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Micah Zoltu
@MicahZoltu
I wonder if you could sabatoge a plane for less than $75,000...
Matt Penske
@mattpenske_twitter
Congratulations, it's great to see progress
Christoph Mussenbrock
@christoph2806
Yes we had this at an early stage, and the contract is able to process individual weights for each of the delay classes. e.g. you could choose that 100% of payout only for cancelled flights. We deliberately choose not to offer this because it would make the product overly difficult to understand.
Micah Zoltu
@MicahZoltu
If so, buy all 250 policies at max value (~$6250), then ensure that the flight is cancelled/diverted by sabatoging the plane in some way. Could be as simple as a bomb threat (because in the US the TSA is stupid).
Profit is ~$80,000 (not counting cost to sabatoge flight).
Christoph Mussenbrock
@christoph2806
not possible because we limit the maximum risk per flight to about 60 ETH = 1500 $ . Not really attractive if we catch you (and we will!)
Micah Zoltu
@MicahZoltu
Ah, I didn't realize you limit risk per flight.
Christoph Mussenbrock
@christoph2806
But still, I think any insurance can be gamed to a certain extent.
The incentive should be not too high.
Alex
@Al3k5and3r_twitter
do you plan a tokensale?
Christoph Mussenbrock
@christoph2806
Yes, but no ETA
Doug Hall
@jdhalltweets_twitter
This looks great everyone. Good timing, hopefully you'll get some useful feedback at Devcon.
Stephan Karpischek
@kpii
thanks @jdhalltweets_twitter
심복남
@AiL9NJxjWsGcwD3_twitter
hey man !! Total tokens?
Has the token equity structure been determined?
Stephan Karpischek
@kpii
@AiL9NJxjWsGcwD3_twitter thanks for your questions. we will publish details on the token sale when ready.
also please join us on telegram https://t.me/etherisc_community
심복남
@AiL9NJxjWsGcwD3_twitter
You are already signed up.
심복남
@AiL9NJxjWsGcwD3_twitter

"Online calls You can purchase in Ethereum (ETH) or in major currencies in US dollars, Euros and pounds."

Why not use tokens?

Stephan Karpischek
@kpii
Which tokens would you like to use?
심복남
@AiL9NJxjWsGcwD3_twitter
Our RSC or future token to be converted
Stephan Karpischek
@kpii
it's on our todo list to enable payments and payouts with ERC-20 tokens.
심복남
@AiL9NJxjWsGcwD3_twitter

I do not want my payouts to be legal coins or other tokens.

Only RSCs or tokens to be converted in the future should be possible.

Combine RSC or other tokens to pay later in a different currency
No one will use RSC.

The public is using familiar things.

This greatly reduces the frequency of use of RSC or tokens to be converted and can not exercise the force of the token value.

심복남
@AiL9NJxjWsGcwD3_twitter
Etherisc ( HKG ) Initial investor community
https://web.telegram.org/#/im?p=g284523132
web.telegram.org/#/im?p=g284523132
Stephan Karpischek
@kpii

@AiL9NJxjWsGcwD3_twitter Thank you for sharing your thoughts here. I agree that the usage of the token highly correlates with its value, and using our own token for payments is a good idea to align incentives and create value for token holders.

first, we need to have premiums and payouts in the same currency, if we can do ERC-20 tokens, we can do all tokens, we can also restrict payments to a certain token in the contract. we could of course use RSC, but are in fact very reluctant to use RSC for anything else, because we have very limited control over the token contract and would rather abandon the RSC token after DIP token generation. Using DIP for insurance payments is definitely a good idea, increases the value of DIP, and on our roadmap!

