownership, time locks,
and key hierarchies, and why AnchorWatch’s partnership with
Lloyd’s of London represents far more than just insured
Bitcoin—it’s a preview of an entirely new risk and capital market
built on Bitcoin.


We talk about turning legal contracts into programmable money,
the bridge between Bitcoin and traditional insurance, and the
future path from Lloyd’s underwriting to fully
Bitcoin‑denominated coverage. Rob breaks down how multisig could
transform the meaning of trust, and we even venture into the
implications for Lightning, AI authentication, and the long‑arc
future of custody itself.


How do we insure Bitcoin without fiat? Can multisig redefine the
institutional model? And what might a Bitcoin‑native insurance
industry look like when the world finally catches up?


Check out our awesome sponsors!


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