심복남
@AiL9NJxjWsGcwD3_twitter
RSC <= > DIP same , DIP is good idea
CryptoSaint
@crypto_saint_twitter
So is etherisc having an ico? If so when?
Christoph Mussenbrock
@christoph2806
@crypto_saint_twitter Yes, no ETA yet - please join our Telegram chat, https://t.me/etherisc_community to follow our latest news
SAJ
@SpenyAJ_twitter
@christoph2806 @kpii Hey guys, the whitepaper published this month looks great. You say that there is no ETA for a TGE but in mid-September said End of Year (Q4). Is that still a realistic timeline even though no date is set?
guajira
@guajira
Hi, perhaps is a stupid question but I wonder if RSC tonkens have some liquidity, meaning any exchange/platform where RSC are listed to Buy/Sell.
Stephan Karpischek
@kpii
@SpenyAJ_twitter No. This year is not realistic anymore. We don't have an ETA yet.
@guajira there is an orderbook on etherdelta
guajira
@guajira
@kpii Oh yes, I saw the etherdelta orderbook but I ask about the tokens listed and they told me that were not official.
Stephan Karpischek
@kpii
hmm. they don't need to be official to be traded.
guajira
@guajira
hmm. I mean real/unfake, like the ones I have for instance
Stephan Karpischek
@kpii
? can't follow you.
guajira
@guajira
Yes, that is the link. But my cuestion is if the token listed are the same ones I've got
Stephan Karpischek
@kpii
not sure which tokens you have got. if the token contract address is the same, it is the same token.
guajira
@guajira
Good. Everything is ok then. Thanks.
Tia Pashentsava
@tiapashentsava_twitter

Hi guys,

At the end of this year, let’s recap one of the remarkable moments of 2017 for Etherisc and for the decentralized insurance community – D1Conf. There is a series of blog posts for you to read during these long holidays. Enjoy reading and may our next year be full of new interesting events, projects, and cases in decentralized insurance! Happy Holidays and Stay Decentralized in 2018!

  1. Building Protocols for Decentralized Insurance with Christoph Mussenbrock, co-founder of Etherisc
    https://blog.etherisc.com/building-protocols-for-decentralized-insurance-8e6de8d15598

  2. The Challenge of Feeding Authentic Data into Decentralized Apps covered by Thomas Bertani of Oraclize
    https://blog.etherisc.com/the-challenge-of-feeding-authentic-data-into-decentralized-apps-9c6908ed6a87

  3. Hugh Karp of Nexus Mutual calling up to Bring Mutuality Back to Insurance
    https://blog.etherisc.com/bringing-mutuality-back-to-insurance-718c567988c1

  4. Stefan George of Gnosis explained how to Create Prediction Markets for Decentralized Insurance Applications.
    https://blog.etherisc.com/creating-prediction-markets-for-insurance-5759484621a

  5. Insightful panel “Do Decentralized Insurance and Prediction Markets Go Together?” with Ron Bernstein of Augment Partners, Jack Peterson of Augur, and Martin Köppelmann of Gnosis
    https://blog.etherisc.com/panel-do-decentralized-insurance-and-prediction-markets-go-together-861d72c0db8d

  6. Abaris Global’s J.P. Schmidt talks about Insurance Regulations in Blockchain
    https://blog.etherisc.com/insurance-regulations-in-blockchain-a7498afbca0c

  7. Risk Pool Tokens as a Source of Capital brought out by Stephan Karpischek, Co-Founder of Etherisc
    https://blog.etherisc.com/risk-pool-tokens-as-a-source-of-capital-c7db178accb3

Yme Brugts
@MkkillahNL_twitter
Hi guys. I was wondering if this is still an active project. I don't see a lot of activity on github and the timeline is not updated.
Yme Brugts
@MkkillahNL_twitter
I've read through the posts so obviously there is still movement but is there still a whole team involved? I've read through here and I could've supported pre-ICO by buying RSC, I assume this is closed now. Any other way to support pre-ICO? I see some big potential after reading the whitepaper.
Joel Hermosilla
@joelhdelacruz_twitter
It is still very active, you should check out the telegram chat. Link is a couple of lines above.
Yme Brugts
@MkkillahNL_twitter
Thanks. I joined.
Christoph Mussenbrock
@christoph2806
Hi guys, sorry for responding late. The community had moved to telegram; please join our channel there https://t.me/etherisc_community
vovo999
@vovo999
Hi,ADMIN
KYC
don't know what they say
Super Sonic
@supersonic2191_twitter
Hi, everyone i wish to sell all my 5460000 RSC tokens that now storage in my Eth. address. the price is 0.005$ per 1RSC or ETH, BTC equivalent . After purchase you will be able to convert RSC to DIP after the TGE. If you interested in, to write me to discus: supersonic1@tutanota.com